Pensions Plans And Retirement Plans Are Not Being Offered Or

Pensions Plans And Retirement Plans Are Not Being Offered Or Are Being Taken Away In The Corporate World.

One of the perks being removed from the corporate world is retirement plans as some companies find they can no longer afford to fund them. As executives grow older and their pay plan increases, the amount of money promised to be placed into a pension plan grows along with it. As companies seek ways to reduce expenses this is one of the methods being used.

Some companies will continue to maintain a 401K account for the worker, for instance, but will no longer provide a company contribution. With different industrial sectors having different levels of success, many executives simply accept this change, noting they are thankful to still have their job and paycheck. Even under contracted managers several have been forced to renegotiate their contract and lose the retirement plan benefits in exchange for keeping their job.

Executives may start to rethink their dedication to their employer and one of the options available to them is a home based business. Franchising may being to look attractive as they weigh the loss of their pension plan compared to the...