Hybrid plans hold steady

July 2007
Employee Benefit News;Jul2007, Vol. 21 Issue 9, p46
The article focuses on hybrid pension plans offered by insurance companies. It is noted that the Pension Protection Act (PPA) affirmed the legality of such plans which give the security of traditional pensions. Alan Glickstein, a senior retirement consultant at Watson Wyatt, said that companies are trying to understand the retirement benefits. In a recent study of Fortune 100 companies, Watson Wyatt found that 58 offer a guaranteed pension to newly hired workers in comparison to 63 in 2005.


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