Archive
By Staff Report
Nov. 19, 2000
From a Hewitt survey of 773 employers who were asked to indicate the criteria on which they based their defined-benefit plans:
| % of Employers | |
| Highest Average Pay | 72% |
| 5-year average | 55% |
| 3-year average | 15% |
| other (e.g., 10-year average) | 2% |
| Career Average Pay | 9% |
| Cash balance | 16% |
| Pension equity | 3% |
| Other (e.g., fixed dollar only | <1% |
Source: Hewitt Associates, LLC
Workforce, November 2000,Vol. 79, No. 11, p. 76 — Subscribenow!
Schedule, engage, and pay your staff in one system with Workforce.com.