Word: retiree
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Dates: during 1970-1979
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Social security has historically been viewed as the source of retirement income--the guarantee extended by the federal government that retirement is a right; that the end of a lifetime of work does not spell sudden destitution. That vision has now become no more than an illusion--yes, retirees still receive social security payments, but the money is hardly enough to live on and in no way stretches to allow the majority of Americans to retire into their accustomed lifestyles...
THOUGH Harvard allows hourly workers to "vest" before the federal minimum of 10 years, the University is by no means generous with its pension system. The University's plan is based on credited service and a final average base wage rate taking into account the worker's social security benefits...
So, clearly, was Iacocca. "I really didn't want to retire at 54," he said. "I really didn't want to be banished from the auto scene."
In the spring of 1977, Michigan's Robert Griffin had had enough of the U.S. Senate, in which he had served for eleven years. He was depressed over the election defeat of Gerald Ford. He was upset by his loss of the job of Republican Senate leader by a single...
Trying to offset the political effects of his poor attendance record in 1977, Griffin stayed close to the Senate floor this year, to the detriment of his campaign. He is now back in Michigan attempting to make up for lost time, helped by a campaign treasury of about $1.5 million...