Word: congressed
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...Brief History of the 401(k) Congress was trying to close a loophole on executive bonuses when it created the 401(k). Most companies intended 401(k)s - which were originally called salary-reduction plans but then renamed for the portion of the tax code that makes them possible - to be a perk for highly paid executives, not a pension replacement. That's because lower-paid employees probably could not afford to defer a portion of their paychecks. So companies held on to their pension systems even as they added 401(k)s, which by law they had to make...
...government would divert 5% of everyone's wages. In return, you would be guaranteed in retirement a check for 26% of your final salary every year until you died. Altman would also like to expand Social Security to pay an additional 20% of workers' final pay. It's unlikely Congress would go for that at the moment...
...heartened by the DC City Council’s promotion of equal rights for all its constituents, and we urge Congress not to meddle in local affairs despite its unrepresentative constitutional mandate...
...plausible scenario, DC would see its authority usurped—albeit legitimately. For this reason, the Constitution should be amended to rectify the problem of DC’s lack of representation, whether by granting the nation’s capitol statehood or by abolishing the current rules granting Congress the authority to veto DC’s laws. In the meantime, however, Congress should stay on the sidelines and let the progress of equal rights continue unimpeded in Washington...
...holds three long-distance world sailing records. His book, Racing a Ghost Ship, won the Scientific American Young Readers Book Award. His MIT master’s thesis on the Antarctic Krill Fishery spawned legislation in Congress to build a fisheries research vessel capable of traveling to the Antartic...