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Plug pension hole by curbing traditional plan? It may not be best strategy

AUGUST 15, 2019 | by John Reitmeyer | NJ SPOTLIGHT (NEW JERSEY)

“Closing a traditional pension plan to new workers has yet to fix pension-funding problems in several states where it’s been tried, according to a new report … ‘Responsible funding of pension plans is key to managing legacy costs associated with these plans,’ the report said. ‘The experience of these states shows that changing benefits for future hires does not address an existing funding shortfall.’ …”

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