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Largest Private-Sector Employer in Milwaukee Area Ends Pension Contributions, Enhances 403(b) Plan Instead
Milwaukee Business Journal 
Oct. 25, 2012
"Aurora, [a network of hospitals and healthcare providers], cited three reasons for the change: (1) The cost of funding a pension plan is unpredictable because it is tied to economic and market factors.... (2) Pensions were designed for a different time, when employees generally stayed with an employer for 30 or 40 years. (3) An account-based plan ... is more popular with employees because it is more flexible for employees and helps Aurora be more competitive in recruiting and retaining employees."
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