Word: pension
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...government regularly raids its so-called trust funds," Steve Forbes explains in a recent Forbes magazine column. "Imagine looting your employees' pension plan each year and treating the ill-gotten moneys as operating receipts." The trust fund only exists because the ratio of workers to retiree is high. A Social Security crisis will arise when the baby boomers retire. Then, the government will require more revenue to pay retirement benefits than it will accrue by taxing the nation's reduced work force...
...Social Security is a pay-as you-go pension system. Today's workers pay money into the system and that money is paid out to current retirees and other beneficiaries...
...Social Security is more than a pension system. In addition to paying benefits to retirees and their spouses, Social Security pays benefits to survivors of deceased workers and to disabled workers. All in all, benefits are paid to about 44 million Americans each year...
Nash-De Camp workers also receive health insurance, a pension plan fully paid by the company, a vacation plan and holiday pay, Biswell said...
Boycott pressure forces about 200 table grape growers to sign three-year contracts with the United Farm Workers (UFW), Chavez' labor union. The contracts ensure decent wages, medical care, a pension plan, fresh drinking water and clean toilets in the fields...