Word: retirees
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The Protestant work ethic is alive and more than well among older Americans. Study after study has shown what many oldsters feel in their bones: without employment, their lives go blank. They become listless and preoccupied with their frailties, real or imagined. There is a disproportionate death rate among those...
If compulsory retirement is a traumatic experience for a worker, perhaps no less trying would be a situation in which he is downgraded at the office for a decade or more. Many companies already exert subtle and not so subtle pressure on older people to get them to retire. Says...
Much of the U.S. pension system, hammered out over years of onerous labor negotiations, will have to be reviewed. This is the reason, initially at least, the AFL-CIO opposed changing the retirement age. The unions have fattened pensions and won other concessions by trading off such payments against a...
For Pepper, the bill must vividly recall another piece of legislation for the aging that came earlier in his career. When he ran for his first full Senate term in 1938, Pepper urged the passage of the "Townsend Plan," which called for a $200-a-month payment to everyone over...
But Vellucci was quick to say he has no plans to retire from the Cambridge City Council, and that he plans a vigorous campaign for this November's election. Every two years the city council elects one of its members as mayor.