US. Pension freezes threaten retirement security again

A growing number of employers, including major healthcare systems like Intermountain Health, are freezing pensions, signaling a renewed shift away from guaranteed retirement income. Rising costs, longer life spans, and market volatility are driving companies toward defined contribution plans that transfer investment risk to employees. Workers now face the challenge of replacing lost pension value through higher personal savings, revised portfolio strategies, and alternative retirement products. Intermountain Health freezes pension plan for many employees Intermountain Health, a major nonprofit health system...