Word: pension
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Dates: during 1960-1969
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Morrill said, however, that salary in creases, resulting from new minimum wage laws, were the biggest new expenses. He indicated that the purchase of land on Palmer St. for the new annex and improvements in the employees' pension plan had also contributed to the decrease in profits...
...fired last week from the ambush Athenian politicians typically employ: the rumor columns of the newspapers. A pro-Papandreou newspaper reported it had "learned" from government sources that the widowed Queen Mother had agreed to leave Greece and retire to an estate in Austria in return for a large pension from the government. Other papers quickly joined in to embroider the indelicate suggestion. It was said Frederika had demanded $150,000, but Papandreou had insisted on $100,000 and not a drachma more. Typically, too, there was no way to get official confirmation-or denial-of anything about the affair...
...riposte at least served to rally the rightist opposition to the monarchy's side, and at that, the wily Papandreou finally spoke up, announced the whole matter of the pension would be dropped since Frederika did not want it. Papandreou had good reason for his caution: a year ago, when Premier Constantine Karamanlis, who in his eight years in power had been a close ally of Frederika and King Paul, vetoed a trip to Britain the royal couple wanted to make, he lost their friendship-and his premiership...
Increased Pressure. More than 25 million employees-or about half of all workers in private industry-are now covered by some 34,000 different industrial pension plans, and 2,300,000 retirees are already receiving pensions from industry at a cost of $2.4 billion a year. Among union members, two-thirds have pension plans. Pensions have been a major issue in most contract negotiations this year, and the United Auto Workers' improved pensions give labor added incentive to increase this pressure...
More Jobs for Teens. As pensions are raised toward more generous levels, labor is making a big push for earlier retirement to go with them. A quarter of this year's new contracts that have granted higher pension benefits also include provision for earlier retirement. The Chrysler-U.A.W. pact encourages workers to retire at 60 instead of 65, even makes retirement possible at 55. In other contracts signed this year, Sinclair Oil, Westinghouse and RCA reduced normal retirement age from 65 to 62. The trucking industry granted retirement at $250 a month after 30 years of service, making...