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No. There is no law
requiring employers to contribute to the plan. However, many employers do choose to make
contributions because:
ý it is an added incentive for employee participation.
ý it is an attractive benefit and, thus, an effective tool to hire and keep top-notch
employees.
ý helping to ensure that its retirees live comfortably enhances the company's image among
shareholders, customers, and current and prospective employees.
ý company contributions are tax deductible. |
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