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U.S. Workers’ Retirement Benefits Slashed Heavily Since 2001
Employer contributions to pensions, 401(k)s and employee retirement benefits fell from about 9 percent of worker pay in 2001 to about 6.8 percent in 2015.
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The 401(k) is Unstable. Should Employers Try This Instead?
The standard 401(k) defined contributions retirement offering was never intended to replace defined benefits plans. It’s time for employers to try something new.