In addition, higher contributions for Medicare and Social Security are expected while 401(k)s and other self-funded retirement plans continue to replace employer-funded defined benefit plans, particularly for state and local government workers.

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Any employer that is willing to jeopardize your retirement security for its own benefit is, in my opinion, not to be trusted.

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The employer-sponsor has sought to derive a benefit from the retirement plan (which regulators have effectively sanctioned) and has tailored the plan to meet his objective.

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