Word: pension
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Dates: during 1960-1969
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...burden of the $3-a-month premiums would be eased considerably by a basic 7% increase in old-age pension checks, retroactive to last January. The maximum monthly social security payment of $127 would immediately rise to $135.90, but everyone would get at least $4 more a month to spend. A simultaneous liberalization of social security rules would, among other things, bring self-employed doctors into the program for the first time-making them eligible for medicare...
...long-suffering citizens are getting fed up with it all. Last week a riot erupted at Buenos Aires' Ezeiza airport when ground crews refused to unload baggage-including the wheelchair of a 14-year-old paraplegic boy. In another part of town, an enraged 65-year-old pension applicant whipped out a pistol and killed a go-slow clerk when she foisted still another form on him and suggested that he return in a few days; it was the fifth time he had been put off, and each refusal meant a 70-mile round trip from his home...
Breaking Bones. The girls have been skiing since 1949, when their parents left the French Riviera to open a small pension in the Alpine village of Val-d'Isère. By the time Marielle...
...little man may give the market a needed lift, but the market's future will still be determined largely by the huge and growing institutional investors. Last year the market was swelled by $2 billion from pension funds, $1.3 billion from such mutual funds as Massachusetts Investors Trust (see Management) and hundreds of millions more from other institutions. The institutions hold about 15% of the nation's $650 billion worth of common and preferred stocks, and such companies as G.M., A.T. & T., G.E. and IBM each have about 1,000 institutional investors. The institutions have more money than...
...hour package over four years (including a 36?-an-hour wage hike), which amounted to a 4.5% increase v. the 3.2% guideline recommended by President Johnson. The contract includes a fourth week of vacation for twelve-year employees, three more paid holidays (making twelve in all), pension increases, more health benefits and a guaranteed annual income of $5,800. This was a sweetener in return for the reduction in work crews from 20 to 17 men, recommended by Government mediators in October, and a "flexibility" clause that would permit employers to move cargo checkers from job to job during...