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9 things to do before terminating a pension plan

Employers have been killing off defined pension plans for years now. But terminating one isn't as easy as simply closing it down.

By Paula Aven Gladych | Updated on October 18, 2013

Employers have been killing off defined pension plans for years now.

Nearly 60 percent of companies surveyed early this year said they have either frozen accruals for all participants or closed their defined benefit plans to new entrants. Many more are likely to do the same within the next two years, the survey of senior corporate financial executives by Prudential Financial Inc. and CFO Research Services found.

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