Word: pensioneer
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...thought. After joining Shell's exploration and production unit in 1973, Markway had climbed the ranks to manage its deepwater operations in the Gulf of Mexico. He had reached an age and accumulated enough years of service to sail off into the sunset with a good pension. Both kids' college tuitions and one of their weddings were out of the way; his 46-ft. sailboat, the Sazerac, beckoned. But then Hurricane Katrina walloped his house two blocks from Lake Pontchartrain, and his plans for a clean break from his career shifted. "Suddenly, having cash outside of retirement plans began...
...utilities, education and energy, are already struggling to stanch the institutional brain drain. So, older workers want to keep working, and employers need them--crisis solved. Right? Not quite, says Deborah Russell, director of workforce issues at the AARP. Revamping retirement systems requires shifts in attitudes and bureaucratic pension rules. "It comes down to the perception that if you're 58, how much do I want to invest in you?" she says. "This is a critical issue for employers to overcome--for their own good...
...genealogical journey, Gates walked away with knowledge of five lines of his family tree, and the pension application of one of his fifth great-grandfathers, a free black who fought in the Revolutionary War. He originally had known only one line of his family tree back to the birth of his paternal great-great-grandmother in 1819, Gates said...
...authority?and an increasingly vocal disrespect for it?has gone global. Deference is dead, replaced by sniping, cynicism and an outpouring of open protest. Thanks to the Internet, every individual's gripe can now be amplified and diffused to a mass audience, whether the gripers are retired Americans whose pension benefits have been slashed or Chinese peasants who have lost their farmland to the nation's torrid industrialization. A recent WEF poll of more than 20,000 people in 20 countries revealed that public trust in national governments, the U.N. and multinational companies dropped significantly over the past two years...
...complain about being locked out of the party. "The top of the house shouldn't continue to award itself when the folks on the lower end of the ladder suffer," says C. William Jones, a retired telephone-company worker in Easton, Maryland, who was so incensed about his pension and health-care benefits being cut that he helped start a protest group called BellTel Retirees. It now has more than 100,000 members and mainly communicates online...