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One More Pension Freeze..Fannie Mae

fannie.jpgWinter is here and it look like it's getting colder for employees of Fannie Mae.  This company operating under federal charter,  is the US's #1 source for mortgage funding, financing one of every five home loans.

According to the Washington Post;

In addition to overhauling retiree health benefits, Fannie Mae told employees it will stop enrolling new employees in its pension plan, freeze pension benefits for those whose age and years of employment total less than 45, boost its support for a 401(k) plan, and stop contributing to an employee stock ownership plan.
Posted on Saturday, December 8 by Registered CommenterWise Owl in | Comments Off