Bucking what seems to be the conventional wisdom about the not-so-slow decline of defined benefit pension plans, Towers Watson's newest survey suggests that a large percentage of companies with DB benefits continue to offer them to their new employees.

The findings seem to counter months (and years) of recent news stories that organizations both private and public have opted to drop DB plans for new hires and substitute 401(k)-styled plans, if anything.

Towers Watson's survey, based on comments from 424 mid-size and large employers, found that 68 percent who currently offer DB plans to new hires say they will continue to offer those benefits for the next two to three years.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.