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Workers with DB plans more concerned about retirement

Cutbacks to existing plans are increasing workers concerns about retirement security.

By Paula Aven Gladych | Updated on April 22, 2014

Workers who participate in defined benefit pension plans are more concerned about their retirement than those who are in defined contribution plans, according to research by Towers Watson.

Cutbacks to existing plans increase workers’ concerns about retirement security. According to the 2013/2014 Global Benefit Attitudes Survey, 75 percent of DB plan participants whose plans have been frozen are concerned about achieving a financially secure retirement.

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