Retirement Plans

QUESTION: The Wall Street Journal reported last week that FleetBoston Financial Chairman Terrence Murray will receive an annual pension benefit of $5.8 million after he leaves the company at year-end and that the company will make a $3.5 million contribution to a charity of his choice. Do you consider such payments to be exorbitant and unnecessary or well within the companys prerogative?



Exorbitant/unnecessary: 53% Within the companys prerogative: 47%


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QUESTION: Should publicly traded companies be required to operate under a salary/benefits cap?



Yes: 20% No: 80%



QUESTION: Which do you expect will represent the majority of your income in retirement?



Personal savings: 73% Company pension plan: 27%



QUESTION: How confident are you that you will have the financial resources you need to live a comfortable retirement?



Very confident: 80% Not at all confident: 0% Unsure: 20%

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