Private Sector Pension Plan De-risking and Participant Protections

This document is about the testimony provided by Karin S. Feldman of the AFL-CIO on the erosion of secure defined benefit pension plans and the risks to workers and retirees from pension de-risking strategies such as plan freezes, benefit changes, and plan terminations. Feldman expresses concerns that de-risking shifts risk from employers to employees and retirees, undermining retirement security.