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Companies Doing Away with Pensions

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Companies Doing Away with Pensions

Business

Companies Doing Away with Pensions

Companies Doing Away with Pensions

  • Download
  • <iframe src="https://www.npr.org/player/embed/4212179/4212180" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A 401K savings plan is the choice of more and more corporations trying to stabilize the bottom line. Dallas Salisbury, president and CEO of the Employee Benefit Research Institute, talks about IBM's decision to jettison traditional pensions — and why the move represents the future of retirement options. Hear Salisbury and NPR's Steve Inskeep.