Word: pension
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Dates: during 1980-1989
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...have fewer than 20 each. Impresario Billy Rose once owned 80,000 shares of Telephone worth $11.2 million and liked to brag that he was the company's largest single shareholder. Today the largest block of stock is controlled by the College Retirement Equities Fund, a pension plan for teachers, which has 7.2 million shares worth $423 million...
...housing, I am proposing that we reclaim the abandoned housing in this state, and allow for the use of state pension funds and revenue bonds to finance lower than market rate mortgages so that the working people of this state will once again be able to afford a home. I have proposals for increasing co-operative housing and encouraging private investors to work with community groups and tenant associations, not only to increase the supply of housing, but to encourage greater participation in ownership or management of housing...
...General Investment Account net of liabilities, had a market value of $1,733,773,000, an increase of $138,723,000 over the prior year. The University's endowment is the largest participant in this account and represents 94.0% of the total while the remaining 6.0% includes pension reserves, life income funds, pooled income funds, and charitable remainder trusts. The market value of the University's endowment increased by $131,674,000 during the year to a level of $1,622,734,000. Seventy-one percent of the endowment represents funds which have been restricted to endowment purposes by donors...
...more Americans eligible for tax-sheltered Individual Retirement Accounts. Sensing a bonanza, bankers, as well as brokers, mutual funds and insurance companies, have unleashed a barrage of full-page newspaper ads and direct-mail come-ons aimed at attracting new I.R.A. investors. Says Len Deininger, manager of the group pension department at Prudential Insurance Co.: "I have never seen anything like this before. The competition is really getting fierce...
Until now, only people not covered by company pension plans were eligible. But beginning next month, virtually every worker will be able to open a tax-sheltered account. Moreover, Congress has boosted the maximum annual individual contribution to an I.R.A. from...