Word: pension
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...indicted for war crimes in Bosnia and Kosovo. After Milosevic's downfall in 2000, Mladic went underground, although he was reportedly seen at several remote locations in Serbia. Since 2000. Serbian authorities insisted that they had no idea about Mladic's whereabouts, even though they continued to send his pension checks to his family, who still lives in Belgrade. So it was quite an embarrassment last week when a leaked report by Serbian military intelligence agency revealed that the army was actively protecting Mladic until at least...
...while older workers are often eager to cross such a bridge, many companies haven't built it yet. Antiquated pension rules continue to push older workers out the door by penalizing or just not rewarding service beyond a given date. Some younger workers assume seniors can't keep pace with fast-changing technology and business pressures. Many also believe older workers strain payroll and benefits packages, although a recent AARP/Towers Perrin study showed that keeping older workers costs employers just 1% to 3% more than the cost of replacing them. Half of employers make no attempt at all to retain...
...packages, software and other tools to serve older employees and the companies that employ them. But like many of its clients, the company is encountering issues presented by its own aging workers. Facing narrowing profit margins and changed employment norms, IBM announced in January that it would freeze its pension plan...
...Pensions pose some of the biggest challenges for companies that want to keep older employees. The Internal Revenue Service prohibits employers from distributing pension payments to workers still on the job. And since many companies base the size of the pension on the worker's last two years of employment, outright retirement at a career peak is much smarter financially than phasing down to a lesser-paying bridge job. While some companies rehire retirees as independent contractors, "what's more likely to happen is, people will simply leave a job and then bridge with another employer," says Ken Dychtwald...
...stories in this volume, written in her flawlessly pure and limpid prose, fully capture China's wrenching social changes. In "Extra," Granny Lin finds she has been "honorably retired" from her state-owned garment factory?which means the plant has gone bankrupt and Lin won't be getting her pension. She's lucky enough to find a new job as a maid at one of the posh new private schools sprouting outside Beijing, but it's not long before Lin discovers she has no real place in this new world. In another story, "Immortality," the rise and fall...