Employers (big and small) are increasingly finding it difficult to maintain the pension benefits offered to so many employees over the years.
In the last three years these are just some of the companies that have found the need to make changes in their pensions:
AIG
Boston Red Sox
Washington Post
United States Steel
Kodak
Lockheed Martin
Boeing
Macy’s
Allstate
And, do you remember these companies with failed pension plans?
United Airlines
Delphi
Bethlehem Steel
Us Airways
Delta Air Lines
Enron
Even retirees from the city of Detroit have experienced cuts to their pensions.
There’s a reason that many new successful companies have chosen not to offer pension plans.
When it comes time to retire or leave a company with a pension you’ll want to choose carefully. Remember, it is a lifelong decision.
To Your Best 2nd Half,
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. No strategy assures success or protects against loss.
