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SBC Communications Inc. is freezing its cash-balance retirement plans -- similar to those that have drawn criticism at a number of other companies -- opting instead to direct all new contributions to its traditional pension plan. The telecommunications giant's move is a rare exception at a time of great uncertainty for both employers and workers with a stake in traditional pension plans.
January 26, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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