Exact(34)
The government offers a type of insurance for companies that offer pensions, but sometimes that insurance isn't enough to ensure all pensioners receive exactly what had been promised.
Very few companies offer pensions with cost-of-living adjustments.
In the past, they felt it served them well to offer pensions to attract good workers.
The agency finances its operations by charging premiums to the companies that offer pensions.
Loyalton did not plan to offer pensions to new workers, she said.
While some packages can include housing and education benefits for teachers' children, most international schools have yet to offer pensions.
Similar(26)
Backers of the measure say it will encourage more small businesses to offer pension plans to their employees.
DETROIT — General Motors may seek a deal with the United Automobile Workers to offer pension buyouts to union retirees similar to offers made recently to 42,000 white-collar retirees.
Companies that offer pension plans are now operating under an interim break that will expire at the end of the year.
Employer groups also said the new rules would help workers by prompting many companies that otherwise would not offer pension plans to do so.
The Association of British Insurers (ABI), whose members offer pension schemes, has agreed to carry out an audit of the larger schemes, some of which are charging up to 2.3% in annual management fees.
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