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Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (5591)	12/16/2002 7:03:34 PM
From: PartyTime	Read Replies (1) \| Respond to of 15516

And I'm sure he'll deliver a great teleprompted speech telling those workers how they gotta tighten their belts what with war and all. But he'll still assign bonuses to the close henchmen who do his bidding.

To: Mephisto who wrote (5591)	12/18/2002 12:35:57 AM
From: Mephisto	Respond to of 15516

"The new rules will make it easier for companies with traditional defined-benefit pensions, which pay a monthly sum to retirees for life, to shift to so-called cash balance plans. Under the traditional plans, pension benefits are primarily based on a worker's final, and often highest-paid, years of employment. The new plans, by contrast, build benefits evenly over the course of a worker's career. Cash balance plans are a boon to younger workers, but critics say older workers could lose as much a third of their benefits." Story: Treasury Nominee to Get Big Pension Author: DAVID CAY JOHNSTON Publication: The New York Times December 17, 2002 nytimes.com