Labor & Economic News Blog


Monday, April 23, 2007

Pension cutback at Motorola one of a multitude

Pension cutback at Motorola one of a multitude
There are two kinds of employees working side by side in big companies:
-Those hired in a paternalistic era when pensions were common, who will get retirement payments for life.
-Those who signed on after such rich benefits disappeared, who will retire on what they can save and invest, with a little help from matching contributions from their employers.

 



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