Pension benefits will not be offered to any employees hired after the merger.
That's the third big plan this month. This could end up being the worst year ever for defined benefit plans.
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An actuary is a business professional who analyzes the financial consequences of risk.
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- ALD
- I'm a veteran of two careers - high school math and physics teacher, retirement consulting actuary - who is now enjoying the pleasure of staying at home for my daughter. (My avatar is in honor of Will Durant, whom I consider the last true sage.)
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2 comments:
Why would Sprint-Nextel stop offering pensions?
Bottom line: to save money. Also, a lot of companies are deciding that pensions with their back-loading in favor of long-service employees are not strategically a good compensation/retention tool for today's much more mobile workforce. Companies generally feel they ways to spend their compensation dollars that more closely tie with their corporate HR goals.
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