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Big banks with implicit government guarantees benefit in all states of the world.
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Number two, guaranteed benefit -- it's a voucher.
You're changing the program from a guaranteed benefit to a premium support.
Retirees are wondering how the city can cut what they believed was a guaranteed benefit.
But state plans don't have such an insurance program, much less any definition of a basic, guaranteed benefit.
Richard A. Gephardt of Missouri, the House Democratic leader, said: "Democrats are for an affordable, guaranteed benefit under the Medicare program.
For people earning above the maximum annual amount subject to the payroll tax -- $80,400 this year -- the guaranteed benefit would be around 75percentt of the benefit under current law.
A wider adoption of this "combo approach" could reduce many employers' future pension liabilities, while providing the cushion of a guaranteed benefit to employees.
So when a company seeks an exemption from the mandate, it in effect seeks to deny this federally guaranteed benefit to its employees.
Are we willing to put those we should be rescuing from peril at further risk with a procedure that would produce no guaranteed benefit?
Mr. Kolbe and Mr. Stenholm said the proceeds from the investment accounts would at least make up for the cuts in the guaranteed benefit.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com