Sean Schuback, a 15-year veteran of Verizon, arrived at work one morning last December to unsettling news: A company e-mail sent the night before announced that the telecommunications giant was freezing its pension plan. The traditional pension, also known as a "defined-benefit plan," is...... -
Retirement, Squeezed
Sean Schuback, a 15-year veteran of Verizon, arrived at work one morning last December to unsettling news: A company e-mail sent the night before announced that the telecommunications giant was freezing its pension plan. The traditional pension, also known as a "defined-benefit plan," is......-
By Kathleen Day