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The Scandal of Vast Inequality in Retirement Pay

Cato the Elder, a Roman senator and historian, once remarked:  “Cessation of work is not accompanied by cessation of expenses.”  For centuries, retirees have been aware of this unfortunate fact, which led them to demand and, in many cases, secure old age pensions to help provide financial security during their “golden years.”  But as indicated in a recently-released report by the Institute for Policy Studies (IPS), the financial security of retiring corporate CEOs is far, far greater than the financial security of average Americans.

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