We’re living longer and that’s making it more expensive for companies to fund their old-fashioned defined benefit pension plans.
Old-fashioned pension plans have disappeared over the last 15 years — and they aren’t coming back.
Some employers are finding that beefing up retirement benefits is cost-effective.
If your former employer offers to buy out your pension, would you take the deal?
Retirement planning is changing. While defined benefit pension plans aren’t going away, companies are modifying them so they meet today’s demands.