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Halting Defined-benefit Plans

A chart showing how many companies are freezing or terminating their pensions.

August 9, 2005
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Related Topics: Retirement/Pensions, Compensation
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Recent Watson Wyatt Worldwide research shows that the percentage of Fortune 1,000 firms freezing or terminating their defined-benefit plans has increased rapidly. In 2004, 11 percent, or 71 companies, froze or terminated their plans, up from 7 percent, or 45 companies in 2003. Nearly two-thirds of Fortune 1,000 companies sponsor a define-benefit plan.

  Defined-benefit sponsors Sponsorship rate Frozen or terminated plans Rate of freezing or termination Hybrid-plan sponsorship

2004 627 63% 71 11% 16%

2003 633 63% 45 7% 18%

2002 624 62% 39 6% 16%

2001 638 64% 34 5% 16%
Source: Watson Wyatt Worldwide

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