Hugo, 45, has been laid off by his employer who is moving his job as a customer service representative to a company in India. Hugo figures he will need to work at least 20 more years. So far, he has little money in savings set aside for retirement. Hugo wants to find a job at an employer that is likely to have a pension plan. Which of the following employers would be most likely to have a pension plan?

Question

Quizplus · Accepted Answer

Unionized manufacturing firms are more likely to offer pension plans to their employees as part of their collective bargaining agreements with unions. This is because unions often negotiate for these types of benefits on behalf of their members. The other options are less likely to offer pension plans, particularly the start-up pharmaceuticals research firm, which is unlikely to have the financial resources to support such a benefit.

Hugo, 45, Has Been Laid Off by His Employer Who