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Fidelity to end employee pension plan Change reflects push for 401(k)s
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Fidelity Investments is eliminating its traditional pension plan
for roughly 32,000 of its employees, an important symbolic move by a
company that has been at the forefront of efforts to push more
responsibility for retirement onto workers and away from companies.
The Boston mutual fund giant will instead offer workers increased
benefits in the company's 401(k) plan plus a new health-savings
credit to help pay medical expenses when workers retire, and will
allow them to roll their exis...
