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Old 11-03-2014, 07:24 PM
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Mary Pat Campbell
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Join Date: Nov 2003
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CNA

http://www.chicagobusiness.com/artic...oreUserAgent=1

Quote:
(Bloomberg) — CNA Financial Corp., the commercial insurer majority-owned by Loews Corp., offered lump-sum payments to 11,000 former employees to encourage them to give up their pensions.

.....
CNA joins Hartford Financial Services Group Inc. in seeking to limit the risk of swelling pension liabilities, which can climb as life expectancies increase and bond yields are lower than average. Hartford, based in the Connecticut city of the same name, last week said it offered voluntary payments to about 13,500 workers who had left the company.
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