Americans love catchy phrases and buzzwords, but sometimes such marketing tactics are nothing more than putting lipstick on a pig. That is exactly what corporations are doing when they refer to a newfangled, risky financial transaction that they have named pension de-risking. This is when companies sell off their retirees pension plans to investment funds or insurers converting what were federally protected pensions, into annuities. This has the impact of stripping defenseless older Americans of legal protections of both the federal ERISA pension law and Pension Benefit Guaranty Corporation. In addition, these annuities become subject to a variety of state laws, dependent upon where the retiree lives.
Last year, General Motors sold off 76,000 retiree pensions to Prudential Insurance and this year Verizon sold 41,000 pensions to Prudential. This is not just a GM and Verizon issue, it s a growing national crisis likely to impact all retirees. In reality, this practice is really Pension Stripping, a violent act against retirees and their earned pension funds. America’s retirees need help and real protections on the state level where insurers are regulated. Peter Hallquest
After reading an article on Common Core, I agree even more. It really cuts through all the “educanese” the state is throwing at the public and fully exposes the serious flaws with the roll-out of the curriculum. You wonder how much teaching experience the people who wrote the curriculum modules have. Is the state trying to make the state program “teacher proof” by providing a virtual script for the curriculum? The curriculum is not complete and math chairs are being forced to turn to other states for a complete scope and sequence.
Of course the test results were bad because the teachers did not know what to experts, and the kids did not have the prerequisite background and knowledge that the course they were learning pre-supposed. Also, implied in the results of the tests was that the teacher was doing a terrible teaching job. An obvious teaching bashing in the public schools. There is a terrible disconnect between the tests and what the teacher is doing in the classroom. I have been through 5 curriculum changes in my career. Never have I witnessed such confusion.
The American Lung Association wants veterans and their loved ones to know that those who served have a higher incidence of lung cancer than the general population. Veterans are urged to talk with their doctors about their risk for lung cancer; veterans who smoke or did smoke should visit lungcancerscreeningsaveslives.org.
The Lung Helpline, at 1-800-LUNG-USA (586-4872) is available seven days a week to answer questions about lung health and provide reliable information about quitting smoking. To learn even more visit www.LungNE.org. Working together, we can raise awareness about lung cancer, reduce its incidence and increase the number of survivors.
Jeff Seyler, President and CEO of the American Lung Association of the Northeast
I would like to take this time to say, job well done, Marquis!
On Monday, Oct. 21, at approximately 5 a.m., a fire occurred at the Marquis Rehab and Nursing facility.
My husband is at this facility and getting the call in the early morning hours that a fire has broken out you think only the worst while your heart sinks. I was expecting chaos when I arrived.
Like all of you, I was shocked and disgusted by the revelations in Attorney General Eric Schneiderman’s report that roughly 40 percent of the $570 million raised by non-profits in the Hurricane Sandy relief efforts have yet to be given out to storm victims. This is unacceptable and I commend the Attorney General for making public the malfeasance of these non-profit organizations in keeping the charitable donations of good people looking to help those in need for themselves.
I am proud to support City Councilman Reggie Spinello for mayor in this coming election. Mr. Spinello has been involved in our city in many arenas for many years and since elected, has proven to be an informed councilman, questioning actions of the current administration with facts to back up his reasons. He promises to restore fiscal stability to a city that has been called the most financially stressed municipality on Long Island. It is time for a change. Mr. Spinello can be that change - for the better. Vote on Nov. 5 for Reggie Spinello and his teams and let’s get the Glen Cove moving forward again!
With Election Day fast approaching I wanted everyone to know about one of the new candidates running for Glen Cove City Council, Dr. Eve Lupenko. She is running with Mayor Suozzi and his City Council team.
Now, I like her because she will bring fresh new ideas to support our mayor and the city. She is a local dermatologist in Nassau County with a practice in Garden City. She sits on numerous boards in Glen Cove and is currently a member of the CDA ( Community Development Agency) in Glen Cove and sits on the board for the Glen Cove Community Scholarship Fund.
Election Day is Tuesday, Nov. 5. I know many of us are also thinking about another anniversary approaching, that of Hurricane Sandy.
For many of us the memories are difficult ones. All the preparation before the storm, the day of the storm, and the awful aftermath. Downed trees, flooded basements, no power, no gas.
My husband and I agree with Linda Darby in her letter stating that Glen Cove deserves a thriving downtown (letter October 3, Glen Cove Record Pilot). She wrote priorities have been: “to court the developers of high-density residential projects throughout our city, leaving little effort or “political will” to concentrate on our downtown, thereby ignoring small businesses.”
It is time for a change. We endorse Team Spinello: Reggie Spinello for Mayor and the City Council Candidates running on his ticket, Hon. Anthony Gallo Jr., Pamela D. Panzenbeck, Efraim Spagnoletti, Linda A. Darby, Charles A. Bozzello, Jr. and Kristina Hauser. We believe Reggie Spinello, as mayor, and his team, have a plan for a better Glen Cove.
Dr. Alan C. Geiss and Annette Geiss
Thank you for responding to our invitation to join us at the Senior Center Conversation and Discussion group last Friday. During our conversations, topics came up for which we have no answers. Yes, we read about them in the local newspapers, or hear things by word of mouth, but they do not give us the information we are looking for.
Although you are very busy, you took the time to be there for us. Of course one of the topics which usually comes up each week lately is the Glen Cove Hospital. You discussed this in great depth and helped us to understand the situation better. Not that our frustration was completely taken away, but we do understand it better. That also goes for the topic of the movie theater in Glen Cove, which has raised many questions such as, why is it taking so long for it to reopen?
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