Tag: 401(k) plans|Annuities|Excess pension assets|Executive compensation|Loopholes in the law|Lump sum|Traditional (defined benefit) pensions
‘Retirement Heist’: How Firms Trimmed Pensions
As companies have been moving away from traditional pension plans, they have been shifting employees to new retirement plans, such as 401(k)s, that transfer the cost — and the risk — to workers. Companies have claimed for years that old-style pensions were unsustainable. Author Ellen Schultz tells Morning Edition host Steve Inskeep that there’s another […]
