Word: eric
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...guaranteed accounts don't have to be run by the government. The ERISA Industry Committee (ERIC), a group that represents the nation's largest employers, has proposed a system of exchanges that would allow individuals the ability to buy a guaranteed retirement account on their own. Some government regulation would be needed, but it would be a private plan...
...What the ERIC plan and others like it are essentially proposing is a form of retirement insurance. So instead of putting 6% of your salary into a 401(k) or some other investment account, each pay period you would send 6% of your check to a retirement-insurance provider. The policy would work similarly to a traditional pension in that it would provide a guaranteed monthly check equal to about a quarter of your final pay, from when you quit working until you die. Some employers might even be willing to pay the annual premium as a perk...
...carnage, there is some backing for the idea - not to mention anger and disappointment among retirees who can't really retire. Recent opinion polls show that people would be willing to give up the flexibility of a 401(k) for a guaranteed return. What's more, the fact that ERIC supports a guaranteed plan is encouraging. "Whether the 401(k) is a perfect plan or even the right plan is something that is being questioned in Congress," says Democratic Representative George Miller of California, chairman of the House Education and Labor Committee. "When you have seen the market's ability...
...Scientists have not really understood how the double helix folds to fit into the nucleus of a human cell,” said co-first author Erez Lieberman-Aiden, a researcher at Harvard’s School of Engineering and Applied Sciences and in the laboratory of Eric S. Lander at the Broad Institute. “This new approach enabled us to probe exactly that question...
...Nature’s devised a stunningly elegant solution to storing information—a super-dense, knot-free structure,” said senior author Eric S. Lander, director of the Broad Institute...