Television News Pioneer Dedicating His Retirement to Educating Children About Fire Safety
For millions of television viewers, Dr. Frank Field has been the face of their nightly weather and science reports for nearly fifty years at the flagship stations of the NBC and CBS and UPN networks. Now in his eighties Field is trying to change the way Americans think and learn about fire safety.
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ProtectSeniors.Org Begins Lobbying for Retirees on Capitol Hill
Some 20 million retirees around the country have reportedly been deeply impacted by cuts or outright loss of healthcare benefits once promised to them by their former employer. A fast growing lobbying movement has been formed on Capitol Hill to push for passage of healthcare legislation to remedy this crisis in a vital Congressional Election Year.
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Member of Congress Says Personal Accounts and Spending Discipline Are Keys to Protecting
Social Security for all Generations
As early as 2008, the eldest baby boomers can begin receiving Social Security retirement benefits. In the years that follow, this generation’s retirement - combined with the fact that Americans are living longer - will put great pressure on our Social Security system, according to Rep. Paul Ryan (R-WI). To read more click to visit the American Retiree Opinions Page
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What the Rule of 72 says
The Rule of 72 is a finance building block anyone can use to help predict the way your cost of living will increase depending upon the rate of inflation or how your investments will grow depending upon their annual rate of return. This month we received a letter from a retiree in New Jersey speaking to its importantce.
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$200,000 In Health Care Costs for Retiree Couples
An average American couple retiring this year will need $200,000 to cover their healthcare costs for the next 20 years in retirement, not including the expense of long-term care. That alarming news is according to Fidelity Investments, which released its fourth annual estimate of retiree medical expenses on in March.
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Treasury Department Taps into Federal Employee Pension Plan to Avoid Default
With the current national debt exceeding $8 trillion, U.S. treasury officials informed Congress in February 2006 that they have been forced to suspend investments to the government’s retirement savings plan and instead draw down from the employee pension funds to avoid reaching the United States government’s national debt ceiling.
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Reports Says Medicare and Social Security Trust Running on Empty
National concerns over the financial solvency of the nation’s two of the leading entitlement programs could once again be heightened with the annual release of the Trustees Report on Medicare and Social Security. The reports, published on May 1, found that the Medicare hospital insurance trust fund could be exhausted by 2018, while the Social Security trust would be exhausted by 2040.
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What's all the genealogy hype about?
These days genealogy is gaining the attention of young and old. Searching for
information about your ancestors can not only uncover interesting family
history but in today's modern world of medical science and genetics,
genealogy can also provide answers to our own heath by looking at our
ancestor's medical conditions, state of health and what contributed to their
demise. Professional Genealogist and Historian Joan Koster-Morales joins the
staff of American Retiree with her new regular series: Genealogically Speaking.
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Doctors Say: Fish Food for Thought
The answer to keeping your brain functioning at full capacity well into old age may be as close as your local supermarket seafood counter.
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Prescription Checklist Helps in Choosing Medicare Drug Plan
During October, seniors will be receiving information in the mail about the new Medicare prescription drug benefit from both Medicare-approved private plans and from the Medicare agency.
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Teaching Retirees to Turn Their Votes Into Real Clout on Capitol Hill
Jack Cohen, has spent the last two and a half years serving as the Co-State Leader and a Congressional District Leader with the National Retiree Legislative Network in New York State. He views his volunteer efforts as an opportunity to reach out to other retirees and as a way to enlighten and inspire them on the issues on Capitol Hill.
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Standing Up To Big Brown
In May 2006, a Broward County Circuit Court jury in Florida found that United Parcel Service (UPS), the largest package delivery company in the world, had wrongfully terminated John Thigpen, a twenty-year delivery truck driver. Following a four-day trial, a jury awarded Mr. Thigpen nearly $6 million in damages finding that the delivery company had unlawfully retaliated against him for pursuing workers’ compensation benefits.
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Activist Stories
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I.B.M., General Motors and Verizon Freeze Pension Plans
As a New Year’s surprise to its employees IBM, which operates the third-largest corporate pension fund in the United States, said it would freeze pension benefits and only offer employees a 401(k) retirement plan in the future. In February General Motors the world’s largest automaker said it planned to freeze its retiree pension program, and introduce a defined benefit plan or cash balance plan, as well as make other changes in its retirement program for future retirees.
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Wall Street Says Corporations Are Burdened by Legacy Healthcare Costs
The last few years have not been kind to America’s retirees. Recent years have seen the demise of several plans in the steel and airline industries. In 2004 United Airlines cast tens of thousands of its retirees into the welfare of the federal government run Pension Benefit Guarantee Corporation, forcing pension reduction of up to 70% for some retirees.
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