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Average CEO has to Make do with $253,088 in Monthly Pension Payments

Chicago Tribune

In 1998, about half of all private-sector employers in the United States offered newly hired workers a defined-benefit pension for their retirement. By 2015, that percentage dropped to just 5% , according to the consulting firm Willis Towers Watson. Nearly all private-sector workers now make do with a 401(k) plan — and the average 401(k) balance is roughly $95,000, which comes nowhere close to what the typical American will require in their sunset years...

Mentions: Equifax General Electric Willis Towers Watson