Word: retirees
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Where will all this lead? Companies that haven't done so already will likely move even more swiftly toward defined-contribution plans in place of defined benefits, because doing so reduces the potential scale of their future liabilities. The shift means firms will assure you, the employee, of how much...
Meanwhile, Chrysler plans to cut 25% of its 18,000 nonunion salaried workforce before Christmas. In an e-mail to employees, Nardelli said the layoffs would be handled as humanely as possible as he urged employees to retire or accept buyouts. Cash for the buyouts will apparently come from the...
Even after 10 years without a recurrence, she knew better than to ask, Why me? But I couldn't help wondering. She did everything she was supposed to. She has a mental attitude so positive, you could sell shares in it and retire. She runs at least five miles several...
It's one of Turkey's oddities that the Steag plant, the Isdemir steel factory and the Renault plant are either joint ventures with or wholly owned by an organization called OYAK, which is the military's professionally managed pension fund. Unusually for a pension fund, OYAK directly owns and...
Anyone who has watched Robert Mugabe this year, as the 84-year-old dictator of almost three decades railed against colonial phantoms while stealing an election, ruining the economy and starving his people, might be tempted to take Zimbabwe as the story of Africa. But if Mugabe is the most...