Word: pension
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Dates: during 1980-1989
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ARMS CONTROL: Opposes SDI. Will cut allnuclear testing and withdraw a third of all U.S.troops based in Europe. CENTRAL AMERICA:Opposes aid to the contras and favors the Ariaspeace plan. DEFICIT: Would raise taxes onthe wealthy and cut defense spending. Suggestsforming an American investment bank that wouldborrow from private pension funds to financepublic programs. EDUCATION: Would combatilliteracy and improve standard of education byincreasing federal funding by $10 billion dollars.TAXES: Will keep the 38.5 percent incometax bracket and implement an oil import tax andexcise tax on luxury goods. Would severely limitdeductions for business meals and entertainment.TRADE: Favors the Gephardt amendment, butacknowleges...
...report reveals that in 1986 Rome had an income of $57.3 million and expenses of $114 million. The biggest cost was $50.6 million to pay 2,315 employees. Since there is no pension fund, $7.3 million of operating expenses went to 885 retirees. Vatican Radio and publishing added an additional $21.5 million worth of red ink, counting salaries...
...instead of phrases like "I hope I die before I get old" we have a slew of post-30 "artists" spewing out still more songs featuring permutations of the rhyme "fire" and "desire." But they're not the worst. Rock 'n' rollers don't have a pension plan; once they spend their money on drugs, they have to go out and earn some more, and even aging pop icons have the right to work...
Reduce the tax-free portion of pension funding. Under some retirement plans, annual payments of up to $90,000 are tax exempt. All tax-free thresholds could be reduced by half. $3.6 billion...
Employers are enthusiastic about 401(k)s because they represent an easy and inexpensive employee benefit. Smaller firms that are hard pressed to provide a pension plan for their workers can, at a modest cost, set up a 401(k) in which employee contributions are not matched. Large companies find that they can save money by scaling back their basic pension plans and introducing 401(k) programs...