Word: accountants
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Dates: during 1990-1999
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...defense attorneys have suggested is a racist and who, they say, may have planted evidence to frame Simpson. Taking the stand, Fuhrman denied engaging in a conversation about hating "niggers," as was recollected by a woman in a fax to the defense. Under questioning, Fuhrman then began a methodical account of his movements during the initial investigation-an account designed to show that he couldn't have monkeyed with evidence...
...some 1995 retirees will be the system's first losers--meaning the benefits they stand to collect will, on average, fall short of what they paid in Social Security taxes, plus the interest those taxes might have earned if the money had been invested in, say, a bank savings account...
...with disastrous effect. Legions of people take it as an article of faith that each person gets back in benefits exactly as much as he or she has paid in contributions during the working years. Some seem to think that somewhere in the depths of the system is an account bearing each person's name and number, containing the exact amount of taxes paid over a lifetime, in cash or readily cashable securities, to be paid back penny for penny on retirement. This idea lends a note of moral fervor-almost fanaticism-to the demands that benefit formulas never...
...retirement, workers would get a pension based on the amount of contributions, plus accumulated earnings, in their individual account, the way many people wrongly think Social Security runs now. It's also the way many corporate pension and savings plans work, including the ubiquitous...
...scheme, however, in that it would still require some mandatory payment into government coffers as well, which would be used to provide a safety net for indigent retirees and to guarantee benefits to current retirees and those soon to come who have not spent a lifetime accumulating a private account. But younger workers would be on notice that when they reach retirement, they will have to depend largely on what they have built up in their IRAs...