TITLE

Cash-Strapped Employers Reluctant to Cut Retirement Benefits

PUB. DATE
October 2009
SOURCE
Journal of Financial Planning;Oct2009, Vol. 22 Issue 10, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports on the reluctance of employers to cut retirement benefits despite the difficult economy in the U.S. It is stated that employers value their workers that is why they do not want to cut their retirement benefits. It is mentioned that 39 percent of the companies that participated in the 10th Annual Transamerica Retirement Survey in the country prefer layoffs or downsizing as their cost-cutting measure.
ACCESSION #
44677387

 

Related Articles

  • The Future of Retiree Benefits.  // HR Magazine;Dec2011, Vol. 56 Issue 12, p72 

    The article notes the outlook for retiree benefits, in light of health care reform in the U.S. and a 2011 survey which found a majority of employers are reconsidering their retiree medical plans.

  • Cutting staff numbers of the easy part of downsizing. James, David; Stickels, Georgi // BRW;7/10/95, Vol. 17 Issue 26, p62 

    Discusses the results of a survey by the University of Southern Queensland, the University of Queensland and the Sunshine Coast University College and Victoria University on employers. Staff reduction; De-layering in organizations; Costs of middle managers; Potential problems for managers in...

  • The Hardest Cuts of All. Bush, Haydn // H&HN: Hospitals & Health Networks;Mar2009, Vol. 83 Issue 3, p41 

    The article discusses the impact of economic downturn on hospitals in the U.S. Several large hospital systems announced significant cuts including Crozer-Keystone Health System. Beaumont Hospitals announced layoffs that ultimately will reduce 500 full-time positions. It has eliminated open...

  • Layoffs to shortages. Dandrea, Joel M. // International Cranes & Specialized Transport;Sep2010, Vol. 18 Issue 12, p49 

    The article presents the author's comments on the impact of layoffs on the long-term viability of a business in the heavy lift and transport industry. He says that recession has forced many companies to consider downsizing to remain profitable. However, he says that layoffs not only affect a...

  • Midstate businesses tighten belts, push additional services. Bair, Jessica // Central Penn Business Journal;12/19/2008, Vol. 24 Issue 52, p16 

    The article reports on the move of midstate businesses to push additional services due to economic conditions in Pennsylvania. It mentions that most companies are tightening their budgets and others are searching for potential new revenue streams. It notes that companies are applying layoff...

  • Regardless of whether recession is real, perceptions affect behavior. Schwartz, David // Las Vegas Business Press (10712186);6/16/2008, Vol. 25 Issue 24, pP25 

    The author reflects on the perception of luxury and the reality of recession in Las Vegas, Nevada. He notes that market correction and cutting prices are not a workable proposal since visitation rates are stable and slashing prices might result to layoffs in the labor force. He cites that making...

  • NY firms gird for tough times. Massey, Daniel; Agovino, Theresa; Cordova, Elisabeth Butler; Engquist, Erik; Flamm, Matthew; Fickenscher, Lisa; Fung, Amanda; Potkewitz, Hilary // Crain's New York Business;10/13/2008, Vol. 24 Issue 41, p1 

    The article focuses on the reaction of New York firms on recession. As the financial crisis spread worldwide and the stock market plummeted, investors and New York businesspeople panicked. Many began to make plans for what they now expect could be a long and painful recession. Banks are denying...

  • Find a straw to stir the drink. Stettner, Morey // Managing People at Work;Dec2009, Issue 333, p2 

    The author reflects on how to manage egotistical employees who expect star treatment. He argues that having this kind of employee is like having a high-performing winner in the team, and that despite ego problems they can often deliver when necessary. The author also explains that these...

  • Survivors' anguish. Marshall, Samantha // Crain's New York Business;1/19/2009, Vol. 25 Issue 3, p19 

    The article offers information on the feelings of employees who have survived layoffs. It is stated that wracked with fear about their own future, overwhelmed by the extra workload, and angered by the way their co-workers and friends were treated, recession survivors are finding cold comfort in...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics