By Deanna Ritchie Source: Microsoft Start Data from the Bureau of Labor Statistics indicate that just 15% of private industry employees have access to a pension, also known as a defined benefit plan. Employers began moving away from these plans in the late 1970s when the 1978 Revenue Act began allowing employees greater control over their retirement savings by using pre-tax dollars for 401(k) contributions.  Some employers saw this as a potential opportunity to reduce risk and long-term financial [...]