Word: pasts
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Dates: during 1970-1979
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Everybody is struggling to keep pace with inflation, even the lowly bank robber. That is probably why the number of bank heists has roughly doubled in the past year in Atlanta, Washington and San Francisco. The FBI estimates that more than 4,600 bank robberies took place nationwide in 1978, up from 3,988 in 1977. Says Boris Melnikoff, director of security for the First National Bank of Atlanta, which was knocked over eleven times last year: "We blame it on the economy. We have a product that is very marketable. The professional bandit needs more money to survive...
Despite the new law, few workers want to stay past...
...indicates that the numbers will be small. As companies have made retirement benefits more generous, the trend for decades has been toward earlier, not later retirement. For example, at Republic Steel Corp., which has never had mandatory retirement, less than 1% of the 40,000 workers stay on past 65; the average age of retirees is below...
...continued through 1978 even when they knew of the change in the law." Pitney-Bowes, Inc., abolished mandatory retirement last April 1. Since then, 105 of its workers have retired on or before their 65th birthday, and only ten have chosen to keep working more than a few months past that age. Singer Co., which long has had a mandatory retirement age of 68, finds so few workers wanting to stay around after 65 that it has not bothered to count them...
...employer will then have to convince a jury that other factors were involved. As a result, bosses are planning to keep a closer watch on their older workers. Paradoxically, they may warn, demote or even talk into early retirement a 63-year-old, say, who is slipping. In the past, an employer could close his eyes to that worker's failing performance in the knowledge that the worker would be gone in two years anyway. Now, says Frank D. Sweeten, vice president of Sperry Rand, "that two years becomes seven years, and we have to take a harder look...