Among defined benefit plans offered to new hires, 54 percent are hybrid plans such as cash balance plans, which combine elements of defined benefit and defined contribution plans, but legally are defined benefit plans.Read More
Retirement accounts that remain after a worker leaves are an annoyance to plan sponsors and a burden for company administrators.Read More
Gun-shy employees are keen on investments that provide guaranteed income, though there is little interest in diversification.
Putnam Investments' Robert Reynolds laid out a three-point plan—making Social Security solvent, providing employer savings programs to everyone who pays Social Security taxes and raising workplace savings rates to 10 percent—that he said should be addressed in every federal campaign.
Before a plan can be terminated, it needs to have all the funds necessary to pay benefits to employees. Once that happens, plan sponsors can start the process of shutting down the plan.Read More
Even with employer matches, automatically enrolled workers' annual savings doesn't hit the recommended minimum 10 percent of pay.Read More
When individuals take a lump-sum payment rather than continued monthly benefits, Ford no longer will face such risks as paying more than expected if the individuals live longer than expected. Read More
Workers would keep their defined benefit contributions, something that has largely disappeared from the private sector.
Personnel Journal Jan./Feb. 1936, pages 237-242Read More