Deep freeze More plan sponsors put their pensions on ice

Anderson, Tom
February 2006
Employee Benefit News;Feb2006, Vol. 20 Issue 2, p55
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.


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