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Retirement in Transition for the Fortune 500: 1998 to 2013
Towers Watson Link to more items from this source
Sept. 4, 2014

"By year-end 2013, only 24% of Fortune 500 companies offered any type of DB plan to new hires, down from 60% for the same selection of employers back in 1998.... Half the pension sponsors in this analysis have adopted a hybrid plan and 57% were still offering it to new hires at the end of 2013. Certain industry sectors, as well as employers whose pensions are relatively small ... and/or well-funded, are more likely to continue offering pension plans to new hires. While the end of pension accruals represents a substantial loss for employees, most employers then contribute more to the DC plan to at least partially make up for it."

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