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The pension started investing in private equity in 1980.
"I started work in 1948 when the state basic pension started.
After just 14 years in the House, his Congressional pension started when he was defeated in 1972.
Similar(53)
Even if the deceased person has not yet retired, the pension starts straight away.
Our pension plan this year is up dramatically and, if the discount rate rises, all of a sudden our pension starts to look pretty darn good.
Mr. Mozilo, who was scheduled to retire in December, when he turns 68, was due to receive a $3 million-a-year pension starting in 2007.
OCCUPATIONAL pensions started in the civil service and then spread to the private sector.
The process of pushing employees into their workplace pensions started last October but is now gathering real momentum.
But overambitious investments in overseas hotels and resorts, coupled with soaring costs for personnel and pensions, started to weigh down JAL, which was privatized in 1987.
But once the money dedicated to pensions starts being depleted faster than it is replenished, financial problems are likely.
If the first tap is turned off, the government will not be able to pay salaries and pensions starting in July.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com