Employers Still Committed to Defined Benefit Plans
Despite recent financial turmoil, 71 percent of employers say they will focus on ensuring the long term viability of their defined benefit plans, according to a survey by CFO Research Services and Towers Perrin. The remaining 29 percent are focused on finding an alternative to their defined benefit plan. The steep downturn, however, has "qualified" employer commitment, as 51 percent also say they are more likely to seek an exit strategy from their defined benefit plan. By Robert Stowe England MindOverMarket.blogspot.com July 17, 2009 The faith of 71 percent of private sector employers in the company’s traditional defined benefit plan may have been severely shaken, but it has not been broken, according to the results of a new survey. For 29 percent of employers, however, the financial turmoil and recession have left them focused on finding an alternative retirement benefit for their employees in the coming years. These findings are from a survey of 439 employers in the United ...