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Fewer Execs Compensated with Pensions or SERPs
HR Daily Advisor Link to more items from this source
Nov. 3, 2014
"Nearly three-quarters of newly hired corporate executives are now treated like their rank-and-file when it comes to retirement benefits, with few being offered the traditional 'top-hat' defined benefit plan that used to be as common as a company car and stock options for senior managers.... Most of the Fortune 100 companies that closed or froze their qualified DB plans now provide DC-style retirement benefits to executives in the form of 'restoration plans,' which are nonqualified plans that restore benefits lost under qualified plan limitations imposed by the federal tax Code such as annual compensation and contribution caps."

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