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A Retirement Plan for All Those Avon Ladies

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By: TOM BRANNA

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Avon Products, Inc., in conjunction with MONY Benefits Service Corp., today launched a retirement savings program that will enable its 500,000 independent sales representatives in the U.S. to save a portion of their earnings in a tax-deferred retirement plan. Structured as a 401(a) retirement savings plan, it offers individuals a convenient way of saving for retirement by investing their earnings on an after-tax basis.Avon said it is the first direct selling company to offer a retirement savings...

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