Free Online Review (908) 685-0600

New Jersey Employment, Business & Aviation Law Blog

Pension Reform in the Air?

Posted by Frank Steinberg | Jun 27, 2006 | 0 Comments

It's not news that traditional pension plans have been in decline, supplanted by contributory plans such as 401(k)'s. Apparently the trend continues. For a news report on the issue, click here.

The nation's biggest companies are continuing to move away from traditional pension plans, according to a new survey whose authors said Congress should rewrite laws to help stop the trend.

The report's authors warn that 401(k)'s may not be a good solution to attract and retain good employees or provide adequately for retirement.

A good thing to keep an eye on whether you run, work for, or are thinking of working for a company with a traditional defined benefit pension plan.

About the Author

Frank Steinberg

Frank is the founder and principal of Steinberg Law, LLC. A Jersey boy born and bred, he focuses on employment litigation and counseling, business litigation,  and aviation law. Following law school and a clerkship in the federal district court Frank spent his early career with large litigation ...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Menu