Word: pension
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...surprise to the health-care community. "You don't need to know what's going on in the secret meetings to know the two biggest challenges are the individual mandate and costs," says Senator Sherrod Brown, an Ohio Democrat who sits on the Senate Health, Education, Labor and Pension Committee, which is convening the meetings. Obama's budget also draws some battle lines on these issues: the White House, for instance, doesn't support an individual mandate as Kennedy and Baucus do. Then there's the question of whether the program can really be shoehorned into the $634 billion...
...Wall Street, lavish pay packages have never been restricted to the top of the executive ladder. Top-performing investment bankers and traders were paid big sums because otherwise they might jump ship to a rival bank or a hedge fund. And nobody was forcing rich people and pension funds to entrust their money to high-fee private-equity firms and hedge funds. (See the top 10 financial collapses...
...University staffers who retire under the incentive program will receive one-time pension benefits equal to their annual salaries, reduced by any severance packages they had been entitled to receive. Individuals may receive the benefits as a single lump sum payment or as an annuity...
...After watching the swearing-in of our 44th President, I felt as though eight years of oppression had been lifted off my shoulders. Over the past seven years, I have lost my pension, have taken two pay cuts and every year pay more for health insurance. Please, let there be hope. Deborah Schlegel, Washington, Iowa...
...classified as “high needs.” However, the report also notes that there are a number of areas in which Massachusetts can make significant improvements. These areas include making tenure decisions meaningful, setting clear penalties for teachers with unsatisfactory evaluations, and ensuring a fair pension system. Sandi Jacobs, vice president for policy at the National Council on Teacher Quality, said the study was conducted because state policy has a real impact on teacher quality and student achievement. “A lot of policies are more harmful to teacher quality than they are helpful...