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Rising costs usher in pension ‘de-risking’ cycle

Outlet: 
Hartford Business
Date Published: 
Monday, August 10, 2015

Many Connecticut workers probably think of a pension as something their parents had, or something they'll never get. Indeed, as companies have frozen or curtailed their pensions or "defined-benefit" plans, the number of Connecticut private-sector workers and retirees with a single-employer pension (519,000) has plummeted 42 percent over the last decade, federal data shows.

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