Word: pension
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LOST CHECK? If you are missing a pension payment, it may be owing to mismanagement at the Pension Benefit Guaranty Corp. Last week Senators Charles Grassley and Kit Bond held hearings to determine why the agency, which has been charged with underwriting retiree pensions, allowed some serious missteps. Some former Pan Am workers received misinformation about the very existence of their benefits, and one woman received a half-million-dollar payment in error. Having trouble with a PBGC account? Call...
...Amount he embezzled from a pension fund in the early 1970s...
Karenna was only three when Gore announced he was running for Congress. After his election, the family would go back to Carthage in the summers. As she grew older, Karenna often took messages from constituents who had missed a pension check or wanted Gore to call back and pray with them. Once someone stopped the 36-year-old Congressman in a grocery-store parking lot with 11-year-old Karenna at his side. The constituent wanted to thank him for making it easier to get an organ transplant. "I was at that moment struck by how he really impacted people...
...More money: Wage increases of 12 percent and pension increases of 14 percent over the life of the three-year deal, and 100 stock options - the first such issuance in the company's history - for each union employee...
...most important hurdles to further French development is the size and conservatism of the bloated public-sector work force, which sees any change as a threat to its status and privileges. Among the perks enjoyed by civil servants: guaranteed job security, early retirement and proportionally higher pensions than those of private-sector employees. Another, related challenge is the near impossibility of reforming state institutions. Recent attempts to rejigger the antiquated tax-collection and school systems were blocked by striking civil servants and their powerful unions, costing two ministers their jobs and probably ending all serious reform attempts until...