Fortune 100 firms continue to drop defined benefit plans

The proportion of America's biggest companies offering workers defined benefit pension plans continues to fall, according to a study by Towers Watson. As of June 30, 30% of Fortune 100 companies in the U.S. offered a defined benefit plan to new salaried workers, down from 43% at 2009. In 1998, the figure was 90%.

View Full Article in:

Business Insurance (tiered subscription model) ·

Published in Briefs: