Skip to content

What to do if your defined benefit pension plan is frozen

July 29, 2017

From the USA Today website

If you happen to work for a private-sector employer who provides as a benefit a traditional pension, you might consider putting in place a back-up plan.

Yes, in recent weeks, a number of well-known firms including UPS and General Mills have frozen the pay and service amounts used to calculate pension benefits for active employees who participate in the those plans. And more are likely to follow. In fact, in 2014, more than one out of three Fortune 500 companies froze their defined benefit plans in one way or another, according to published reports.

Continue reading

From → Benefits

Comments are closed.