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Sat 24 Jul, 2004 07:28 pm
I have read that many businesses have terminated their pension plans because of their cost, sometimes substituting other forms of deferred compensation (e.g., 401-k Plans).
Have any government agencies (federal, state, or local) cut or eliminated a pension plan?
Hrmm.. I know that most Federal employees have what is called a "Thrift Savings Plan" they can use. It's a lot like a 401K. They still have a pension to go with it though.
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