The Evolution of Retirement Benefits: Why Employers Don't Offer Pensions Anymore

Retirement benefits have undergone significant changes over the past few decades, with traditional pension plans becoming less common in the modern workforce. Employers have shifted towards offering alternative retirement savings options, such as 401(k) plans, but many employees still wonder why pensions are no longer the norm. In this comprehensive guide, we'll explore the reasons behind the decline of pension plans and the rise of alternative retirement benefits.