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Reply to "Whose non-government relatives have pensions?"
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[quote=Anonymous]Many private companies had private pensions up to the 1990’s. Many even covered health insurance. Health insurance was eliminated when Congress passed a law that required companies to account for the future costs of providing health insurance to their retirees. The unintended result was that companies decided they did not want that liability on their books. So they started eliminating offering health insurance to retirees. [/quote]
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