Word: pensioneer
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...been dishing up food and Southern endearments for 30 years in the Capitol. Fortunately, staff members in Senator David Pryor's office, who eat at "Bernice's" every day, found out she had quit rather than be transferred, even though she was just short of qualifying for her full pension. A letter-writing campaign got her reinstated. McConnell's spokesman says "allowances have to be made" because the complainant is hearing impaired. His boss, however, had a chance to stop him but didn't. Oscar-night parties are the Publishers Clearing House of the glossy magazines, with Vanity Fair throwing...
...best protected if the government invests up to 40% of the system's funds in stocks, which have historically yielded a return of about 10%, compared with 6% from Treasury securities, the current repository of Social Security money. A second group of five panelists, including Sylvester Schieber, a Washington pension consultant, favors a system similar to Chile's. They would allow workers to create personal savings accounts funded with five percentage points of the 6.2% of paychecks currently paid in Social Security payroll taxes. The same split would apply to employer contributions, but the employer's 5% would finance...
...group of House Republicans, Indiana Representative Mark Souder urged the Speaker to consider some measures that aren't found in the texts of party orthodoxy. Last year, for instance, Republicans in Congress backed an effort to make it easier for employers to withdraw excess money from employee pension funds. Souder argued for a gesture in the opposite direction: making pensions portable, so that a worker who has been laid off can take his pension with him. Gingrich gave back "his kind of tilted-chin, inquisitive look," says Souder. To anyone familiar with the Speaker's facial English, this is something...
...said Baumohl. "If they don't, they are aware of the consequences -- that the government will go after them much more aggressively and they will get a reputation among American workers for being irresponsible with retirement savings." The 401(k) is vulnerable to fraud because rules regulating the pension plan allow employers up to 90 days to deposit employees' money into program. Already, the government has investigated 602 cases and closed 188, netting $5 million in payments. Many of these cases occurred at small- and medium-size firms, companies that are often tempted to raid 401(k) accounts to meet...
...faculty members had kept up with the changes on benefits more closely, the conflict that arose in 1994 over pension caps and retirement plans might not have happened. Going to Faculty meetings and serving on the Faculty Council can help faculty members themselves as well as contribute to the good of the University...