Hersey pension plan announcement brings out punsters
Headline writers last week took advantage of Hershey's announcement that it would be closing its defined benefit pension plan to new hires.
Here are a few examples:
CANDY: Hershey blows pension plan a goodbye kiss: St. Louis Post Dispatch
Hersey to phase out DB plan, sweeten 401(k) plan: Business Insurance
Pension Cuts Not So Sweet: Hamilton Spectator
Hershey Kisses Off Pensions: TheDay (subscription)
Most of us, I am sure, looked beyond the puns to see yet another example of the continued erosion of defined benefit plans with increased reliance by employees on defined contribution plans to fund their retirement.
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