Pre-Retirees and Retirees
Happy and Optimistic
retirement said they feel “hopeful”
about retirement, while 27 percent
of those who have recently retired
say they feel “peaceful.”
Despite uncertainty, Age of Opportunity study reveals
retirement experience may be better than expected for some
HARTFORD — Americans’ trademark optimism is intact, at least in
regard to retirement, despite the economic turbulence that is reportedly
forcing many people to work longer
and make do with less.
that most retirees are pleased with
their life, and both pre-retirees and re-
tirees have a positive attitude about re-
thing less than positive about the
next phase of their lives, dealing
with medical or health issues was
cited most often ( 21 percent for
both pre-retirees and retirees).
In fact, many retirees found only one
downside: They wish they could have
done it sooner. That’s according to a
new survey from The Hartford and
happier now that I am retired” (77
percent) than those who have yet to
retire are to say “I will be happier
after I retire” (64 percent).
are twice as likely as others to cite
giving up a fulfilling career as a negative to retirement.
The October 2011 Age of Opportu-
nity study, which measured the opin-
ions and concerns of Americans both
in and approaching retirement, found
tire earlier (35 percent of pre-retir-
ees), or could have retired earlier
(42 percent of retirees), many re-
cent and soon-to-be retirees see few
negatives about retiring.
The study, conducted by GfK Roper
for The Hartford and the MIT AgeLab, surveyed people who are within
10 years of retiring versus those who
have retired within the last 10 years,
and attempted to answer the the question, “Does the reality of retirement
Copper Thieves Plague Texas Businesses
AUSTIN — Despite new laws making any theft of copper a state jail felony, thieves continue to plague Texas
businesses by ripping away copper
tubing from commercial air conditioning units. Several Texas businesses
have been hit more than once and the
result has been costly.
Individual insurance claims from
damage to commercial A/C units have
run from $5,000 to $100,000. Besides
the inconvenience of no air conditioning, time lost, and expensive repairs,
business owners are faced with high
commercial property insurance deductibles, and multiple claims can result in increased rates.
Thieves can obtain about forty pounds
of copper coil out of every commercial
A/C unit, which could net them approximately $50 to $100 from a scrap
metal dealer. But the destruction to the
A/C unit, roof, and walls of businesses
can be tens of thousands of dollars.
Last year, Texas lawmakers increased
the punishment for those caught steal-
ing copper. Lawmakers also approved
legislation that would make scrap
metal dealers seek applicable licenses,
personal identification, and provide
ownership documentation of ques-
tionable copper tubing.
“Enforcement of these laws is very
good inside the city limits of most
cities, but unfortunately, it’s not that
controlled out in some counties and
especially the rural areas of the state,”
said Jim Shapiro, president of the Recycling Council of Texas. “With the
new laws in place, we feel like the state
will be covered as a whole.”
Shapiro said the Texas Department of
Public Safety (DPS) has begun training officers to track down scrap metal dealers who are catering to copper
“The DPS has received funding that
specifically seeks their assistance in
putting a stop to our statewide problem of copper thefts,” Shapiro said.
“It won’t be a minute too late,” said
Ben Patterson of the Ron Patterson
Insurance Agency in Richardson.
“We’ve had three businesses that had
claims totaling $250,000 in the past
year. One church got hit twice in one
Patterson said businesses that have
been vandalized repeatedly risk high-
er deductibles, higher insurance rates
and becoming non renewed. “If the
thieves can’t tear out the copper tub-
ing, they’ll just take the entire A/C
unit with them,” Patterson said. “The
damage they leave behind means noth-
ing to them.”
DPS officials advise businesses to in-
stall outdoor lights, security systems
and cameras to ward off would be
The Insurance Council of Texas is
the largest state insurance trade association in the country consisting of
approximately 500 property and casualty insurers writing business in Texas.
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