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AFT Retirees

Everyday Hero's foundation

gives students a boost

Reporter magazineRetired math teacher Joe Satriano started a foundation in memory of his wife, Susan, who died from breast cancer in 2006. Each year since, Satriano’s foundation has given scholarships to deserving high school students. To date, the foundation has awarded $130,000 in scholarships.

Read about Joe Satriano and his foundation

Take a peek at all our Everyday Heroes

Disappearing pensions

Former Wall Street Journal reporter Ellen Schultz details how the erosion of private sector pensions didn't "just happen." It is the result of a deliberate transfer of wealth from workers to corporate executives and shareholders —a “pension heist,” to borrow the title of Schultz's new book.

Read an excerpt reprinted in The Clarion

Information at your fingertips

Dear Marci. In this month’s column, Ernest from Toledo, Ohio, asks: “Will Original Medicare pay for me to go to a skilled nursing facility?”  Dear Marci has the answer. 

Waiting to buy long-term-care insurance adds up. Kimberly Lankford, personal finance writer for Kiplinger.com and Kiplinger's Personal Finance magazine, talks to NPR's David Greene about the shifting market for long-term-care insurance, and if it is still worth buying.

Pensionomics 2012. When retirees spend their pension checks, the money churns throughout the economy and supports jobs. American retirees spend money daily on food, medicine, housing and other essentials. The National Institute on Retirement Security (NIRS) has calculated just how important this spending is to the economy.

'Right to work' is wrong for everyone

"Right to work" has a nice feel-good ring, but that obscures what it means in practice.The basic thing to realize is that right to work is not about worker freedom, competitive business climates, fairness or any other lofty claims. It is really about limiting workers' collective voices and driving down wages; in other words, it ultimately hurts the middle class.

Read more at AFT.org 

Check out American Rights at Work for more information

If the Supreme Court overturns

health reform, retirees will pay

Pencil photoRetirees may pay more for medical care if the U.S. Supreme Court overturns the 2010 healthcare overhaul, according to the Alliance for Retired Americans. 
Passage of the health law saved money for seniors, who gained additional coverage for prescription drugs and free preventive care, among other benefits.  Should the court overturn the law, the typical senior citizen may have to pay about $20,000 more for medical care throughout the remainder of their lives.

Read the full story at Business Week

Your Money

What went wrong with the 401(k)?

It was supposed to be a supplement to Social Security and private pension plans, not the main event. Learn why the turn away from traditional pensions puts workers at risk in this month's Your Money.

Former senator goes after California seniors

Former U.S. Sen. Alan Simpson apparently didn't appreciate what the California Alliance for Retired Americans had to say about the National Commission on Fiscal Responsibility and Reform's  proposals on Social Security. Simpson, who is the commission's co-chair, sent a letter filled with bad language to the alliance in response to a flier it sent out criticizing the commission for proposed cuts to Social Security as one way to deal with the nation’s long-term deficit.

Politico has the story

Check out the alliance flier

May2012

In This Issue

AFT Retirees Everyday Hero

Disappearing pensions

'Right to work' is wrong      for everyone

If health reform is overturned, retirees will pay

Former senator goes after California seniors

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