Word: voluntaryism
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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...
Details of the plan are sketchy, but Ivey says the Governor favors the approach taken by California Gov. Arnold Schwarzenegger - a proposed 90-day freeze that could conceivably give struggling homeowners the ability to renegotiate their loans to more favorable terms. However, the California plan, as envisioned by Schwarzenegger, would...
However, transition from the old benefit system to the new one isn't cheap and is stretching the financial reserves of the domestic companies. By 2020, GM, which has the largest number of retired employees, will have transferred some $23 billion to the new Voluntary Employee Benefit Association (VEBA), created...
On Nov. 27, 1978, Milk and Mayor George Moscone were shot dead by supervisor Dan White, an Irish-American Vietnam vet and former cop who had befriended Milk but opposed his agenda. Thousands of angry Milk-men filled the streets of San Francisco; their mourning turned to rioting. Diane Feinstein...
At Harvard, the Faculty of Arts and Sciences announced a hiring pause on all vacant positions yesterday. While no further changes have been announced, University spokesman John D. Longbrake wrote in an e-mailed statement that “the Harvard community needs to be prepared to absorb unprecedented endowment...