PRC In the News
08/10/15|Hartford Business

Rising costs usher in pension ‘de-risking’ cycle

Many Connecticut workers probably think of a pension as something their parents had, or something they’ll never get. Indeed, as companies have frozen or curtailed their pensions or “defined-benefit” plans, the number of Connecticut private-sector workers and retirees with a single-employer pension (519,000) has plummeted 42 percent over the last decade, federal data shows.