db pensions

Pensions making a comeback? Unions push for defined benefit plans in strikes

By Kristen Beckman Source: Benefits Pro Unions have asked for a restoration of defined benefit (DB) retirement plans in recent strike negotiations, signaling a renewed appetite for pensions rather than defined-contribution plans that have dominated the employer-sponsored retirement landscape for several decades. Boeing's pension, which the company froze in 2014 in favor of a 410(k) retirement plan, was central to negotiations in last year’s machinists strike, according to an analysis by the Federal Reserve Bank of St. Louis. The [...]

CORPaTH2025-03-26T12:01:28-07:00March 25th, 2025|Categories: Defined Benefit Plans|Tags: db pensions, strikes, unions|

9 Jobs That Still Offer Traditional Pensions

By Maryalene LaPonsie Source: US News & World Report For decades, workers could count on their employers to continue sending them checks even after they retired. A traditional pension – also known as a defined benefit plan – was the norm in many workplaces, but rising costs have made them a relative rarity nowadays. “The risk just became too much, I think, for employers to hold that on their balance sheet,” says Murtaza Rawat, pension actuary and risk mitigation [...]

CORPaTH2025-03-26T11:58:50-07:00March 19th, 2025|Categories: Defined Benefit Plans|Tags: db pensions|

Are we going to be OK in retirement without healthy defined benefit pensions?

By Mary Teresa Bitti Source: Financial Post Are we going to be OK in retirement without healthy defined benefit employer pensions? This is the question Anthony, 54, and Deirdre, 53, are trying to answer. “The only reason my parents were able to retire is because they both had defined benefit pensions that pay them a good regular income,” said Anthony. “My wife has worked part time most of her adult life to better care for and raise our children. [...]

CORPaTH2025-01-21T11:35:12-08:00January 15th, 2025|Categories: Retirement|Tags: db pensions|

DB Pensions Are Financially Advantageous for Employers: JP Morgan Exec

By Justin Mitchell Source: FundFire The following text is a transcript of a portion of a speaker's presentation made at an industry conference or during an interview. This transcript solely represents the view of the individual who spoke, and not the view of FundFire or any other group. JUSTIN MITCHELL, SENIOR REPORTER, FUNDFIRE: Today we are speaking to Jared Gross, the Head of Institutional Portfolio Strategy for JP Morgan Asset Management. You wrote a recent paper where you made [...]

CORPaTH2023-03-10T16:50:13-08:00March 10th, 2023|Categories: Defined Benefit Plans|Tags: db pensions, JP Morgan Asset Management|