Word: pay
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Dates: during 2000-2009
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...With a 401(k), contributions came out of your pay but were not taxed, and you had control of them. Contributions could be added or suspended. Best of all, when you left your company, your 401(k) traveled with you, removing a penalty for switching jobs that had been built into the pension system. On the corporate end, a change in accounting rules made the growing cost of pensions more apparent to shareholders. Cutting the pension was a guaranteed way to improve the bottom line. The rise of the 401(k) began...
...School, has proposed a plan in which the 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...
...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...
According to Dershowitz, Borukhova’s salary could not possibly have allowed her to pay Mallayev such a large lump...
...poll numbers on the decline, a visit to the Southeast Asian city where he lived for four years as a child will hardly give him the boost he needs with the American public. But given his obvious affection for Indonesia, it is not a question of if he will pay a visit, but when. "There were a lot of people planning things but the bottom line is that it was delayed and not cancelled," says business consultant Dennis Heffernan, who is planning to make a documentary about Obama's mother. "I don't think he wanted to take additional time...