Word: zemelman
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Dates: during 1990-1999
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...traditional pension at that point. The downside: by the time that person retires, the cash-balance plan will yield $138,000, vs. $180,000 under traditional plans. "The old system was designed for the iron age, when people were beholden to one company their entire life," says David Zemelman, CBS senior vice president of corporate human resources. "Now your money never stops working...
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