A defined benefit renaissance?

Article Abstract:

The preponderance of newer and more flexible defined contribution (DC) plans in the retail and high technology sectors is expected to decline once firms develop and workforces grow older. While, defined benefit (DB) pension plans have been in steady decline due to the emergence of DC, DB plans are still favored in large companies, government institutions, and unions. DBs are still the plan of choice for older employees due to their emphasis on pension coverage instead of base pay or stock options.

Commercial Banks, Investment Advice, Bank Investment Advisory Services, Usage, Demographic aspects, Defined benefit plans, Defined contribution plans

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Pension chic

Article Abstract:

A number of firms, such as Avon Products of New York and At and T of Basking Ridge, New Jersey, have traded their defined-benefit (DB) contribution pension plans in favor of improved cash balance plans. Avon's cash balance plan is a composite of a DB plan which addresses the needs of the firm in the more dynamic corporate environment of the 1990s. AT and T gave its older workers the option of receiving the best benefits by switching plans.

Telecommunications, Toiletries, Toilet Preparation Manufacturing, Telephone Communication, Toilet preparations, Management, Telecommunications services industry, Telecommunications industry, AT&T Corp., T, Compensation and benefits, Cover Story, Cosmetics industry, Avon Products Inc., AVP, Employee benefits

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