Saturday, November 25, 2023

The Pension: That Rare Retirement Benefit Gets a Fresh Look

The Pension: That Rare Retirement Benefit Gets a Fresh Look

Article Excerpt: "...In an economy characterized by a volatile stock market and elevated inflation, a sure thing looks better than ever. For some Americans in the labor force right now, that looks like a pension. Striking members of the United Automobile Workers union made waves this year when the union’s leaders demanded the reopening of defined-benefit pension plans for workers hired after late 2007. Although U.A.W. leadership failed to persuade automakers to reopen the plans...Only about one in 10 Americans working in the private sector today participates in a defined-benefit pension plan..."



Resource: www.nytimes.com

Defined-benefit pension plan,Pensions,