Word: pension
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Dates: during 1980-1989
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Administrators have said that Harvard had a"contractual commitment" to participate in thetakeover. However, one investor, the Common-wealthof Massachusetts pension fund, successfullyrefused to allow its funds to be used in thebuyout, citing RJR's involvement in South Africa...
...idea of a "flexibile freeze" in government spending to wipe out budget deficits now running at $155 billion a year. An authority on the Social Security system, Boskin argued in a recent book titled "Too Many Promises" that the program should be overhauled to separate its welfare and pension functions...
...Commonwealth of Massachusetts Pension Fund said yesterday it does not want its shares in an investment partnership, of which Harvard is a member, used in the hostile takeover of RJR Nabisco...
...pension fund, which has committed $50 million to the limited partnership, has a statute prohibiting investment of its assets in South Africa-related companies. Lelyveld said Massachusetts has not received a response to its request to stay out of the RJR Nabisco deal...
...agrees with Bush about capital punishment. But he will vote Democratic this time because he fears that Reaganomics is ruining American industry. James and Martha Hurry are doing all right today; their snug bungalow was paid off many years ago, and they receive $20,000 a year in pension payments. But Hurry, 72, worries about being wiped out financially if he has to enter a nursing home. He repents his vote for Reagan because "ten years ago, I thought I was pretty well off for a poor man. Now they're talking about taxing Social Security and taking away medical...