The ERISA Industry Committee, which represents the largest employers in the U.S., is calling on Congress to re-examine the premiums paid by companies that sponsor defined-benefit plans.
Once a leader in the shift from defined-benefit plans to defined-contribution plans, the tech giant is now switching employees to retirement benefit accounts.
IBM’s recent announcement that it is switching to a “hybrid” model of defined-benefit plan could make the case that bringing back a modern take on the classic retirement benefit could support retention in a tight labor market.
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