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Are Pensions Destined for Retirement?
U.S. News & World Report Link to more items from this source
Apr. 11, 2006
Excerpt: Many companies freeze pensions in an effort to cut compensation, citing competition from companies in countries where the government provides many pension benefits and from U.S. companies that don't offer defined-benefit plans. Companies also freeze pensions to eliminate the risk that they won't be able to fulfill their obligations, as employees live longer and draw benefits, sometimes for decades, in retirement.

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