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Younger workers look for pension funding that is portable.
At least, that's how it was in the old days. These days, not many people will stick with the same employer for a lifetime. And the traditional pension, with a payout guaranteed by the boss, is a fading tradition. About 300 cash balance plans have been established by employers over the last decade. They have faced controversy this year, thanks to IBM's efforts to switch to a cash balance plan that would have slashed retirement benefits for older employees - and saved the company millions.