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Allison Schrager: The UAW Is Wrong About Pensions

The old-fashioned defined-benefit plan is not the best fit for the modern economy. Shawn Fain, the president of the United Auto Workers union, wants to bring back the old-fashioned pension. That would be a mistake — both for the auto industry and its workers. There are good reasons that defined-benefit plans are increasingly rare, and trying

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Posted: September 6, 2023 Wednesday 06:30 AM