TITLE

Deep freeze More plan sponsors put their pensions on ice

AUTHOR(S)
Anderson, Tom
PUB. DATE
February 2006
SOURCE
Employee Benefit News;Feb2006, Vol. 20 Issue 2, p55
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the decision of defined benefit (DB) sponsors to freeze pension plan options in the U.S. Watson Wyatt found that 4% of the top sponsors closed their pension plans to new hires in 2004. Verizon believes that competition is a key reason in closing DB plans. Firms should communicate a freeze sooner than is legally required.
ACCESSION #
19668059

 

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