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United Auto Workers members who were hired prior to the 2008 financial crisis have pensions, those brought on since have received 401(k) plans instead.
Outlook on work is impacted by the economic downturn of 2008 (the resulting career uncertainty and devastating impact on retirement savings). The promise of a pension. For example, a Baby Boomer on the precipice of retirement may be driven more by money: Salary increases, 401(k) contributions or bonuses. Job security.
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