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Pensioners Beware - Brits Considering First Step Toward Slashing Pension Benefits

Pensioners around the world should take note of the controversial new legislation being considered by the UK Parliament's Work and Pensions Select Committee that would allow private businesses to cut pension costs by suspending contractual inflation-linked benefit increases. Of course, this could be just a crucial first step in the long journey toward cutting pension benefits and finally admitting that many defined benefit pension plans around the globe are nothing more than insolvent, ponzi schemes.
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