Study: Number of Companies Ending DB Plans Rises

Jun 30 2006 | 6:26pm ET

The number of Fortune 1000 companies planning to freeze or terminate their defined benefit pension plans rose 60% in the year ended April 30, according to a recent Watson Wyatt study.

The study shows that 113 companies have or plan to have a tleast one terminated or frozen pension plan, up from 71 in2004. There are currently 627 Fortune 1000 companies have a defined benefit plan.


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