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Tuesday, September 23, 2008
AARP Names Four California Employers as Best Employers for Workers Over 50
Comtex
PASADENA, Calif., Sept 23, 2008 /PRNewswire via COMTEX/ ----Four employers from California have been named to the AARP list of 2008 Best Employers for Workers Over 50, announced today. Scripps Health of San Diego, Wells Fargo & Company of San Francisco, Northern California Presbyterian Homes & Services of San Francisco and The Aerospace Corporation of El Segundo join a diverse group of 50 forward-thinking employers, recognized by AARP for demonstrating that enlightened policies toward 50-plus employees make good business sense. The complete list can be found at http://www.aarp.org\bestemployers.
"In California, corporations, educational institutions and health care employers are increasingly recognizing the importance of innovative policies -- such as, flexible work schedules, retiree relations programs, professional development, good health benefits and opportunities to save for retirement -- as they seek to retain and recruit experienced workers," said AARP California State Director Tom Porter.
"These employers have demonstrated progressive policies and programs for workers over 50, and have earned the honor," added Porter.
New to this year's list are Bay-area companies Wells Fargo & Company and Northern California Presbyterian Homes & Services. Both companies, along with Scripps Health and The Aerospace Corporation, offer a variety of creative programs for experienced workers, including phased retirement, return-to-work programs and retiree websites designed for former employees.
Other employers which were acknowledged by AARP for their outstanding programs include Cornell University, which finished first; Scripps Health of San Diego, which finished second, and S. C. Johnson and Son, Inc. of Racine, Wisconsin, third. S. C. Johnson was first in 2007. The National Institutes of Health (NIH) became the first federal agency to receive the AARP honor since the program began in 2001. NIH finished eleventh.
The Best Employers winners, and the winners of a separate International Innovative Award, will be honored at a dinner on October 7 in Chicago. A CEO roundtable will also be held that day, focusing on AARP's new Workforce Assessment tool and the critical need to manage talent and anticipate future employee needs.
AARP The Magazine will feature the 2008 Best Employers in its November-December issue, in homes September 25, along with an extensive feature story on recareering and discovering new passions at age 50+. The complete article and list can also be found online at http://www.aarpthemagazine.org.
AARP invites employers to apply for the Best Employers honor by submitting an electronic application outlining their exemplary policies and practices toward 50 and over workers.
Candidates are vetted to ensure that practices meet the needs of mature workers. Key areas of consideration include: recruiting practices, opportunities for training, education and career development; workplace accommodations; alternative work options, such as flexible scheduling, job sharing, and phased retirement; employee health and pension benefits; retiree work opportunities, and training and development.
2008 Best Employers Winners Rank, Company Name City, State 1 Cornell University Ithaca, NY 2 Scripps Health San Diego, CA 3 S. C. Johnson & Son, Inc. Racine, WI 4 The YMCA of Greater Rochester Rochester, NY 5 Lee Memorial Health System Fort Myers, FL 6 Securian St. Paul, MN 7 First Horizon National Corporation Memphis, TN 8 Stanley Consultants Muscatine, IA 9 Bon Secours Richmond Health System Richmond, VA 10 Blue Cross Blue Shield Association Chicago, IL 11 National Institutes of Health Bethesda, MD 12 Central Florida Health Alliance Leesburg, FL 13 Brevard Public Schools Viera, FL 14 Massachusetts Institute of Technology Cambridge, MA 15 Atlantic Health Morristown, NJ 16 TriHealth, Inc. Cincinnati, OH 17 Mercy Health System Janesville, WI 18 Adecco Group North America Melville, NY 19 Beaumont Hospitals Royal Oak, MI 20 L.L.Bean, Inc. Freeport, ME 21 Massachusetts General Hospital Boston, MA 22 Jennings Center for Older Adults Garfield Heights, OH 23 Blue Cross and Blue Shield of North Carolina Durham, NC 24 Virginia Commonwealth University Richmond, VA 25 Pinnacol Assurance Denver, CO 26 Saint Vincent Health System Erie, PA 27 National Rural Electric Cooperative Association Arlington, VA 28 Centegra Health System Crystal Lake, IL 29 Frankford Candy & Chocolate Co. Philadelphia, PA 30 Nashoba Valley Medical Center Ayer, MA 31 George Mason University Fairfax, VA 32 Wells Fargo & Company San Francisco, CA 33 Horizon Blue Cross Blue Shield of New Jersey Newark, NJ 34 Harvard University Cambridge, MA 35 Northern California Presbyterian Homes & Services San Francisco, CA 36 Manheim Atlanta, GA 37 ACUITY Sheboygan, WI 38 DentaQuest Charlestown, MA 39 The Aerospace Corporation El Segundo, CA 40 Express Personnel Services Oklahoma City, OK 41 Nevada Federal Credit Union Las Vegas, NV 42 Pepco Holdings Inc. Washington, DC 43 Michelin North America Greenville, SC 44 Intuitive Research and Technology Corporation Huntsville, AL 45 Pearson Upper Saddle River, NJ 46 CTTRANSIT Hartford, CT 47 Vanguard Valley Forge, PA 48 Centers for New Horizons Chicago, IL 49 Hanson Professional Services Inc. Springfield, IL 50 FINRA Washington, DC
About AARP
AARP is a nonprofit, nonpartisan membership organization that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, the definitive voice for 50+ Americans and the world's largest-circulation magazine with over 33 million readers; AARP Bulletin, the go-to news source for AARP's 39 million members and Americans 50+; AARP Segunda Juventud, the only bilingual U.S. publication dedicated exclusively to the 50+ Hispanic community; and our website, AARP.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
SOURCE AARP
http://www.aarp.org
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Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.
The entire amount you invest in no-load funds goes to work for your returns. On the other hand, with load funds, right off the bat you're charged commission (not to mention other fees incurred over the life of the investment). Let's say, for example, you invest $25,000 into a load fund that charges a 5% commission. This costs you $1,250 off the top, bringing your actual investment down to only $23,750.
The often-cited horse race analogy argues against investing in load funds. Here's the logic behind it: Would you place a bet on a horse that had to start a race 200 yards behind the others? Well, maybe you would if you got a tip from a sketchy, trench coat-clad man in a dark alley. However, under most circumstances, it's not smart to put your money on that handicapped horse.
But some argue that at times that man in the trench coat (aka your broker) knows more about the horses than you do, and has a better shot at picking a winner. Also, sometimes these fees are unavoidable because some funds are available only through investment advisers.
Cost-benefit analysis can help determine when a load fund is worth it (in other words, when it will score you a load) and when it is better to "do it yourself" and avoid the fees. Load-fund fees range depending on share class and can cover a variety of costs, such as paper work and fund management.
