Personal Finance Advice and Commentary

Monday, May 30, 2011 3:00 pm
By Jennie L. Phipps · Bankrate.com

Traditional defined benefit pensions, which for most of the last century were a fixture of American life, are about to become a relic of the past. The Standard & Poor’s 500 reported Thursday that among its companies, pensions and other post-employment benefits remain underfunded by $210 billion. “Even with a 15 percentĀ  equity return and