The New Retirement: Let's Make a (Bad) Deal - Converting to a cash-balance plan has lots of benefits-for employers

摘要

Talk to people who are financially secure in retirement and you'll find that many of them have two things in common. One is a well-defined plan. The other is a pension. Unfortunately, many American companies are taking a whack at both the pensions and the plans of their employees by converting retirement benefits into schemes known as "cash-balance plans." And Congress and the Supreme Court are letting them get away with this audacious maneuver.