Given the potential for many baby boomers to outlive their retirement savings, companies should consider adding annuities to 401(k) plans, according to a recent report by Watson Wyatt Investment Consulting.
While companies have been busy closing, freezing or even terminating defined benefit (DB) plans for employees, there is one group that still seems to have a guaranteed retirement package awaiting them: CEOs at Standard & Poor's 500 companies.
While companies have been busy closing, freezing or even terminating defined benefit (DB) plans for employees, there is one group that still seems to have a guaranteed retirement package awaiting them: CEOs at Standard & Poor's 500 companies.