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ABSTRACT

December 1985, Vol. 108, No. 12

Today's pension plans:
how much do they pay?

Donald G. Schmitt
Economist, Office of Wage and Industrial Relations, Bureau of Labor Statistics


Benefit formulas in medium and large firms gave 30-year employees retiring on Jan. 1, 1984, at age 65 average monthly pensions of $385 for those who earned $15,000 during 1983.

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