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GE makes first pensions payment in 24 years

Not even one of the world's biggest companies can run a pension fund for free any more

General Electric, the US conglomerate, is set to pay into its pension scheme for the first time in a quarter of a century - ending what may be the longest company 'pensions holiday' ever.

GE, founded in 1890 by Thomas Edison, is one of the biggest companies in the world and runs one of the world's biggest pension plans, too - the 38th biggest, in fact, according to consultancy Towers Watson.

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