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D38999/24JD18JB_TE CONNECTIVITY LTD_Unclassified

来源:LM317 Electronics Components编辑:Saronix时间:2021-06-15 13:57:18

Meanwhile, the Bush Administration is pushing for IRS regulations that would allow companies to convert defined pension plans to cash balance plans, an option that critics say would be bad news for retirees. Reps. Bernie Sanders, an independent from Vermont, and George Miller (D-Calif.) have introduced the Pension Benefits Protection Act to prevent that conversion. A version has also been introduced in the Senate. Other measures favored by the administration, such as privatizing Social Security, would basically tell retirees you're on your own.”

Grass-roots groups like LRO and NRLN are a trend as an increasingly aging U.S. population comes face to face with this harsh reality. Retirement benefits that were once considered standard are rapidly disappearing, and younger workers may never see them. Today, many employers have shifted the burden of retirement savings to employees, sponsoring 401(k) and other plans that contain few, if any, protections for workers and spouses.

D38999/24JD18JB_TE CONNECTIVITY LTD_Unclassified

John Hotz, deputy director of the Pension Rights Center in Washington, a national consumer organization that focuses on pension rights for workers, retirees and their survivors, said that plans like 401(k) are fine, but they should be part of a three-legged stool for retirement funding that includes a defined pension and Social Security.”

'Injustices exist'

In recent years, he said, society's mind-set has shifted from retirement security to wealth accumulation. However, recent events such as the volatility of the stock market and the collapse of Enron and other giants, as well as the huge compensation packages that executives earn even if they leave a corporation in ruins, have caused the populace to take another look at this issue and see the injustices that exist,” Hotz said.

D38999/24JD18JB_TE CONNECTIVITY LTD_Unclassified

Hotz believes corporations have put too much emphasis on the economics of the moment” in their decisions to trim defined pension plans and health benefits. Even when times were good, companies were working hard to get out of the retirement game,” he said.

Raschke and other retirees' anger over the planned cut in death benefits motivated them to form the Lucent Retirees Organization in February. The first order of business for the group, which claims 3,700 members, was scheduling a meeting with Lucent executives over the proposed cuts.

D38999/24JD18JB_TE CONNECTIVITY LTD_Unclassified

Executive bonuses

Representing the group at an April 14 meeting at Lucent headquarters in Murray Hill, N.J., were Eli Shaff, vice president; Jim Goodman, secretary; member Herb Zydney; and Raschke. Lucent's chairman and chief executive officer, Patricia Russo, was joined at the meeting by Henry Schacht, former chairman and CEO and a current Lucent board member, along with executives from Lucent's human resources, legal and public relations staffs.

Between now and August, WPA certification will be optional. After that, new produces will need to be certified. Existing products will have to add a software upgrade to comply, but will still need to through the interoperability testing to gain full certification.

FRANKFURT AM MAIN &#151 Nur kriechend bewegen sich die deutsche Halbleiter-Umsatzzahlen wieder nach oben. Im April lagen sie leicht leicht über denen vom März und ebenfalls leicht über denen vom April des Vorjahres. Aber Vorsicht: Der Auftragseingang ist schon wieder rückläufig.

Der Zentralverband Elektrotechnik- und Elektronikindustrie (ZVEI) hat heute seine aktuellen Zahlen für den Monate April vorgelegt. Danach ist das Umsatzwachstum von 14 Prozent im Februar und 5 Prozent im März auf nur wenige Prozent im April abgerutscht. Das Book-to-Bill-Ratio fiel zum ersten Mal seit November 2002 wieder auf unter 1. Damit schrumpft die Industrie momentan wieder. Mit 0,99 liegt die Maßzahl für Wohl und Wehe der Branche zwar nur sehr knapp unter der magischen eins, aber eben auch unter den Vergleichswerten der Vormonate – im März lag das Book-to-Bill-Verhältnis bei 1,02, im Februar bei 1,03.

Die Unsicherheiten der Lage halten nach Darstellung des ZVEI an und dämpfen die erwartete Verbesserung. Eine klare Entwicklung der Book-to-Bill-Ratio sei weiter nicht festzustellen. Zudem befüchtet die Branchenorganisation, dass der Dollar weiterhin gegen den Euro an Boden verlieren könnte. Das würde die europäischen Experte verteuern und hätte laut ZVEI erhebliche” Auswirkungen auf das Wachstum.

Although ASIC design starts have dropped significantly over the past year, the good news, according to a speaker at the Memcon Boston conference Tuesday (May 13, 2003), is that growth will return to the market.

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