A Quote by Hedrick Smith
In Western Europe, most countries have variations of the lifetime pension system for most workers so they are keeping the system that we are walking away from. By comparison, 50% of the American workforce is not offered any retirement plan by their employers. And of those who are offered a plan, roughly 25% do not choose to join. In other words, everything is voluntary, and that's one of the reasons our results are so perilous for most people.
Quote Topics
American
Any
Away
Choose
Comparison
Countries
Employers
Europe
Everything
In Other Words
Join
Keeping
Lifetime
Most
Offered
Other
Our
Pension
People
Perilous
Plan
Plan B
Reasons
Results
Retirement
Roughly
System
Those
Variations
Voluntary
Walking
Walking Away
Western
Western Europe
Words
Workers
Workforce
Quote Author
Related Quotes
Workers are most likely to save for retirement if they have access to a workplace savings plan and are automatically enrolled in that plan.
The retirement system that is in place for members of Congress and other federal workers features what is known as the Federal Employment Retirement Plan.
The most popular health care plan in the country is Medicare. It delivers the best care at the lowest cost - it's better than any other part of our health care system. But most people can only get it when they're over 65. I don't think you should have to wait that long.
The German health care system is unique in its attempt to combine competition among sickness funds on the one hand and a universal coverage plan on the other hand. Most health care systems are either one or the other, so you either have private insurance and competition but not everyone is covered for everything, or you have a single-payer system. So the ideal types are like the American system on the one hand or the Scandinavian or U.K. systems on the other end.
Germany tries to combine the advantages.
Have a plan. Follow the plan, and you'll be surprised how successful you can be. Most people don't have a plan. That's why it's easy to beat most folks.
Social Security is the foundation stone of that kind of retirement security. It not only needs to be strengthened in order to make sure it's there for younger baby boomers and Generations X and Y, but it probably needs to be strengthened and expanded because the retirement benefits now being offered by most employers are not sufficient to support middle-income Americans in their long years of retirement.
Employers, have you ever stopped to reckon what the goodwill of your workers is worth? ... In most large concerns it would be worth more in dollars and cents to have the goodwill of the working force than of those on the outside. It has been repeatedly demonstrated that the average working force is capable of increasing its production 25% or more whenever the workers fell so inclined. Workers animated by ill will cannot possibly give results equal to those of workers animated by goodwill. The tragic fact appears to be that a tremendous number of working forces are not so animated.
As history shows us, when colonization is voluntary, people will self-select better than any testing system. It’s like those foolish attempts to control immigration to American based on the traits that were deemed desirable, when in fact the only trait that defines Americans historically is “descended from somebody willing to give up everything to live there.” Willingness is the single most important test.
During my four years as treasurer, we restructured our pension system, cutting the state's unfunded liability almost by half and putting our retirement system on stronger footing.
Upon the subject of education, not presuming to dictate any plan or system respecting it, I can only say that I view it as the most important subject which we as a people can be engaged in.
Upon the subject of education, not presuming to dictate any plan or system respecting it, I can only say that I view it as the most important subject which we, as a people, can be engaged in.
It's important that the American people understand that President has proposed and passed this stimulus plan not as the end-all and be-all to our economic woes but as our bridge over troubled water until we get the finance system, the banking system working again.
We need to reorganize our entire system of retirement plan investing and to develop federal standards of fiduciary duty for pension trustees and fund managers. These require "top down" intervention. But we also need investors to look after their own economic interests, a bottom up approach to our problems that is well within our individual power to undertake.
If we are going to talk about the most recent of the "Indignados" movements in several countries of the world, including Europe, those are social movements but eventually they will evolve into political movements. This will happen because the traditional bourgeois parties have lost credibility after being the main political influence in most countries of Latin-America and Europe in the last 50 or 60 years.
Marriage is traditionally the destiny offered to women by society. Most women are married or have been, or plan to be or suffer from not being.
When I was young, many people worked for a company with a pension plan that covered them for as long as they lived. If they didn't have a pension plan, they could count on Social Security and Medicare.
Related Authors
Ari Shavit Quotes
Israeli
Reporter
Charlie Cook Quotes
American
Reporter
Christopher Michael Cillizza Quotes
American
Reporter
Daisy Whitney Quotes
American
Reporter
David Folkenflik Quotes
American
Reporter
Hank Phillippi Ryan Quotes
American
Reporter
Israel Shenker Quotes
American
Reporter
Martha Raddatz Quotes
American
Reporter
Nancy Banks-Smith Quotes
British
Reporter
Sue Johnson Quotes
British
Reporter
Sylvia Poggioli Quotes
American
Reporter
T.R. Reid Quotes
American
Reporter
