Employers consider returning to defined benefit pensions

As the war for talent intensifies, employers are reevaluating their benefits packages, with some considering reverting to defined benefit pensions as an affordable way to provide greater retirement security, Plansponsor reports. IBM recently reopened its cash balance plan, likely funded by the overfunded status of its frozen pension. Experts say many other sponsors have overfunded legacy plans and could similarly reallocate those assets.