Word: keepings
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Dates: during 1970-1979
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Pension fund managers, struggling to keep their pots of money intact, have begun to look beyond the blue chip stocks and bonds in which they have traditionally invested. In June the Government eased the rule limiting pension fund investments to only those that a "prudent man" would make. Now pension funds can invest in real estate or gold or even Picassos and Chinese porcelain. Eastern Air Lines pilots have almost 10% of their $250 million pension fund in Atlanta warehouses, Kansas City shopping centers and Southeastern forests. Such investments seem attractive at a time of rising prices for tangibles...
...skirting Detroit. Payments for retired Hamtramck public employees could be halted next year. Pension promises in the past were so generous while funding was so skimpy that 99% of the town's property tax income now must be funneled directly into the police and fire pension funds to keep them afloat. One former city employee who contributed only $35 to his retirement plan when he was on the payroll has collected $280,000 in benefits since he finished working. Says Chester Pierce, Hamtramck's acting director of urban renewal: "Within the next 20 years, pensions will rival energy...
Both sides compromised on the major issue of increasing pensions to keep up with inflation. At first the union wanted pension payments tied to rises in the cost of living: the company strongly rejected that because of the potential high cost. In the end, the union accepted the company's counteroffer to make periodic increases to help protect pensioners against rising prices. During the next three years, workers under 62 who retire after 30 years on the job will get $800 a month to start. Then they will get two in creases in the first year and further boosts...
...make a plane one or even two hours late by day's end. Many travelers consider it no small victory if they and their luggage arrive at the same destination at the same time. In some cases, when a plane is fully loaded, the airline may simply keep the bags at the airport and send them out on the next flight. In a lounge at Boston's Logan Airport, a Styrofoam AIR NEW ENGLAND sign bears several dents the size of a man's fist...
...times on the centrifuge. As long as he just took it and didn't struggle, they wouldn't zap all those goddamned blue bolts into the soles of his feet. There were a lot worse things in this world than g-forces ... The main thing was to keep ahead of those blue bolts in the feet!... He started pushing the buttons and throwing the switches like the greatest electric Wurlitzer organist who ever lived...