Tag: 401(k) plans|Annuities|Baby Boomers|De-risking|Future retirement security|Lump sum|PBGC|Pension Rights Center|Traditional (defined benefit) pensions
Nearly Half of Large Employers Shifting Retirement Saving Burden to Workers
Boomers and younger workers don’t have much to celebrate in a new report on retirement plan trends among big employers. It shows that 80 percent of companies with more than 1,000 employees offer a defined benefit pension plan, but within five years, that will change. And not for the better.