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Verizon to freeze defined-benefit pensions for 50,000 managers
Verizon Communications, the second-largest US phone company, announced December 5 that it will end defined-benefit pensions for 50,000 management employees in a move expected to save the company around $3 billion over the next decade.
Verizon Communications, the second-largest US phone company, announced December 5 that it will end defined-benefit pensions for 50,000 management employees in a move expected to save the company around $3 billion over the next decade.
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