US - The pension relief bill President George Bush signed in December shaved some US$16bn off potential pension contributions for employers in 2009, but companies still face a staggering $108bn in likely pay-outs, a Watson Wyatt report finds.
Senior retirement consultant Alan Glickstein said the Worker, Retiree and Employer Recovery Act of 2008, signed on December 23, does not go far enough in helping businesses deal with the rising cos...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
