Companies are finding that pension plans are far too expensive to offer, despite the tax breaks, USA Today reports. Since the beginning of the year, at least 20 companies have frozen their pension plans; by comparison, that many companies did so throughout all of 2008.

Companies have plenty of reasons why they would eliminate pensions, namely: declining profits, high funding requirements, steep investment losses over the past year, and the fact that as competitors freeze pensions, it becomes less politically uncorrect to follow in their footsteps.

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