Disappearing pensions hurt U.S. economy as well as workers

2016-04-27T17:10:03-07:00April 27th, 2016|Categories: Defined Benefit Plans|Tags: |

Retirement has taken a back seat to corporate profitability for more than 40 years as the United States has embraced the reduction of pensions, and now the U.S. economy is paying the price with lowered productivity. Without pensions, older workers are being forced to work longer hours and stay in the workforce longer, and that means they’re squeezing out some of the most productive workers of all, known as core workers, according to a study by the University of Paris-Sorbonne. […]