Charity Pensions Lose Favor
Many groups are curbing their retirement benefits
By Brad Wolverton
Last year, the United Way of America, the umbrella group for 1,400 local United Ways, infused $2-million into its pension plan -- three times the amount it had put in three years earlier -- to ensure that it could fulfill its obligations to workers who retire in the future.
But even if the 180-person...
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