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Although there is no law
requiring employers to contribute to the plan, many employers 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 the company's 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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