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1/27/2006: Fewer Employers Offer Pensions (Voice of America)
Excerpt: Today, fewer than 13 percent of American workers rely on pensions as their primary retirement plan. Major corporations like Verizon, Lockheed Martin, and I.B.M. have all announced they will no longer offer pensions to new employees. And earlier this year, United Airlines made news when the company announced it was defaulting on its existing pension obligations. The federal government is now assuming partial responsibility for those payments.
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