Word: pension
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...commercial came on, Mike would glower and recite the latest figure on how much campaign money ADM had given politicians who supported ethanol subsidies. Whenever the announcer said, "ADM--supermarket to the world," Mike muttered, "ADM--superbriber of the pols." What particularly galled Mike was that through his pension plan, he was an ADM stockholder. "I'm paying for this," he often said...
Mike felt emancipated. The next morning he phoned the 800 number of the pension plan. A voice asked him if he wanted to shift some of his holdings from a retirement money-market portfolio to an OTC portfolio. The more buttons he pushed, the more such talk continued. Nobody said anything about Archer Daniels Midland...
Shawn H. Duhamel, a legislative liaison for the Retired State, County and Municipal Employees Association of Massachusetts, said the COLAs would benefit about 1,700 retired public employees, many of whom do not qualify for social security and who must live on an average pension of $11,000 per year...
...Army Colonel Scott Black recently wrote that "although retired soldiers remain subject to the Uniform Code of Military Justice, they are only prosecuted by courts-martial when extraordinary circumstances are present." And senior Pentagon officials say it will be much harder to reduce Hale's rank, and consequently his pension, even if Carpino's charges are substantiated. "Once he's retired, the burden of proof shifts from him to the Army," says Korb, the former personnel chief...
With the state of Social Security already in jeopardy due to the baby boomer bulge, this is risky business. Basically, it would be the equivalent of my borrowing from a potential pension to pay rent for that perfect summer apartment. And the final product the government's betting on isn't nearly as high quality...