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No longer. Most companies eliminated defined-benefit plans providing a reliable income stream and implemented 401(k) plans that leave workers at the mercy of stock market volatility, like the kind that rattled investors this week and crushed workers in 2008.

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Work employers: Hospitality, Four Seasons Hotels and Resorts, Sheraton, Hospitality industry, Hotels, Hilton Hotels & Resorts, Hyatt, Residence Inn by Marriott, Marriott.

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implemented 401(k) plans that leave workers at the mercy of stock market volatility

In March, Donald Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provided cash payments of $1,200 to about 150 million households needing help with day-to-day expenses.

No longer. Most companies eliminated defined-benefit plans providing a reliable income stream and implemented 401(k) plans that leave workers at the mercy of stock market volatility, like the kind that rattled investors this week and crushed workers in 2008. No longer. Most companies eliminated defined-benefit plans providing a reliable income stream and implemented 401(k) plans that leave workers at the mercy of stock market volatility, like the kind that rattled investors this week and crushed workers in 2008. No longer.