Word: offers
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Dates: during 1990-1999
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Milosevic, meanwhile, is still maneuvering to settle the crisis on his terms. His unilateral cease-fire offer last week was followed by hints that the three U.S. Army pows he had would be freed if NATO agreed to an Easter bombing halt. NATO ruled out any suspension, and former Cypriot President Spyros Kyprianou, who flew to Belgrade to win the G.I.s' release, came home empty handed. In a classic example of wartime double-talk, Yugoslav government officials declared that "peace has been restored in Kosovo." Milosevic claimed to be "negotiating" for the Kosovars' safe return to their homes with ethnic...
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...
While consultants argue that these new plans offer a majority of workers a more flexible benefits package, opponents say it's a calculated attack on the financial security of millions of aging baby boomers just as they're entering their prime earning years, when pension accruals increase substantially. Democratic Senator Daniel Patrick Moynihan of New York has introduced a bill to require firms to provide adequate information to workers on such benefit makeovers...
Companies aren't obligated to offer any kind of pension plan, and they can terminate them altogether. As long as they do offer plans, though, they have to guarantee only accrued benefits, not any additional ones. "Employers are not setting these up for workers to suffer," argues Larry Sher, principal at PricewaterhouseCoopers. "There are trade-offs, but you have to try to strike a balance." Older workers just wish it could be a bit more delicate...
Many providers will offer this service for free as part of the monthly access charge. Sandee and Mark Larkin, owners of the Harrison, a small bed and breakfast located in Waxahachie, Texas, turned that to profitable advantage. Last year the Larkins were looking to increase business and draw weary travelers to the hotel's steps. Mark's brother suggested Big Planet (www.big planet.com) an ISP, based in Provo, Utah, that, for roughly $500, helped the Larkins set up www.harrisonbb.com a site with among other things an address and telephone number. In one year, bookings have increased 20%, and one online...