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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 ...


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