Whether the retirees draw on well-funded pension plans, savings or the public dole, everything they consume must be produced by the existing work force.
12.
At a time when teams literally owned their players for their entire careers, the players began demanding such basics as a minimum salary and a properly funded pension plan.
13.
On September 12, 1972, NBC broadcast an hour-long television special, " Pensions : The Broken Promise ", that showed millions of Americans the consequences of poorly funded pension plans and onerous vesting requirements.
14.
Corporate tax will be lowered to 32 percent from the current 34 percent, and state-funded pension plans will undergo reform to discourage early retirement, while lowering the general retirement age to 65 from 67.
15.
But when prices fell, lower-income people began suffering in ways that higher-income people have not, because top executives have better information, more diversified ways to save and, above all, company-funded pension plans that are less and less available to ordinary workers.
16.
The percentage of workers who depended on 401 ( k )-style savings plans rose to 27 percent in the late 1990s from 16 percent in 1989, while the percentage who relied on company-funded pension plans fell to 7 percent from 15 percent.
17.
"The whole strategy is to buy a company with an over-funded pension plan, marry that plan to its under-funded steel company pension plan, and then monetize the investment in the steel unit, " said Ross Payne, vice president at First Union Capital Markets Co.
18.
Ellen Seidman, a special assistant to the president, said that the legislation passed in 1994 was expected to lead to more fully funded pension plans in the next decade, and " dampen down this kind of fluctuation you get with the interest rate changes ."
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