NYTimes Article: Payback Time: Padded Pensions Add to New York Fiscal Woes

By MARY WILLIAMS WALSH and AMY SCHOENFELD

In Yonkers, more than 100 retired police officers and firefighters are collecting pensions greater than their pay when they were working. One of the youngest, Hugo Tassone, retired at 44 with a base pay of about $74,000 a year. His pension is now $101,333 a year.

Errors, misunderstandings and wishful thinking are piling hidden costs onto New York's pension system.

For more on this travesty read the full story at the link below:

http://www.nytimes.com/2010/05/21/business/economy/21pension.html?emc=eta1

Again we thank Christine for this contribution!

MSNBC story: Parents go overboard to help college kid get job

By Eve Tahmincioglu

Some apply for positions for adult child, stick nose in salary negotiations.

With job prospects for new college graduates at historic lows, some parents are using their contacts, connections and job-hunting savvy to help their children get hired. But sometimes in their desire to help, parents can go too far.

It’s no surprise that parents want their children to land well after college. The average student loan debt for graduating college seniors in 2008 was $23,186, according to the National Postsecondary Student Aid Study.

You can read more about this in the full article at the link below;

http://www.msnbc.msn.com/id/37218735/ns/business-careers//from/ET

Thanking Christine for forwarding this one to us!