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May 10, 2006

All Business:In post-pension world,not all firms are alike

  • Some companies are being more responsible than others, finding alternatives that help reduce the risk that future retirees won't save enough.
    • By BRUCE MEYERSON
    AP Business Writer

    NEW YORK — Whether you view it as a betrayal of workers or as an economic necessity, the traditional pension plan appears destined for extinction as more companies move to reduce their future financial obligations to retirees.

    One can rail against the apparent hypocrisy that these decisions are made by well-paid executives with posh retirement benefits, of course. But digging deeper, some companies are being more responsible than others, sculpting pension alternatives to reduce the risk that future retirees won't have enough savings.


     
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