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Low Interest Rates Are The Final Straw For Many Company Pensions

Friday, May 24, 2013 - 10:24 AM
It was no small matter for the ILM Group’s executives when they froze the pension plan that has provided retirement security for the firm’s employees since 1947.

Meager interest rates are squeezing the fast-dwindling number of traditional pensions still offered by private employers, even as policymakers are searching for ways to bolster retirement savings.

Low interest rates are the final straw for many company pensions - The Washington Post
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