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.