BNA Daily Report for Executives, October 31, 2008
“Given the current economic conditions, employers certainly will be looking for ways to reduce costs,” Ilana Boivie, policy analyst with the Institute, told BNA. The research brief’s findings are “contrary to expectations, and probably not the desired result especially during tough times,” she said.
The brief cited the “costs and complexities” of freezing defined benefit plans and switching to defined contribution plans, maintaining two plans resulting in more costs than the cost of just operating one plan.
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