Nabisco Pledges $4,000 in College Aid to Workers' Children
The R.J.R. Nabisco Corporation has announced an education-assistance program that it hopes will break down the financial barriers to postsecondary education for the children of its 35,000 employees.
In addition, the package, announced last week by the snack-food and cigarette producer, is designed to help employees improve their own work skills and to foster parental involvement in schools.
The corporation has promised to help families save for postsecondary education by providing up to $4,000 per child in matching funds. For each year of high school the child completes, the employee may contribute up to $1,000 in pre-tax dollars to a deferred-savings account. The company will then match the contribution dollar-for-dollar...
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