Only 18 of the 338 S&P 500 firms with pension plans were fully funded, according to the Standard & Poor's report. Read More
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
the law constitutes 'an unconstitutional impairment of plaintiffs' contract with the State of Florida, an unconstitutional taking of private property.'
Of survey respondents, 68 percent said their companies have closed defined benefit plans to new or all employees in the past five years. Read More