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Portfolio > Asset Managers

How employers raid pension plans (WSJ)

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Many of the 50 million Americans with pension plans in the United States could soon see those plans disappear. In many cases, surplus assets in plans have been used by employers to fund other endeavors. High retiree healthcare costs have also played a role. Many workplaces are converting to 401(k) plans or asking retiring employees to take smaller upfront lump sums instead of monthly payments.