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As he investigates Trump's aides, special counsel's record shows surprising flaws

Michigan State University

Average CEO has to make do with $253,088 in monthly pension payments

Average CEO has to make do with $253,088 in monthly pension payments

In 1998, about half of all private-sector employers in the United States offered newly hired workers a defined-benefit pension for their retirement.

By 2015, that percentage dropped to just 5%, according to the consulting firm Willis Towers Watson.

Nearly all private-sector workers now make do with a 401(k) plan — and the average 401(k) balance is roughly $95,000, which comes nowhere close to what the typical American will require in their sunset years.

By the age of 65, experts say, someone making...

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