lat@stcvax.UUCP (05/31/84)
>> ... Right now a big issue about retirement funds ... is equal >> retirement pay. They argue that: since women (on the average) >> live longer than men, their retirement pay should be lower so >> the average total pay is equal... > ... > Basic premise: you gets out what you puts in. If you want it all at > once, you get the same amount. If you want it over a fixed period, you > get the same amount. If you want it over your remaining life expectancy, > thems that's expected to live longer gets a little less each time. > > Judges and the ACLU need some basic courses in math and common sense. Black people don't live as long as white people. However, we have heard no proposals from the companies handling retirement benefits that blacks should receive higher payments than whites. The point is simply that if such companies want to adjust benefits based on particular criteria, they have apply those criteria to all classes of beneficiaries. -- {decvax, hao}!stcvax!lat Larry Tepper {allegra, amd70, ucbvax}!nbires!stcvax!lat 303-673-5435