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Insurer says it will boost its 401(k) match from 50% to 100% of the first 4% employees defer.
Move comes as company says it will halve its dividend.
Eighty percent of sponsors in LIMRA survey have pension funding levels below 90%.
Tax-preferred treatment of contributions to qualified retirement plans is still under discussion.
Pension funding and liabilities numbers change with the controversial yet permissible accounting practice of pension smoothing.