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One in Five Companies Will Consider Providing Defined Contribution Plans Only, According to Study
CFO 
Jan. 19, 2005
Excerpt: Even as the Bush Administration discusses strengthening the Pension Benefit Guaranty Corp., a growing number of companies are backing away from traditional defined benefit plans. In a study by Hewitt Associates of nearly 200 large companies, 27 percent said they will consider amending their defined benefit plan to exclude new employees from participation, and 20 percent will consider providing defined contribution plans only.
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