"[I]t's important to keep in mind that while derisking makes perfect sense for corporations, the long-term effect of cutting DB plans isn't positive because it ultimately weakens retirement security for millions of workers anxious about retirement and at risk of succumbing to America's new pension poverty. This is why ... we need to separate pensions from businesses and have retirement money managed by large, public, well governed professional pension funds that can invest across public and private markets."

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