Word: pension
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WASHINGTON -- Admiral Frank Kelso, his pension intact, isn't the only naval officer retiring in the wake of the Tailhook scandal. Lieut. Paula Coughlin, the pilot whose charges of sexual assault launched the official investigation, is leaving the service next week, bitter because she feels her complaints were ultimately brushed off. Adding insult to injury, the Navy's personnel bureau had been claiming she owed it nearly $19,000 of a prepaid pilot bonus that she now cannot "earn" because she is leaving four years ahead of schedule. But the Navy, worried about how Kelso's and Coughlin...
...have to bridge the gap, not only between a bigger group--the Blacks--and a smaller group--the whites, not only in terms of voting, but also in terms of merging the education systems, the pension systems," Mkhiz said. "It will require a lot of resources and ingenuity...
...urging of top Pentagon officials, the Senate Armed Services Committee recommended 20 to 2 that Admiral Frank Kelso be permitted to retire with his four stars -- and accompanying pension -- intact. This despite his role in the Tailhook scandal, which remains in dispute. The full Senate is expected to agree...
...thing, the salaries at HMC in many cases exceed the salaries paid on Wall Street. A study last year in Pensions & Investments magazine indicated that private pension fund managers at the high end of the pay scale earn slightly more than $300,000 annually. That is about one third what HMC President Jack R. Meyer earned last year--even though Meyer and most pension fund managers have similar jobs and manage similar amounts of money...
...bettors put up their money, and the people who run the casino -- a bank, a brokerage house or an insurance company -- figure out ways to pass on the risks. Companies use derivatives to hedge against changes in interest rates, foreign-exchange rates and commodities prices. Mutual funds and pension funds use them to protect their stock and bond investments. Major banks, brokerage firms and insurance companies write them for customers, inventing such exotic names as forwards, caps, collars, swaps, options and swaptions. Derivatives can be as straightforward as options to buy or sell securities or as fancy as unregulated...