Mokita – A Useful Papuan
Word
In the Papuan New Guinea language, mokita
means "the truth we all know but agree not to talk about". This
wisdom by a Stone Age people prompts an
Anyone who would dismiss this question out-of-hand needs to examine the trends in both public and private benefits plans. The shift from 'defined benefits' to 'defined contributions' as well as the permitted reneging on pension plans passes the final responsible for elder compensation to the individual who may or may not be financially capable of responding to that challenge without a cultural change toward savings and related matters. The problem reminds one of the French claim: "The majestic impartiality of the French law which prohibits both the rich man and the poor man from sleeping under the bridge." I do not believe that the modern CEO with a salary of $10,000,000 and 'benefits' will have the same problems providing for his/her old age as a family of four just above the poverty level.
Returning to the immediate
I never saw the contract Mr. Stair has in mind in stating: "Our first priority must continue to be making sure all current and future retirees receive every dollar to which they are entitled." That about says it all, doesn't it?
So I was too trusting (when I was young), I believed the Federal government would take care of long-term contractor employees like they take care of DOE employees. Well I learn fast (only took 50 – 60 years), I'll never believe the 'your choice of explicative' again.
Well, there's no more mokita; we can now talk about the truth.