Tag: Private Defined Benefit Plans
In some ways, it’s old news. Defined benefit plans in the private sector are disappearing. But the extent to which this shift has occurred in the last several years is stunning. According to Towers Watson, only 13 of this year’s Fortune 100 companies offered new employees a traditional defined benefit plan in 2011, compared to…
The brief’s key findings are: Defined benefit pension plans – unlike 401(k)s – shelter individuals against financial turmoil. But falling asset values may require employers to boost contributions by perhaps $90 billion in 2009. And higher contributions amid a slowing economy could trigger some layoffs, bankruptcies, or plan freezes – reducing retirement income for affected…
