Pension Plans
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There is a link between “Pay Gap Widens Between Workers, Execs” (Business, Aug. 30) and “New Pensions May Violate Laws, IRS Says” (Sept. 1). If executives can force the new cash-balance pension plans on employees, the pay gap will widen further. With the pensions of senior employees reduced by 30% to 50%, we will have a substantial number of retirees who are not financially independent.
JOHN CHEVEDDEN
Redondo Beach
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