"I once proposed a solution somewhat tongue in cheek to the problem of pensions: turn retirement upside down ... people would be supported by society up to the age of 30. During that period they would study, travel, prepare for a profession, reproduce and give full-time care to their young ... After 30, they would work until they dropped dead or became incapacitated.
" Letter from physicist Cylon Gonçalves da Silva
to The Economist in response to this original article
on the problems of an ageing global population.
posted by rongorongo
on Jul 28, 2009 -
The man who knew too much.
"He was the CIA's expert on Pakistan's nuclear secrets, but Rich Barlow was thrown out and disgraced when he blew the whistle on a US cover-up. Now he's to have his day in court."
posted by homunculus
on Oct 13, 2007 -
(United Airlines) dumps four pension plans
[optional audio interview with Businessweek expert] ; bankruptcy court authorizes shifting of USD 5 billions (allegedly largest pension default in U.S. history) in pension obligations to the Pension Benefit Guaranty Corp.
As a result the burden of private failure and incompetency will be shared by all taxpayers (whose taxes finance PBGC which is already operating on a 23 Billion deficit
) and by beneficiaries of the pension plans who
will see their pension severely cut : pilots from 100K to 30K pensions but also less privileged workers will be hit. For instance Mrs Tamuk, spokeswoman from Association of Flight Attendants
said her pension will be reduced from $1,700 a month to $800 a month.
posted by elpapacito
on May 11, 2005 -
How safe is your pension?
(UK) 'Nine million people in this country, young and old, pay a slice of their wage into final salary occupational pension schemes. But Channel 4's economics correspondent Liam Halligan reveals that most people don't realise they have no legal right to that pension money whatsoever. And some people have lost the lot.'
Think Britain's social safety net is more secure than that of the US? Think again.
Related :- Pensions Theft
, a campaigning website set up by pensions activists, some of whom lost their pensions when their company went bust.
posted by plep
on Sep 15, 2004 -
A 401(k) is not a Pension!
In a pension plan, your employer invests some money and gives you some of it when you retire. In a 401(k), they, um, don't. Congress seems a little confused
on this issue, however. It turns out that the 401k might be more boondoggle than boon to average people planning to retire before they die.
posted by ilsa
on Apr 11, 2002 -