10 Benefits Your Employer Will Cut Next Year - Pensions

Companies are slashing jobs, benefits, perks--even the holiday party

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Pension freezes. Many companies no longer want to bear the burden of providing traditional pensions for employees. Sometimes companies stop allowing new employees to join the plan. Other firms promise to pay the benefits already accrued but don't allow workers to earn any additional benefits. Some 11 percent of companies have already frozen their pension plans and an additional 4 percent plan to do so in the next year, Watson Wyatt found.

Layoffs


Hiring freezes
Higher health costs
Travel restrictions
Training cuts
Canceled parties
Salary freezes
Reduced merit increases
Cut 401(k) matches