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Cash-Balance Conversions Might Hit Older Workers Hardest But Not Necessarily
The San Diego Union-Tribune 
Dec. 30, 2002
Excerpt: Sempra, parent company of San Diego Gas & Electric, gave older workers the option of keeping their traditional plans for five years and added subsidies in cases where the conversion would have penalized employees. 'There are no 'wear aways' and you will never be worse off,' said Joyce Rowland, senior vice president of human resources at Sempra.
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