The bottom line is that the problem has definitely gotten worse. If this goes on much longer, it's not going to be just an investor concern, it's going to be a retiree concern.
Quotes about retiree (16 Quotes)
What precipitated the SL crisis (is that) depositors had the right to go into the SL and demand their deposits back today. The (agency's) deficit would be paid out decades into the future. A retiree can't go to the (agency) and say, 'Give me my money today in a lump sum,'
The shortage of employees is due to sales growth and retiree replacement. There also have been misperceptions about the dealership work environment. Dealerships have become high-tech facilities requiring highly skilled staff and needing top-notch employees with computer and technical skills. Today's new vehicles are very sophisticated and so are our customers. Internet savvy consumers do research before visiting the dealership and demand first-class service and attention.
There was some movement on the part of the company in insurance premiums and deductibles, as well as caps on premium costs. Boeing offered the establishment of a committee to find ways to reduce retiree health care costs for future hires.
Despite a favorable backdrop of relatively high employment and low financing rates, U.S. automakers, in our opinion, will collectively lose market share to foreign manufacture again in 2006, particularly in the luxury vehicle category. Additionally, Standard Poor's Equity Research believes the U.S. will face margin compression on two fronts, the first as a result of higher retiree and health-care costs. The second results from a combination of rising gas prices and increased sales of crossover utility vehicles which will negatively impact sales of higher margin large SUVs.
Those with retiree health benefits should ask their former employer or union for advice.
GM has many calls on its cash, including pensions, retiree health care and Fiat's put option,
Nelson (strangely enough, a retiree from Pine City, Minn.) led us on a walk through Santa Fe's past. We saw America's oldest European church, its oldest European house and the New Mexico State Capitol, which is built to look like a kiva, the circular ceremonial structure of the Pueblo Indians. They call it the Roundhouse, ... You can chase your legislator around all day without catching him.
Right now you have different choices for different classes of people. No one's challenging that. The law ... just deals with uniformity for retiree benefits, not uniformity among current employees.
According to the Social Security Administration, in 1945, 41.9 workers supported each individual retiree, while today only 3.3 workers support each retiree. This system cannot continue.
The average costs of an active employee is 130,000 a year, and the average cost for a retiree before Medicare is about 50,000. The savings are enormous.
These savings are a clear positive, but retiree liability cuts are likely to see some almost immediate offsets, from ongoing health care inflation, possible Delphi liability assumption and falling long-term rates.
He didn't make a very good retiree. He always had a Type-A personality.
A lot of today's workers look at today's retirees and say, 'They seem to be in good shape, and I'm making more than Mom and Dad were making, so I should be in good shape, too,' What they're totally failing to realize is that the generation of people retired today by and large had benefit plans and retiree health plans that are being increasingly cut back today.
Latinas' life expectancies are relatively long. When a current retiree hits 65 and begins receiving her benefit check, she can expect to live another 22 years. That life expectancy is higher than white women or men.
The problem with retirees is once you're a retiree, you're no longer a member of a collective bargain agreement.