Word: pension
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...victims to make payments--briefly--to earlier ones. O'Donnell was sentenced last month to 16 years in prison after a jury in Denver convicted him on 30 counts of theft, securities fraud and racketeering. Crosson got no money back and must now work to supplement a meager pension. She watches over the houses and pets of absent homeowners in Evergreen, a wealthy suburb of Denver...
...need or even want it. A company pension, plus income from savings and investments, should keep me and my wife in comfort for however long we live. But even if I resist the temptation until 2001, I can then expect a letter urging me to apply for a Social Security pension. After age 70, there are no more restrictions: I'll be entitled to Social Security checks even if I'm still working...
...Just quit working. I'm nearly 66 and retired, but I earn too much now as a writer to qualify for a Social Security pension. If I were to loaf full time, however, I could collect about $15,000 a year...
Officially, I've earned them by paying Social Security taxes for 44-plus years. Balderdash. Those taxes wouldn't defray my pension for more than a few years--and they've already been used to pay the pensions of those who retired years and years ago. My pension, in fact, will be paid by people still...
Benefits thus must go on increasing, needed or not, even if they drive the programs paying the benefits (Social Security, Medicare) toward bnkruptcy. Moreover, there is not the slightest sign this mind-set will change. So maybe I should collect that pension after all. It's robbery, and I know it. But why should I be the only sap who spurns a share of the loot...