Tag: PBGC
Shifting company contributions from 401(k)s to cash balance plan won’t help the rank and file. In the recent sudden burst of enthusiasm for defined benefit (DB) plans, IBM has been at the center of the conversation. Indeed, IBM is making changes to its retirement plans. Starting in January 2024, IBM will end its 5-percent matching…
Select committee faces November deadline to propose a solution. Policymakers in Washington are hard at work trying to find a solution to the multiemployer plan crisis. A solution is essential because multiemployer plans pay relatively low benefits to relatively low-paid workers. Without these benefits, many would be destitute. The focus of current efforts is t…
