Tag: 401(k) plans|Annuities|Baby Boomers|Delaying retirement|Traditional (defined benefit) pensions|Youth
Retirement plan shift is creating a generation of workers unable to retire
Large U.S. employers continue to eliminate traditional pension plans that pay retired workers a monthly lifetime pension in favor of defined contribution and hybrid plans that offer lump-sum payments at retirement, according to a recent survey HR consulting firm Towers Watson.
