Private Pension Quotes & Sayings

According to the American Lung Association, the average smoker dies seven years earlier than the average nonsmoker, which means that smokers pay into Social Security and private pension funds for all of their working lives but then don't stick around very long to collect the benefits. — Charles Wheelan

Careful economic research has shown public-sector workers receive a level of compensation, pension benefits, and retiree health coverage in excess of what comparable workers in the private sector enjoy. In some instances, the total premium can be 30 percent or higher. — Bob Beauprez

Presently Arnaud folded the paper napkin, in the same careful way he always folded a table napkin, and said I ought to follow Chantal's suggestion and get a job in teaching a nursery school. (So Maman had mentioned that to Mme. Pons, too) I should teach until I had enough working time behind me to claim a pension. It would be good for me in my old age to have an income of my own. Anything could happen. He could be killed in a train crash or called up for a war. My father could easily be ruined in a lawsuit and die covered with debts. There were advantages to teaching, such as long holidays and reduced train fares.
"How long would it take?" I said. "Before I could stop teaching and get my pension."
"Thirty-five years," said Arnaud. "I'll ask my mother. She had no training, either, but she taught private classes. All you need is a decent background and some recommendations. — Mavis Gallant

If you've been frugal during your life and tried to save, you're penalised by the tax system. You pay tax on your wages, your savings and even your private pension. — Geoff Capes

Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings. — Sander Levin

The system is not intended as a substitute for private savings, pension plans, and insurance protection. It is, rather, intended as the foundation upon which these other forms of protection can be soundly built. Thus, the individual's own work, his planning and his thrift will bring him a higher standard of living upon his retirement, or his family a higher standard of living in the event of his death, than would otherwise be the case. Hence the system both encourages thrift and self-reliance, and helps to prevent destitution in our national life. — Dwight D. Eisenhower

Gays have become colossal bores. Once interesting and iconoclastic, all they seem to crave nowadays is the State's pension and seal of approval. They ought to go back to the days of the Stonewall Riots, when the police's violations of privacy and private property were the object of their anger and activism. — Ilana Mercer

Another leading senator that I degraded was Caligula's horse Incitatus who was to have become Consul three years later. I wrote to the Senate that I had no complaints to make against the private morals of this senator or his capacity for the tasks that had hitherto been assigned to him, but that he no longer had the necessary financial qualifications. For I had cut the pension awarded him by Caligula to the daily rations of a cavalry horse, dismissed his grooms and put him into an ordinary stable where the manger was of wood, not ivory, and the walls were whitewashed, not covered with frescoes. I did not, however, separate him from his wife, the mare Penelope: that would have been unjust. — Robert Graves

It's clear to me when you do private equity well, you're making companies more efficient and helping them grow and become more profitable. That success means our investors - such as public pension funds - benefit, which contributes to the economic wealth of society. — David Rubenstein

Much of American wealth is an illusion which is being secretly gnawed away and much of it will be completely wiped out in the near future ... So what is the rest of your future? A grisly list of unpleasant events
exploding inflation, price controls, erosion of your savings (eventually to nothing), a collapse of private as well as government pension programs, and eventually an international monetary holocaust which will sweep all paper currencies down the drain and turn the world upside down. — Howard Ruff

Unbeknownst to most American investors, significant portions of their public pension, mutual fund, life insurance and private portfolios are comprised of stocks of privately held companies that partner with state sponsors of terror. — Frank Gaffney

I have told the reader that Tim Gamelyn's father was a retired non-commissioned officer who lived near Dublin on a small private income and a pension. — Forbes Alexander Phillips

Some of the structural drivers of inflation have also weakened. Trade unions have become less powerful. Loss-making state industries have been privatized. But, perhaps most importantly of all, the social constituency with an interest in positive real returns on bonds has grown. In the developed world a rising share of wealth is held in the form of private pension funds and other savings institutions that are required, or at least expected, to hold a high proportion of their assets in the form of government bonds and other fixed income securities. In 2007 a survey of pension funds in eleven major economies revealed that bonds accounted for more than a quarter of their assets, substantially lower than in past decades, but still a substantial share.71 With every passing year, the proportion of the population living off the income from such funds goes up, as the share of retirees increases. — Niall Ferguson

Pension funds, endowments, and private investors trust Mitt Romney's former company Bain Capital enough to hand it billions of dollars in assets. — Ronald Kessler