James Klein Plans Quotations

This is just a continuation of a trend amongst many companies that have moved away from defined-benefit plans as a principal source of retirement income.

The American Benefits Council, representing companies that either directly sponsor or provide services to retirement and health plans covering more than 100 million Americans, believes that it is critical that pension reform legislation be enacted this year,

More and more companies are discovering that defined-benefit plans are not well-suited to their business realities, their future and the nature of their work force management. We've had a lot of companies terminating for quite some time, and freezing activity has gathered steam as well.