Over 40% of Fortune 1000 firms have frozen pensions, analysis finds

11/16/2011 | Business Insurance (tiered subscription model)

Securities and Exchange Commission data show that 40.6% of Fortune 1000 employers who offer defined-benefit pensions have frozen at least one of those plans, up from 35.5% a year ago, according to a Towers Watson analysis. Companies move to freeze pensions, which halts future accruals, for reasons including lowering costs and reducing exposure to interest rate changes and market volatility.

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