Word: upon
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Dates: during 2000-2000
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Pensions? Once upon a time, American businesses funded what was known as defined-benefit plans; they were required to contribute whatever amount would guarantee a specific payout. But corporations like to be able to predict their future liabilities, and the defined-benefit approach has rapidly been replaced by the defined-contribution plan: employer and/or employee contributes X dollars, fund trustees invest it, and investment performance determines the payout. It's great in an up market, but, says Michael F. Carter, a benefits specialist with the Hay Group, a worldwide human-resources consultancy, "we're beginning to enter what I call...
...exactly right, a few of us will certainly experience: fit, healthy and well off, we will enjoy all those things--exotic travel, continuing education, 36 holes a day--that we could neither afford nor find the time for while we were raising our families. Professionally, we'll be called upon as part-time consultants by younger workers eager for the wisdom born of experience, or we will generously donate our time and skills to our favorite causes. Our children and grandchildren, so pleased with how well Mom and Pop are doing, will visit often, each time drinking thirstily from...
...Designed to lower costs by centralizing care. A member must choose a primary-care physician (PCP) from a network roster upon joining. He can visit this physician to his heart's content, unless his heart's content requires a cardiologist, in which case he'll need a referral. That's why PCPS are also called gatekeepers...
...facing the choice of backing off from the system or tearing up a key arms control agreement. When he first endorsed National Missile Defense in principle, President Clinton punted that issue three years forward pending the outcome of tests. And even though his self-imposed deadline may now be upon him, gaping holes in the testing program may create just the political cover he needs to leave the dilemma to his successor...
...once knew a Jekyll-and-Hyde alcoholic who, when sober, might walk for months in the sunshine of his good intentions and sanctimony, a paragon, one of the most respected citizens in town. But inevitably, one day, the thirst would descend upon him and he would revert to the piggy-eyed, spittle-spraying ranter we knew. He always returned to his dark side...