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Pensions Are Becoming Even Scarcer and More Old-Line Industries May Default on Pension Obligations
The Christian Science Monitor 
May 17, 2005
Excerpt: The nation's private pension system is fraying and at risk of unraveling altogether. The reason: More than three-quarters of the nation's traditional private pension plans are underfunded - which means they currently don't have enough assets to cover the benefits already promised to their workers and current retirees.
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