Social Security.Regarding Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs R. Eddlem's February 21 article "Weighing Benefits," even if we ignore the success of other countries that have privatized this remnant of paternalist government, we need look no further than the Texas coast for an example of successful Social Security privatization--and the best kept secret of the entire country. In the late 1970s it was becoming clear that Social Security was in financial trouble and that Congress was not dealing with it. What was less known was that local governments had an option to withdraw from Social Security and set up their own retirement programs. Galveston County developed an alternative plan that would cover all county employees. The plan included a life insurance element for employees that would protect families of deceased deceased 1) adj. dead. 2) n. the person who has died, as used in the handling of his/her estate, probate of will and other proceedings after death, or in reference to the victim of a homicide (as: "The deceased had been shot three times. employees, and a retirement element with annuities purchased from major life insurance companies. A calculated decision was made not to invest in the stock market, even though retirement income would have been higher. County employees voted three to one in favor of upon the side of; favorable to; for the advantage of. See also: favor the plan, and the Commissioners Court voted four to one to implement it on January 1, 1981. It has been phenomenally phe·nom·e·nal adj. 1. Of, relating to, or constituting phenomena or a phenomenon. 2. Extraordinary; outstanding: a phenomenal feat of memory. 3. successful ever since with a return on retirement investments of about 6.5 percent. This is at least three times the return on a like investment in Social Security right now. Each employee has an IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. that is available upon retirement, or is owned by their families if the county employee dies. Other counties have joined Galveston County in the alternate plan. Congress should hang its head in shame, and ought to more closely examine the Galveston County plan and use it as a successful model for the nation. PETER S. COLLORAFI New Hyde Park, New York New Hyde Park is a village in Nassau County, New York, United States, on Long Island. New Hyde Park continues across the New York City border as a neighborhood in the borough of Queens. The population of New Hyde Park was 9,523 at the 2000 census. |
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