Word: cashes
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Dates: during 1990-1999
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...into a cozy retirement on the back of a nice, fat company pension. But last summer his employer threw a wrench into that plan. The utility converted the old-fashioned pension system, in which employees earn the bulk of benefits during their last few years, into a new cash-balance plan, in which they earn at a steadier rate throughout their careers. It sounded simple enough, but once he did the math, Schrayshuen found his future pension would be reduced by $150,000. Maybe they'll throw in a gold watch...
That disincentive, labor leaders charge, and a lower annual cost are fueling the rising popularity of cash-balance plans. Some 20% of FORTUNE 500 companies, including AT&T and Xerox, now offer these plans, which cover close to 10 million workers nationwide. Two weeks ago giant Citigroup disclosed that it too is making the changeover; the week before, CBS made the switch as part of a comprehensive benefits overhaul. Both firms are sweetening the pot with stock options to keep workers focused on performance rather than longevity. IBM is reportedly contemplating a similar change that would save $200 million...
...switch to cash-balance plans reflects an economy in which job hopping--voluntary and otherwise--is the norm. In fact, close to two-thirds of workers fare better under the plans. Here's why: each year, an employer contributes a defined amount (usually 5% to 8%) of an employee's salary into an interest-bearing account. It's more like a 401(k) savings plan than a traditional pension, which is typically based on an average final salary and total years of service. So instead of having to hang around for the long haul to reap most of the benefits...
...twists and comic nastiness, and so people will like it. But I'm still more intrigued by the scene where Arquette's Sandra, brandishing all the cash she supposedly has, hopes to fast-talk an old lady into a cheap sale...and gets directed to an ATM down the street. We break through to this bit character, one of those extras who are usually just like us, or at least as dumb, and what do we get...but more of the same...
...many reasons, _Go_ is perfect for short attention spans, which means it's perfect for its targeted audience. There's the temptation of quick cash, the constant, sensational series of shocking events and the impulsive tendencies of all the characters that make the movie difficult to resist. Doug Liman, who directed _Swingers_, makes sure the frenetic pace is smooth but not overproduced so the viewer's suspension of disbelief need only be marginal. And that's what the audience should appreciate: the perception of an appealing, dangerous reality that is within reach but still a safe distance away...