Word: pension
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Dates: during 1960-1969
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...standard 40? per ton royalty to the U.M.W. Welfare Fund, claiming that the royalty is greater than their profit margin. Last fall the national union ruled that anybody who worked for a mine that was not paying the full royalties would be ineligible for the fund's pension and hospitalization benefits...
...printers stoutly defended every penny of their demands-which added up to $38.32 more a week, spread over the next two years. But as broken down by management, the I.T.U. package suggested exorbitance. Among other things, Bert Powers' printers are asking $3.25 per week in extra pension and welfare contributions, $19 more in pay for a shorter week. The union has also flatly refused to yield its time-dishonored right to set bogus type, a featherbedding practice that involves hand-composing, and then throwing away unused, all advertisements received in mat form. With appropriate contempt, the publishers call this...
...heavy buying has come almost entirely from professional traders on the stock-market floor and from the insurance companies, pension funds and mutual funds. The small investor, who buys in "odd lots" of fewer than 100 shares, still feels burned from Blue Monday's break; he is dumping some stocks to establish tax losses before the year end and is putting his money into savings deposits, Christmas presents or new cars. In November the rate of odd-lot selling was the highest in 20 years, and the rate of odd-lot buying very...
...market for homes remains strong, partly because mortgage money is easier. The recent rise in interest rates on savings deposits has created a healthy surplus of. lendable funds in banks and savings-and-loan associations, and last summer's stock market drop made insurance companies and pension funds more interested in investing in safer mortgages. Mortgage-interest rates run as low as 5% in Chicago and 5½% in the fast-building West...
...deep and abiding personal friendship with Jack Kennedy. But that relationship apparently does not extend to politics. As it happened, Smathers was the sponsor of a bill, passed overwhelmingly by both branches of Congress, that would permit self-employed people to take tax deductions on their own pension programs. President Kennedy did not like the bill, since it would mean an unscheduled loss of tax revenue. Smathers had a strong hunch that the President meant to let it die by pocket veto. But Smathers also knew that he had the votes to override any veto-so long as Congress stayed...