Lockheed to Cut Employee Benefits: Pension Changes to Affect New Workers

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Lockheed to Cut Employee Benefits: Pension Changes to Affect New Workers
The Washington Post; subscription may be required

Oct. 7, 2005

Excerpt: Employees hired after Jan. 1 will be ineligible for the company's traditional pension plan, which guarantees workers a percentage of their salaries upon retirement, and will not qualify for retiree health care benefits.

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