Word: pensioneer
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INSURANCE Chances are you'll need coverage longer. Many low-cost term-life-insurance policies expire and are nonrenewable when you turn 65. That's O.K. if you'll have enough savings, pension and other income to protect your surviving spouse's lifestyle. But if you'll be working out of need, your spouse may require more security. Universal and whole-life policies (which have a savings or investment component) cost more but accrue cash value as you go and are guaranteed renewable as long as you live. Reasonably priced sources include TIAA-CREF and New York Life...
RESIGNING. JANET REHNQUIST, 45, as Inspector General of the Health and Human Services Department; on June 1; amid a congressional investigation into her conduct; in Washington. the daughter of Chief Justice William Rehnquist was under fire for, among other things, seeking to delay an audit of a Florida pension fund until after the re-election of governor Jeb Bush, and possessing an unauthorized gun in her office...
...work at Harvard before the new wage and employment policies brought in by the living wage campaign. Workers, including those who have worked at the school for decades, receive poverty wages, haven’t had a raise in years and work multiple jobs to make ends meet. Their pension plan is inadequate and thereby discourages elderly workers from retiring. Yale service workers have no job security and are under constant threat of outsourcing. While wages and conditions at Harvard have improved, Yale still lags behind Harvard and other peer institutions...
...doesn’t matter that we can’t bet Social Security benefits directly on these propositions. The reality is that we already have a lot more at stake than just pension funds. The fate of our country is on the table whether we like it or not, and if we underestimate the danger of the war or misjudge the threat from Iraq, we will end up paying our bookie in blood, not dollars. That’s a scary prospect to face, but even more troubling is the fact that until we bet their money...
Married couples can also share pension plans and insurance benefits. In 1999, the Supreme Judicial Court struck down a policy that extended health benefits to partners of homosexual employees in Boston—ruling it violated the state’s legal definition of dependents because the couples were not actually married. By extending the legal definition of marriage, the state would eliminate the present discrimination...