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Professionals' Column March 23, 2007  RSS feed


Current Pension Topics: Diversify Your Investments
      Reminder: Are you sorry you did not contribute more to your 457(b)/401(k) account for 2006? The door remains open. You still have an opportunity to contribute to a pre-tax account for 2006. How? Just open up a New York City Employee Individual Retirement Account (NYCE IRA) with the Deferred Compensation Plan of the City of New York.
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YOUR SOCIAL SECURITY
      There will be no late enrollment penalties in 2007 for people who qualify for extra help and enroll in the Medicare prescription drug plan. This was announced by the Centers for Medicare and Medicaid Services (CMS), the agency that administers the Medicare prescription drug plan.
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Know Your Rights: Employment-at-Will Doctrine
      There is a common misconception among some employees that there must exist a legal remedy for every "wrongful termination" of employment. For example, a long-term employee, who was never afforded proper training or given the necessary tools to succeed, is suddenly terminated.
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