Word: retirees
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How to tell the difference between Al ("We're for the people") Gore and George W. ("I trust the people") Bush? Take a look at what each candidate says at this week's debate about how to "save" Social Security. You have probably heard that the popular program will go...
...Gore promises that when you retire, the government will take care of you: Social Security, he says, must continue to be "a compact between generations" in which today's workers pay for better lives for today's retirees. Bush says you can and should take care of yourself. He wants to transform the system into a long-term personal investment plan: You put in money now and take it out when you retire. What do you think...
...Assuming Bush substantially cuts the guaranteed benefits paid by the government each year to retirees (he has so far avoided actually saying he would do this), he can reduce the long-term cost of the program. And if the stock market continues its historical rate of return of 7 percent a year (or even if it gains a more modest 4 percent a year), such cuts would be painless because most beneficiaries would retire with more money than they would otherwise receive under the current system. Giving workers private accounts should also help boost the currently dismal national savings rate...
In 1965, in a mood of weariness, she decided to retire from foreign affairs, and became secretary general of Israel's Labor Party. When Premier Levi Eshkol died suddenly of a heart attack in 1969, the Labor Party asked her to succeed him, not only out of love but...
MIT presidents usually retire at age 65, Robert Byers, director of the MIT News Office, said yesterday. "The fact that President Wiesner is retiring is no news to any of us here at MIT," Byers said.