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Trend of handing off pension liabilities to insurers is expected to accelerate next year.
Many companies would drop 401(k) plans or consider dropping them, according to American Benefits Council survey. (Robyn Credico of Towers Watson)
Other Rust Belt states could follow Michigan's lead.
The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say.
Some small businesses, individuals are in for "premium rate shock" in 2014, Bertolini says.
Some small businesses, individuals are in for "premium rate shock" in 2014, Bertolini says.