Pension balance sheets stronger in 2013
If you have a pension or expect to receive one in retirement, congratulations—you’re one of a dwindling number of Americans with access to these coveted retirement benefits. (See this from the Employee Benefit Research Institute.) Now, a new analysis by consulting firm Towers Watson contains more good news for you: The financial health of defined benefit pension plans—which took a beating during the recession—is on the mend, which makes it more likely that your employer will deliver the promised [...]