Word: wearaway
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Dates: during 1990-1999
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...battle is raging in the courts too. An age-discrimination lawsuit pending in federal district court in New Jersey charges AT&T with "wearaway," which leaves older workers caught in a cash-balance conversion toiling for years before they start earning new benefits. (The company denies the charges.) A similar case is set to go to trial next spring against Onan Corp., a subsidiary of Cummins Engine Co. Says William Carr, an attorney representing workers in the case: "These plans are a profit center." Only now, considering the outcry, companies like IBM will start to wonder whether the costs outweigh...
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