Sentences with phrase «lacking company pensions»

Employees are interested in annuities and might need that guaranteed source of income as the first wave of workers lacking company pensions moves closer to retirement.

Not exact matches

That's in part due to the dwindling number of companies providing defined benefits; lack of pensions have caused many to hang in longer, said Amanda Sonnega, an associate research scientist with the University of Michigan Health and Retirement Study.

While the Pension Protection Act has required employers to allow employees with company stock in the plan to gradually diversify out of it, a recent Vanguard study of its clients showed that 8 % of employees had more than 80 % of their account balances in company stock, revealing a lack of understanding of the risks of not diversifying.