Pension Research Council News

Wharton Professors Olivia S. Mitchell and Marshall Meyer put GE’s pension freeze/buyout in context and discuss potential fallouts: @WhartonKnows journal & podcast here.   Image courtesy of Jeff Turner.   Read More

Only 16% of the Fortune 500 still offer defined benefit plans, vs 60% 30 years ago, says Wharton’s Olivia S. Mitchell, discussing the announcement that GE will freeze pension accruals for 20K employees & offering lump sums to 100K more. Read here.http://bit.ly/2MlBmbk   Image courtesy of Chuck Miller.   Read More

GE plans to freeze defined benefit accruals of 20K workers and offer lump sum buyouts to 100K former employees, seeking to cut debt. This aligns GE with most larger US companies today as defined benefit pension plans grow rare, says Wharton’s Olivia S. Mitchell here.     Image courtesy of Chuck Miller. Read More

GE is freezing defined benefit plans for 20K workers and offering 100K former workers lump-sum buyouts, as it seeks to cut debt and risk. This is part of a decades-long trend away from defined benefit pension and toward defined contribution plans in the US, states Wharton’s Olivia S. Mitchell in conversation with Adrian Ma of ...Read More

On October 3, the FINRA Foundation awarded its highest honor, the 2019 Ketchum Prize, to Olivia S. Mitchell for her outstanding research and analysis of pensions, retirement income, and savings, and her efforts to promote financial literacy. Press release here. Read More

The Institute of Consumer Money Management recently announced a $2 million grant for studying the financial health of low and moderate income Americans near or in retirement. Prof. Mitchell, Dr. Robert Clark of North Carolina State University, and Dr. Annamaria Lusardi of George Washington University will be working together on the research. Read more about ...Read More