Word: pensioned
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...business today, and it is fundamentally changing the relationship between Americans and their jobs. For companies large and small, the phenomenon provides a way to remain globally competitive while avoiding the vagaries of market cycles and the growing burdens imposed by employment rules, antidiscrimination laws, health-care costs and pension plans. But for workers, it can mean an end to the security and sense of significance that came from being a loyal employee. One by one, the tangible and intangible bonds that once defined work in America are giving...
...commercial (his job: raking and reraking sand on a beach to smooth it out after strollers had walked by) and as a secretary at Southern California Gas Co. Sam vividly remembers the unnerving insecurity that helped inspire this week's stories on temporary workers: "No health insurance, no pension plan, no protection against arbitrary termination...
...like long-term marriages, frustrating, satisfying, boring, rewarding: familiar, anyway, and built on a rock foundation. Careers had a kind of narrative line. It began with something like apprenticeship and then, in the ideal model, proceeded through hard work and merit to raises, promotions, success and eventual retirement with pension. Seniority and experience meant something: work was as close as Americans came to the Confucian. Getting fired was a disgrace, the scarlet letter...
Bossert said that such innovations as a pension plan tied to the cost of living index and a long-term health care plan that would cover nursing-home care would definitely ease professors' fears about retiring...
That may help explain the series of rejections that followed. Clinton's first choice, Federal Appeals Court Judge Patricia Wald, declined the nomination, citing her age and reluctance to lose her pension benefits. The name of former Federal Judge Shirley Hufstedler was floated next. National Public Radio then reported that Washington lawyer Brooksley Born had been tapped. Baird and her husband first met the Clintons at an annual New Year's Renaissance Week at Hilton Head, South Carolina, some years earlier. But it wasn't until she was summoned late last year to Little Rock, initially to be vetted...