The majority of employers cut costs during the Great Recession by downsizing, laying people off, freezing salaries and other cutbacks, but the trend is starting to reverse.
According to data compiled by the Transamerica Center for Retirement Studies during the past five years, the past 12 months have been fairly good for businesses as employers responding to this past year's survey responded that they hadn't made any of the above cuts in the past year.
"Weathering the Economic Storm: Retirement Plans in the United States, 2007-2012" found that retirement benefits have remained relatively intact during the past five years, except for those offering defined benefit plans or traditional pension plans, which declined from 19 percent in 2007 to 16 percent in 2012.
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