Ibm Pension Freeze Highlights Growing Shift to 401(K) Plans
The Record, Bergen County, NJ › January 10, 2006
Linked as:
Summary
BOSTON - IBM's freeze of its otherwise healthy U.S. pension plan will reverberate through industry not only because it illustrates the erosion of traditional benefits packages, but also because it sharpens the focus on 401(k) plans as a source of retirement security.
With the 401(k) increasingly becoming a de facto pension for many American workers, several experts suggest reforms are in order.See the full content of this document
Extract
Ibm Pension Freeze Highlights Growing Shift to 401(K) Plans
IBM Corp.'s announcement last week drew attention because the security of the technology giant's $48 billion U.S. pension fund stands in contrast to endangered plans run by airlines...
See the full content of this document
Sponsored links
