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Lockheed Martin this week reported $500 million in projected obligations had been settled through lump-sum payments to terminated employees.

Rising premiums assessed by the Pension Benefit Guaranty Corp., combined with longer life expectancy, are prompting more employers to consider scaling back or even shutting down their defined benefit plans within the next year, according to an Aon Hewitt survey.  

Nick Thornton

BenefitsPRO

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