Tag: 401(k) plans|Future retirement security|Pension freeze|Traditional (defined benefit) pensions
The match game
With the stock market tanking, people saving for retirement through their company’s 401(k) plan have yet another reason to worry: more and more employers are suspending their 401(k) matching contributions. This means that some workers will no longer receive a dollar-for-dollar match from their employer for the money that they themselves contribute to their 401(k). […]
New report makes the case against pension freezes
Look Before You Leap: The Unintended Consequences of Pension Freezes, a new issue brief from the National Institute on Retirement Security (NIRS), makes the case for why pension freezes aren’t always a good idea for state and local governments. Here are some of the brief’s key findings: Freezing a traditional defined benefit pension (DB) and […]
