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Tag Archive: history of traditional pension plans

Death of the Traditional Pension Plan

Death of the Traditional Pension Plan

Written By: Cal Burgess, Retirement Servicing Group PLLC The traditional pension plan is a concept from the past that is likely to never come back to the American culture. The concept of the pension plan is ingrained into the fabric of our country’s roots, and Generation X is going to be the first generation in US history that will not experience the benefits of this retirement plan. Through adamant deregulation of the investment banking industry from the early 1980s throughout the 1990s, deteriorating market conditions...

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