Despite the stock market's amazing rebound over the last year, the outlook on retirement plans has failed to recapture its pre-crisis glow, according to the senior finance executives responding to Treasury & Risk's 2010 Retirement Survey. Part of the reason could be that 38% of respondents say their companies will be forced to fund pension liabilities this year, with more than half facing outlays ranging from $1 million to $10 million. More than a quarter say their company has cut retirement benefits over the last year, while the ranks of those who doubt 401(k)s can adequately fund employees' retirements are slowly swelling. Meanwhile, the recently enacted healthcare reform isn't offering much respite; more than 70% of respondents predict it will increase pressures on the retirement system.
From the May 2010 issue of Treasury & Risk magazine