March 20, 2013, by
In a climate where many employers are strongly considering pension reform, Major League Baseball’s owners may eliminate defined benefit pension plans for non-uniform wearing personnel (all employees besides players and coaches). The move is being proposed, and apparently supported by the majority of owners, despite the fact that the league brings in billions of dollars in annual revenues. This proposed change serves as a reminder that profitability alone will not guarantee the continuation of defined benefit plans for an entity’s employees.
For more on MLB’s plans, go here.