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Op-ed column

Debt-reduction plan threatens Social Security

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While America’s CEOs are fretting about the government’s so-called “fiscal cliff,” millions of American workers face a financial disaster that is drawing much less media attention. There’s a half-trillion-dollar deficit in the nation’s worker retirement benefits. The Great Recession, which decimated retirement assets, played a big role in building this lesser-known cliff. But many corporations could have avoided the problem by shoring up these funds during the boom years. Instead, they siphoned pension assets for ...


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