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Retirement Royalty: Where Workers Still Get a Pension

Traditional pensions are an endangered species. They're not extinct.

For decades now, companies have been killing off their defined-benefit pensions. Instead of the promise of a monthly check from an employer in their old age -- however long that lasts -- workers get access to a voluntary 401(k) contribution plan. Those plans sometimes come with matching contributions from employers, but all the risks of saving enough for a long retirement fall entirely on workers.