US - A report put out by the National Institute on Retirement Security (NIRS) has warned employers looking to save money by freezing defined benefit (DB) plans are actually laying themselves open to increased costs in the long term.
'Look Before You Leap: The Unintended Consequences of Pension Freezes,' looked at the potential impact on state or local government funds of freezing defined benefit schemes and switching to define...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date