Word: pension
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Dates: during 1960-1969
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...Close Ties. Miners are legitimately resentful of the union's niggardly pension system, which gives them only $115 a month after 20 hazardous years underground. Lewis has retired - and Boyle will retire - at full pay: $50,000 a year. Though miners are the nation's greatest sufferers from occupational ailments - notably "black lung" or pneumoconiosis - they get medical benefits only so long as they remain on the job. They argue, moreover, that the pension fund, fed by a royalty of 400 per ton of coal mined, ties the union too closely to the fortunes of the coal companies...
...called for the owners to pad the players' pension fund with $5,450,000 for the next three years. The owners had been holding out for $5,300,000, the players for $5,900,000. So who won? Most fans, noting the embarrassment that the boycott of spring training caused both players and management, agreed with Chicago White Sox Owner Arthur Allyn: "As I see it, it was a loss for all parties concerned...
Ostensibly, the problem was cash. The Major League Baseball Players' Association, which speaks for all the athletes through elected player representatives from each team, wants the club owners to enrich its pension fund with $6,500,000 for three years; the owners are offering $5,300,000. Yet as the infighting got nastier, it seemed to turn into a classic test of strength. On one side, an owner threatened: "If we can't use major-leaguers, we'll fill up our rosters with minor-leaguers." On the other, Marvin Miller, the $55,000-a-year negotiator...
Mending relations between the two leagues is only one of the problems confronting Kuhn. At the moment, his most pressing concern is the boycott of spring training that is threatened by the Major League Baseball Players' Association if its pension-fund demands are not met. The players want to channel a fixed percentage of the leagues' income from TV contracts into their fund; the owners are offering a flat $5.1 million. Kuhn, who listed player relations among his National League duties, is a skilled negotiator. But it will take more than persuasion for baseball to keep pace with...
...convenient and a button marked "Galley" to summon a Fresca or a milk shake. A special allowance of $375,000 will cover the cost of transition, including the hiring of clerks to answer the hundreds of letters that continue to pour in. As a former President, Johnson has a pension of $25,000 a year, an $80,000 office allowance, free medical care, free postage, plus lifetime protection by the Secret Service. Agents will be on duty as long as he wants or needs them. No one was much surprised to see at the ranch the two Air Force sergeants...