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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (404629)	8/6/2008 3:05:54 AM
From: Jim McMannis	Read Replies (2) of 1571927

Intel no less Companies Tap Pension Plans to Fund Executive Benefits finance.yahoo.com Little-Known Move Uses Tax Break Meant for Rank and File At a time when scores of companies are freezing pensions for their workers, some are quietly converting their pension plans into resources to finance their executives' retirement benefits and pay. In recent years, companies from Intel Corp. to CenturyTel Inc. collectively have moved hundreds of millions of dollars of obligations for executive benefits into rank-and-file pension plans. This lets companies capture tax breaks intended for pensions of regular workers and use them to pay for executives' supplemental benefits and compensation.

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