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William M. Mercer, Incorporated, is part of the Mercer Consulting Group, Inc., which provides advice and services to the management of organizations worldwide in the areas of human resources, employee benefits and compensation consulting.
Mercer reports on the use of a new Sec401(k) payout option. According to Mercer, interest is rising in the so-called pension purchase concept. Currently being offered to employees of Albany International Corp. and CAE Link, Inc., this option allows retiring employees to transfer amounts...