Word: pension
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Inside the Beltway, one answer is increasingly heard: let's get a continuing economic contribution from folks after their primary career has ended and before they start draining the system's pension and health-care assets. That's bad news if you're looking forward to a kick-up-your-heels early retirement; the financial and cultural support for a purely leisure-filled later life is drying up. But if you crave opportunities for a flexible job that you will enjoy or volunteer work that makes use of your skills and speaks to your heart, then what's good...
...little rejiggering of the pension arithmetic could improve things too. John Shoven, director of the Stanford Institute for Economic Policy Research, believes that when you start receiving a pension should be based not on how long you have been alive but on how much longer you are expected to live. By his calculations, counting back from the expected end of life rather than forward from birth would lead to reasonably delayed benefits that would boost the labor force 10% by 2050 and GDP as much as 10% a year. If those who retire volunteer at something, it bumps...
...Under the policy, the total wage benefit package is the basis of comparison, said Harvard spokesman Joe Wrinn. Total compensation includes hourly wage, paid time off, and employee benefits, like healthcare, pension, and release time for literacy classes...
...later quit the Army and was granted a temporary pension. When it ran out he got a job as an apprentice carpenter. Friends, who claim Gregg had post-traumatic stress disorder, say having to work worsened his fragile mental state. They learned only after his death that the military superannuation fund had classified Gregg as unable to work and a suicide risk...
...were supposed to be repaid - as income. He exaggerated the manufacturer's prospects, knowing his claims were untrue, which led people to buy company securities that quickly became worthless. The firm filed for bankruptcy five days after Stockman was forced out in 2005. The government has taken over employee pension obligations. Just going bankrupt has cost the company more than $100 million so far. It is a magnificent debacle. The question is how much of it is Stockman's fault. He says none...