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In most cases, he said, pension plans are based on pay and years of service.

Its pension plan goes back almost as far, to 1911.

But the pension plan may be gone by then, at least in its present form.

Part of the reason can be found at the nation's pension plans.

"Larry also set up a very good pension plan for the company."

In 1985, about 115,000 American companies had traditional pension plans.

"It's one important reason why only 50 percent of working Americans have any pension plan at all."

That's why you should start your own pension plan now.

Pension plans and benefits may also be subject to state law.

The company also held a conference call today on the status of its pension plan.