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Letter: 401(k) plans give workers control

Regarding the letter "Con Edison unfair to workers" [July 18], most U.S. companies have moved to a 401(k) retirement benefit because it puts the employee, not the company, in charge of investing the money.

You can diversify in mutual funds -- or government bonds, if you are looking for safety. You can take the plan with you when you leave.

The key for the employer is that the worker pays most of it, unlike a defined benefit pension, where the boss pays the most.

Albert J. Prisco, East Northport