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- Title
The Longer Term Consequences of Cutting Corporate Retirement Spending.
- Authors
Abraham, Jack; Nicholl, Kim
- Abstract
The current economic crisis shows that employers that scrimped for the sake of short-term savings on retirement spending, especially on defined benefit plan offerings, set themselves up for lasting cost consequences and workforce management disruption. As a result, many companies should rethink their approaches to the retirement security they provide their employees. Where possible, employers should consider a mixed program that combines the growth possibilities of a defined contribution plan with the security of a defined benefit plan. This article reviews the makings of the current employer situation and explains the benefits of such a mixed program.
- Subjects
UNITED States; LABOR supply -- Law &; legislation; RETIREMENT planning; RETIREMENT industry; RETIREMENT policies; DISABILITY retirement laws; WORKERS' compensation laws; LABOR laws
- Publication
Benefits Quarterly, 2010, Vol 26, Issue 2, p7
- ISSN
8756-1263
- Publication type
Article