Business, 06.08.2019 00:20 ikramhamideh
Old thyme manufacturing offered employees a defined-benefit retirement plan, in which retirees received benefits calculated on the basis of their age, earnings, and years of service. but the company didn't keep up with technology, and its earnings fell. when the stock market dipped, the company found that it couldn't afford to keep up with paying for its retirement benefits. what protection will the retirees have in this situation?
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