Let employees control future of retirements

Gokhale, Jagadeesh; Van Doren, Peter
August 2006
Business Journal Serving Fresno & the Central San Joaquin Valley;8/4/2006, Issue 323591, p27
The article provides information about the defined benefit pension plans. Through this, employers can save and invest on behalf of the workers to pay retirement income which is typically some percentage of final salary. Data from the Pension Benefit Guarantee Corp. show that of the 30,000 employer plans it insures, nearly 60 percent are underfunded.


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