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May 31, 1996

Retiring Pension Plans

This year's race to remove pension plans for outside directors

It's strange how fads come and go and how few people remember what had been the norm only a few years ago. That is clearly the case in the current movement toward elimination of retirement benefit plans for outside directors. From the brouhaha being made by corporate reformers, one would think that pensions for outside directors were a long-entrenched phenomenon. The fact is, however, that for the most part such pensions started becoming popular only in the early 1980s.SpencerStuart, the

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