Word: retiree
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...death throes of the Benevolent Manufacturing State, however, have been costly. GM alone has paid out $103 billion in pension and retiree-health-care costs over the past 15 years. "The legacy costs were designed in an era when people retired at 65 and died at 66. We weren't wrong to give it to them 30 years ago. Now they retire early and live longer," says Conway...
...important, he says. "More than two-thirds of workers taking early retirement aren't eligible for Medicare. A lot of them didn't even want to retire," he says. UAW president Ron Gettelfinger said in the fall of 2007 that the VEBA trusts would protect the health care of retirees and eligible dependents for the next 80 years. However, that always depended on the health of the company. The promise is now suspect, says Stephen Diamond, an associate professor of law at Santa Clara University in California who has studied the auto-industry VEBAs. Last summer, the UAW allowed...
RETIRED "It's over," said Annika Sorenstam, 38, on Nov. 22 after she failed to qualify for the third round of golf's ADT Championship. Sorenstam announced in May that she would retire at the end of the 2008 LPGA season. It became official after she came just two shots...
Air-traffic controllers is one option. There's a great demand for those right now. You may remember Ronald Reagan broke up the air-traffic controllers' union, and they hired a whole bunch of people at that time. Well, that cohort of workers is getting ready to retire. Actuaries is...
“I do think the youth vote is going to change this time around,” said Timothy P. McCarthy ’93, a lecturer at the Harvard Kennedy School who studies politics and social movements. “But if I had a dollar for...