Defined-benefit pension plans are becoming a crushing burden for corporate America, and there is no relief in sight, warns a major study. Of more than 100 chief financial officers and senior financial executives surveyed by human resources consultancy Towers Perrin, 32% already have closed their pension plans to new enrollment. And more than 57% say pension programs pose a significant risk to their bottom lines. “The role of the defined benefit pension in corporate America will continue ...
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