The Big Freeze: The Next Phase in the Decline of Defined Benefit Plans

Abstract

Keywords

defined benefit (DB)defined contribution (DC)retirement income 401(k)Hay Group Pension Protection Act Employee Retirement Income Security Act

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References

United States Government Accounting Office (GAO). (2008, July). Report to Congressional addressees. Defined benefit pensions: Plan freezes affect millions of participants and may pose retirement income challenges.

Hay Group Benefits Prevalence Reports, Volume l from 1974 through 2007.

Hewitt News and Information, July 25, 2005.

Fidelity Investments (2008 , August 28). Fidelity research on generation X/Y shows that financial intentions and actions are often in conflict.

Hay Group Benefits Prevalence Reports, Volume ll from 1992 through 2007.

Brandon, E. (2008, August 18). Planning to retire: 3 reasons pensions need less funding per worker than 401(k)s. Money & Business .