How Firms Trimmed Pensions

As companies have been moving away from traditional pension plans, they have been shifting employees to new retirement plans, such as 401(k)s, that transfer the cost — and the risk — to workers.

Companies have claimed for years that old-style pensions were unsustainable. Author Ellen Schultz tells Morning Edition host Steve Inskeep that there’s another explanation.

Review  by Jason Zasky

The World’s Toughest Book Critics
Kirkus Reviews

Interview with the author on the Diane Rehm Show .

Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers
amazon.com

Ellen Schultz Reveals How Companies Profit From Employee Pensions
AARP (19 Sep 11)