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Beware of Calls by CEOs for Social Security Cutbacks
The [Albany NY] Times Union
[Opinion] Jan. 3, 2013 "While America's CEOs have been fretting about the fiscal cliff, millions of American workers face a financial disaster that gets much less media attention. There's a half-trillion-dollar deficit in the nation's worker retirement benefits. The Great Recession, which decimated retirement assets, played a big role in building this lesser-known cliff. They siphoned pension assets for profit-boosting purposes. When the pension deficits started to balloon, many corporations responded by slashing benefit programs.... And the same CEOs who have contributed to rampant retirement insecurity are now calling for cuts to these benefits." MORE >> |
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