Small Business and Employee Retirement Savings Plans
Tuesday, February 15, 2011
by Pamela Villarreal
Over several decades, employer-provided pension plans have played a diminishing role in employees retirement incomes. "Defined benefit" plans provide a post-retirement income based on a worker's earnings history and tenure. But defined benefit pensions now cover only 20 percent of private-sector employees - just half the rate of three decades ago.