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Hundreds of companies made conversions to these plans in relative obscurity in the 1980's and 1990's -- until 1999, when older workers at I.B.M. realized midway through a conversion that the company was stripping them of anticipated retirement benefits often worth hundreds of thousands of dollars each.
Most state agencies prefund eighty per cent of anticipated retirement expenses, and the industry average in the private sector, for Fortune 1,000 companies, is closer to thirty per cent.
WASHINGTON -- No announcement has been made, but the widely anticipated retirement of Justice John Paul Stevens in coming weeks has the White House, Senate and lobbying groups bracing for an election-year confrontation over the future of the Supreme Court.
But in New York City as in Boston, the anticipated retirement of tens of thousands of baby boomers will create an unprecedented opportunity to move significant numbers of people into career-track jobs at family-supporting incomes.
Another factor affecting job openings, Ms. Karlgaard said, is the anticipated retirement of people in their 50s and 60s who have been on the ground floor of developing the field in recent years.
"Given that it is over 20 years until your anticipated retirement age, you are in a position to adopt a predominantly equity-based portfolio as you look to generate capital growth.
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United Airlines said yesterday it would recall 150 laid-off pilots to cover its flying schedule for the rest of the year, citing the need to offset anticipated retirements.
They bought their second home, a two-bedroom ranch, in 1980 for $58,000, renovated it, and last year moved in permanently, anticipating retirement.
Mr. Neal, the real estate agent in Arizona, said he advised second-home shoppers who were anticipating retirement to buy where they found "a sense of community" and could make friends.
There is, but only if we change our understanding of pension funds so that they are not seen as savings pots and are instead seen as investment funds to be used to generate the future wealth which those anticipating retirement hope to enjoy in their old age.
"We anticipate retirements and voluntary redundancies will make up part of the process with an emphasis on relocation within the company where applicable".
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