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Corporate 401(k) stinginess has already set in. GM is suspending 401(k) matching and tuition reimbursement, as is Frontier Airlines. And in a recent survey conducted by Watson Wyatt, a human-resources consulting firm, 6% of companies said they either had already cut 401(k) contributions or planned to over the next 12 months. "Do people notice their retirement benefits as much as their health care? No, they don't," says Maureen Tarantello, a Watson Wyatt senior consultant. "They deal with health benefits every time they see a doctor, but retirement is something that comes into play much later...
...given widespread corporate turmoil, perk-slashing isn't likely to stop at 401(k) plans. In the Watson Wyatt survey, a fifth of companies said they planned to eliminate or reduce training, cancel holiday parties and tighten travel policies. "These are all things about which companies say, 'Could we live without this for another year?' " says Tarantello. "But you don't want people retiring on the job. You want their hearts and minds...
...just turned 18. before this election, I did not follow politics at all and held some racist views. I volunteered briefly for Obama, knowing he offered the change our country needs. I now feel proud to have been part of this exciting milestone. Lauren K. Cichon, ST. JOSEPH, MICH...
...other cases, the rearrangement of food options in cafeterias and the practice of opting out of 401(k) plans have had “subtle, sometimes damaging, sometimes wonderfully beneficial effects on our behavior...
...that, like all institutional reforms at Harvard, the implementation of Task Force’s findings will take time.PEERING AROUNDEnglish professor and Task Force head Stephen J. Greenblatt and several other members declined to offer details on the their unreleased report, but English professor and Humanities Center Director Homi K. Bhabha, who is also a member of the Task Force, said the results of their investigation would be based on an examination of peer institutions’ arts programs, student input, and previous arts initiatives at Harvard.“We’ve been looking closely...