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The defined benefit plan

The defined benefit plan

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Some examples of companies ending or reducing this benefit.

Companies not offering plans for new employees.

• 3M (2009)

• Northrop Grumman (2008)

• General Motors (2007)

• Chrysler (2007)

• Ford (2007)

• Alcoa (2006)

Companies that have frozen plans for managers, nonunion workers. A frozen plan allows employees to collect a pension for time already accrued, but they can't accumulate further benefits.

• The New York Times (2010)

• Verizon (2006)

Companies that have frozen pension plans for all employees.

• St. Louis Post-Dispatch (2010)

• Conde Nast (2010)

• Wells Fargo (2009)

• Motorola (2009)

• Cigna (2009)

• Hewlett-Packard (2008)

• IBM Corp. (2006)

SOURCE: Pension Rights Center, media reports

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