The American Benefits Council believes it has the answer to saving employee pension plans.

According to its research, there are only 47,000 active pension plans today, compared to 175,000 decades ago. The American Benefits Council has unveiled a six-point plan to address the ongoing, accelerated decline in defined benefit pension plans.

"There are many reasons for the long-term decline, including funding and accounting volatility, competitive pressures, employee preferences, and workforce changes," Council President James Klein said. "Recently, the decline has markedly accelerated due to the unpredictability of additional costs."

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.