Ibm Pension Freeze Highlights Growing Shift to 401(K) Plans

Summary

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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.

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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...

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