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By Jennifer Saba and Lisa Richwine NEW YORK/LOS ANGELES (Reuters) – AOL Inc Chief Executive Tim Armstrong tried to tamp down a backlash after he linked a cut to pension benefits with rising insurance costs due to two employees distressed babies, insisting that the Internet provider was focused on families. Armstrongs comments on Thursday during a company town hall about why it was cutting 401(k) contributions caused a fire storm on social media overshadowing positive quarterly results from AOL and marked the second recent instance when a gaffe by Armstrong left the CEO with some explaining to do. During the meeting, Armstrong singled out two unidentified employees who had babies with health issues in 2012. We had two AOL-ers that had distressed babies that were born that we paid a million dollars each to make sure those babies were OK in general, Armstrong said, according to the Capital New York, which first reported it.