By Chuck Yanikoski
We’re well aware that when plan sponsors restructure or terminate defined benefit pensions the primary reasons are financial. But we also know that finances don’t tell the whole story, and we know that if you’re the plan sponsor, you know it, too.
Still, while all the spreadsheets and legal documents are shuffling back and forth, it’s easy to temporarily lose sight of the impact on individual plan participants. One of our goals here at CREWS is to help assure that this doesn’t happen.
Participant concerns matter for three kinds of reasons: legal, business, and moral.