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Erosion of Pension Plans Slowing (Institutional Investor)

New survey shows more companies willing to keep plans open.

By Shaunacy Ferro | Updated on June 18, 2012

Though companies have been trending away from defined benefit pension plans, a new study from Towers Watson shows that their erosion has reached a stable plateau. According to Institutional Investor, 68% of respondents that offer a defined benefit plan said they planned to keep offering it for two to three years.

After two or three more years, it’s unlikely that companies would change their plans at all. Despite the expense, traditional pension plans help recruit and retain staff and provide workplace planning by helping employees retire at the right time.

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