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Business Briefing / AEROSPACE

Boeing alters retirement plan

June 25, 2008|From Times Staff and Wire Services

Boeing Co. said it was changing its retirement program for new, nonunion workers, replacing its traditional pension plan with one that's similar to a 401(k) plan.

The new program, to be introduced Jan. 1, won't affect the more than 525,000 current or former employees or retirees already in the company's existing plans, the Chicago airplane manufacturer said.

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