WORKERS OF THE WORLD, MANAGE YOUR PENSIONS

The trend toward defined-contribution pension plans "underscores the need for employees to play an active, informed role in managing their own retirement investments," says Stephen Gould of Towers Perrin, management consultants. "Few employers today have meaningful retirement education programs."In a defined-contribution plan, the employer agrees to make a specific contribution to an employee's retirement plan, as opposed to plans that guarantee the level of benefits a retiree will receive. Of 300 large companies the firm analyzed, the number of defined-contribution plans rose to 365 in 1991 from 254 in 1982. The number of defined-benefit plans fell from 292 in 1982 to 283 this year. (Companies may have more than one plan.)

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to WORKERS OF THE WORLD, MANAGE YOUR PENSIONS
Read this article in
https://www.csmonitor.com/1991/0723/23084.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us