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NEWS ABOUT: retirement

Social Security Won't Get Boost in 2011

Lack of increase sets Dems up for more punishment at ballot box

(Newser) - It looks like there will be no increase in Social Security benefits for the second year in a row. The bureau plans to announce this week that inflation hasn't been high enough this year to merit a cost-of-living increase. America's 58 million Social Security recipients haven't had a raise since... More »

Cubs Manager Lou Piniella Retiring Today

Retirement moved up because of mother's failing health

(Newser) - Chicago Cubs manager Lou Piniella will end his 46-year career in baseball after today’s game. Piniella originally planned to retire at the end of the season, but announced today he must leave early to take care of his ill mother, the Chicago Sun-Times reports. “It’s not fair... More »

Gates Plans to Retire in 2011

Unless he changes his mind again

(Newser) - Defense Secretary Robert Gates has always hated Washington, and he plans to get the heck out sometime next year, he revealed today in a lengthy interview with Fred Kaplan for Foreign Policy . “I think that it would be a mistake to wait until January 2012,” he reasons. “... More »

Brett Favre Tells Vikings He's Done

Who believes this is over? Show of hands?

(Newser) - You'll excuse us if we don't break out the red headline this time, but Brett Favre has told the Vikings that he's not coming back this fall, a source close to the quarterback tells the AP . The 40-year-old reportedly called Brad Childress, and told him that his ankle has not... More »

Military Honors Retiring McChrystal

General says career didn't end as he'd hoped

(AP) - After 34 years in the Army, Gen. Stanley McChrystal left behind legions of admirers and the prospect that his reputation as a ferocious fighter would one day eclipse the costly comments that appeared in Rolling Stone. "Over the past decade, arguably no single American has inflicted more fear on... More »

Workers May Get Automatic Retirement Accounts

Democrats want all employees enrolled

(Newser) - Democrats plan to introduce legislation that would automatically enroll private-sector workers in retirement savings accounts, the Hill reports. The measure, being heavily pushed by the AARP, would apply to those whose employers don't offer 401k accounts. Workers would be able to opt out of the plan, whose backers don't expect... More »

CNN's Larry King Retiring

Host's last show will be sometime this fall

(Newser) - Larry King is calling it quits in the fall. The CNN host announced this evening that he will give up his nightly show, which has been struggling in the ratings, after 25 years with the network. "I’ll still be a part of the CNN family, hosting several Larry... More »

Boehner: Raise Retirement Age to 70

American people need to know 'we're broke'

(Newser) - House Republican leader John Boehner thinks the retirement age should be raised to 70 for those who still have at least 20 years to go in the work force. "We need to look at the American people and explain to them that we're broke," he tells the Pittsburgh ... More »

Bowties Bid Stevens Adieu on Last Day

(AP) - Bowtie-wearing lawyers and spectators dotted the Supreme Court chamber on the last day Justice John Paul Stevens sat on the bench, a nod to the retiring justice and his signature neckwear. The 90-year-old Stevens told colleagues in a letter he read from the bench that if he had "overstayed"... More »

Amanda Bynes Retires From Acting

24-year-old tweets big news

(Newser) - Onetime child star Amanda Bynes, who gained fame on Nickelodeon, has retired from acting. "I don't love acting anymore so I've stopped doing it," the 24-year-old announced at 3am yesterday—on Twitter, of course. "If I don't love something anymore I stop doing it." If she's... More »

Helen Thomas Retires Amid Fracas

White House correspondent done-in by comments on Israeli Jews

(Newser) - White House correspondent Helen Thomas retired today amid a brouhaha surrounding her comments that Israeli Jews should "go home," reports USA Today. The 89-year-old Hearst columnist had covered every administration since JFK's, but succumbed to intense scrutiny that included a White House admonition, being dropped by her speaking... More »

Doomsayers Wrong About Our Aging Population

Need proof? Take a look at Japan

(Newser) - Pessimists look at America's aging population and see nothing but doom ahead because of the strains it will put on Social Security, Medicare, and the like. They might cheer up by taking a look at Japan, where "America's future has already arrived," writes Dante Ramos. Nearly 1 in... More »

Justice John Paul Stevens Will Retire

Obama has another Supreme Court vacancy to fill

(AP) - US Supreme Court Justice John Paul Stevens, the court's oldest member and leader of its liberal bloc, says he is retiring. President Obama now has his second high court opening to fill. Stevens said today that he will step down when the court finishes its work for the summer in... More »

Bart Stupak Got Squeezed Into No-Man's Land

His decision to retire isn't surprising

(Newser) - Bart Stupak is retiring from Congress, which is not-so-stunning news to pundits:
  • Ben Smith, Politico : "It seems reasonable to take it as a sign of how difficult and unpleasant it is right now, in the House in particular, to attempt to stand in the middle." Stupak moved health
... More »

A First for Stevens: Feeling Tired on the Bench

Says he's close to making a retirement decision

(Newser) - John Paul Stevens still hasn't decided whether he's going to retire from the Supreme Court, but he admits a "novel experience" to the New York Times —feeling tired on the bench. It came during the huge decision on corporate political donations in January, when Stevens, who turns 90... More »

More Americans Living With Mom and/or Dad

Struggling economy leads kids back to empty nest, and retirees to kids

(Newser) - Even President Obama is in on this trend: A record number of Americans are living in multigenerational households as the recession forces young adults and retirees alike to move in with family. After 40 years of such households declining—from 25% in 1940 to just 12% in 1980—they’re... More »

Justice Stevens: I May Retire

Supreme Court's liberal leader says he'll leave within three years

(Newser) - John Paul Stevens would like to make a decision about retiring from the Supreme Court within the next month, he reveals in a new interview. “I still have my options open,” he tells Jeffrey Toobin in a lengthy New Yorker profile. “You can say I will retire... More »

Rep. Delahunt Is Latest Dem to Bow Out

Mass. veteran is 17th to decide against re-election bid

(Newser) - Joining 16 of his fellow House Democrats, Massachusetts Rep. William Delahunt says he will not seek re-election this fall. “It’s got nothing to do with politics,” Delahunt, 68, tells the Boston Globe . “It’s time.” And while Delahunt had to be talked into seeking re-election... More »

Evan Bayh Calls It Quits

Indiana senator says partisan bickering drove him out of politics

(Newser) - Evan Bayh won’t seek reelection, he announced today, saying he was sick of the partisan rancor in Washington. “My decision was not motivated by political concerns,” the Indiana Democrat said in a statement. “Even in the current challenging environment, I am confident in my prospects for... More »

How Old Fogies Can Save America

Brooks: They need to unite in the cause of selflessness

(Newser) - Forget Washington—America's salvation lies with its senior citizens, writes David Brooks. He wants them to form a sort of tea party of their own, not to accrue more financial benefits but to return some they already have. Federal spending tilts too heavily toward the old instead of the young,... More »

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