Adjust text size Small | Large

Benefits Fact

A 2010 Towers Watson analysis found that, from 1998 to 2008, the value of total retirement benefits provided to new, salaried employees in the eight industries studied declined by 19%, from 7.88% to 6.36% of pay, mostly due to a 53% drop in the value of defined benefits, from 4.19% of pay in 1998 to 1.99% in 2008. DC benefits, meanwhile, increased by 38%, from 2.89% of pay in 1998 to 3.99% in 2008.

Posted by Jackie Jackson, July 23, 2010 in Benefits Factoid.