US - The rate at which large companies froze or terminated their defined benefit pension plans accelerated sharply last year even as the average funding level for plans continued to increase, according to a new analysis by Watson Wyatt.
Watson Wyatt found 11% of companies in the Fortune 1000 that sponsor defined benefit plans had frozen or terminated plans in 2004. The 11% represents 71 companies and is an increase from 7% (45 ...
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