Last updated on July 2nd, 2019 at 09:49 am
Selig to retire and write memoirs at UW-Madison
Major League Baseball Commissioner Allan “Bud” Selig plans to retire in 2012 and move to Madison, where he will open an office at the University of Wisconsin and write his memoirs.
The former owner of the Milwaukee Brewers has a modest office in the Humanities Building at his alma mater.
"One of the favorite parts of my life was the four years I spent in Madison, and I always thought I would be coming back as a history professor," Selig told the Wisconsin State Journal. "I can’t tell you how much I am looking forward to it, to write my book and do what I want to do in Madison."
Selig, 77, will occupy an office near the Wisconsin Historical Society, which plans to archive his papers.
"He will be working on his memoirs and be fully engaged in the life of the department, and we thought it would be a good investment of gift funds," said Gary Sandefur, dean of the UW College of Letters and Sciences. The commissioner’s office paid for the furniture, Sandefur said.
The office includes a bowl of Dubble Bubble gum, a container of pretzels, a stack of Brewers schedules and a photograph on the wall of the old County Stadium. On a shelf, there is a jar of "County Stadium Infield Dirt," a Rawlings glove, a Badgers red-and-white football, and photographs of Selig giving the commencement address at UW-Madison in 2009 and of the Seligs with President Barack Obama. In the corner are four baseball bats.
Millennials skeptical about viability of Social Security
“Measure of Millennials,” a new study released by the iOMe Challenge organization, shows that 50 percent of Millennials do not believe that Social Security will exist when they reach their retirement years.
The study of a representative sample of 642 18-29 year-olds across the United States was conducted in August by the St. Norbert College Strategic Research Institute in De Pere, Wis.
In addition to the 50 percent who do not think Social Security will exist, 28 percent of Millennials think that Social Security will exist, but that the benefits will be much smaller than today. Only 5 percent think Social Security will exist at the same benefit level as today, and 18 percent are not sure what will happen with Social Security by the time they retire.
“When the views of Millennials on the future of Social Security are juxtaposed with employers’ shift from a defined benefit retirement to a defined-contribution model, it is clear that for Millennials, financing their retirement is going to rest far more on their individual shoulders,” said David Wegge, chair of the iOMe Challenge and executive director of the St. Norbert College Strategic Research Institute.
The survey also indicates, however, that Millennials are finding it a challenge to save at higher levels. Forty-two percent report they are setting aside some money for retirement each month, but the median amount is under $75. More than half (52 percent) say they have not given any thought to how they will finance their retirement because they are focused more on meeting their current financial obligations.
According to Wegge, “There has never been a more important time to engage Millennials in helping to solve the financial challenges we face in the U.S. and the potential problems they may face in their retirement years.”
An executive summary of other results of the “Measure of Millennials” survey can be found by clicking here.