Word: savingly
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...economist who moved this year from the University of Notre Dame to the New School for Social Research in New York City, she has railed for years against the decline of the traditional pension. She recently wrote a book subtitled The Plot Against Pensions and the Plan to Save Them; the less contentious main title is When I'm Sixty-Four...
...Therein lies the problem, or problems. Unlike pensions, 401(k)s are voluntary, and many workers either don't participate or don't set aside enough money to give them a shot at a comfortable retirement. Those who do save enough often bungle their investment choices. Those who choose well pay higher investment fees generally than pension funds do. Even participants in the best-run, lowest-cost retirement funds face the risk that the market will tank - as it has done this year - when they're close to retirement. At retirement comes another issue: pensions insure against the risk that...
...warned they cannot wait. "I believe that we could lose General Motors by the end of this month," said Ron Gettelfinger, head of the United Auto Workers (UAW) union, which announced Wednesday that it would be willing to sacrifice job-security provisions and financing for retiree health care to save the companies - major concessions reflecting the seriousness of the situation...
...benefits of such a move, saying, "In terms of synergies, it's debatable about how effective it would be." Wagoner said he was open to looking at it. And Nardelli said that even though it would mean he'd lose his job, "if it was the only way to save Chrysler ... then...
...auto industry execs want us taxpayers to save them? This taxpayer would really like to be able to buy a Motown-made vehicle without feeling as if I was paying twice for it, once at the car dealer's and a second time through my taxes. Richard Arrighi, Oakland, California...