US large companies continue to eliminate DB plans

clock •

US - Account-based retirement plans for new salaried employees are increasingly replacing defined benefit plans at large US companies, a study by Towers Watson revealed.

Account-based plans include defined contribution (DC) plans, such as 401(k), and hybrid pension plans, typically cash balance plans. Towers Watson said 58 companies in the Fortune 100 ranking cu...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Giovanni Legorano

View profile
More from Giovanni Legorano

FEATURE: Dutch funding levels battered by low discount rates

Ready for new scenarios

More on US

US

TRS hands $6bn to KKR and Apollo, grows strategic partners programme

US - The Teacher Retirement System of Texas has agreed to issue $6bn combined to Kohlberg Kravis Roberts and Apollo Global Management expanding its strategic partnership programme to the private markets.

Raquel Pichardo-Allison
clock 08 November 2011 •
US

US investors returns negative in Q3

US - All US institutional investors performed negatively in the third quarter of 2011 with the median public, corporate and multi-employer funds down 8.94%, 7.94% and 9.03% respectively, Wilshire Trust Universe Comparison Service (Wilshire TUCS) results...

Jaishree Kalia
clock 08 November 2011 •
US

CalSTRS policy calls for political transparency

US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.

Jaishree Kalia
clock 07 November 2011 •
Trustpilot