The conglomerate announced its plan to halt pensions for non-union workers shortly after IBM's announcement that it will resurrect defined-benefit plans.
Court watchers anticipate an influx of lawsuits, not from new hires so much as from existing employees who see their employer's pay scales for the first time.
Once a leader in the shift from defined-benefit plans to defined-contribution plans, the tech giant is now switching employees to retirement benefit accounts.
The "AFP 2023 Risk Survey" found that as the world continues to deal with the fallout from the coronavirus pandemic, treasury has an opportunity to take a seat at the table.
Prior efforts to regulate artificial intelligence in the U.S. have been fragmented, but the White House executive order released last week aims to shape and frame future efforts.
Private pension funds are not as fragile as state and municipal pensions because they have tighter regulatory rules that govern their accounting and contribution rate requirements, according to Equable Institute.