At least 40% of organizations are likely to freeze or change their pension benefits because of the recession, a new poll reveals.
Changes could include: buying longer-duration bonds; increasing the funds’ fixed-income allocations; or adding investments such as swap overlays to their pension funds.
Authors of the survey by HR consulting firm Aon Corp. advise all employers to review their investments to determine whether changes would minimize their financial risk.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Make sure managers understand: They may be personally liable for racial slurs
- Use split-sample tests to gain backing for HR
- Michigan employers targeted for independent-Contractor audits
- Assess your software vendors' viability as economy lags