Word: pension
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...Harvard will lower its annual contribution to the faculty pension plan by one percentage point...
While they now live modestly on Baldomero's 300-peso-a-month pension (just over $3), Maria claims they long ago "learned to scale back for the benefit of the country." Her husband expounds on a widespread theory: young Cubans who never experienced American capitalism are far more eager to put to sea in its pursuit than their parents, who knew capitalism's dark side firsthand. "They see pictures of their relatives in Miami with late-model cars and Seiko watches and Levi's," he says, "and they are tricked into thinking Cuba's problems are internal and salvation lies...
...described the new system of pension plancontributions as "highly inefficient," as itreduces the tax-exempt contributions of theUniversity. Green also warned that the changecould hamper long-term incentives to retire...
Failure by baseball owners to make a $7.8 million payment to the players' pension fund heightened tension between labor and management as baseball's Aug. 12 strike date neared...
...changes, announced in June, include, among other significant differences, pegging Harvard's contributions to health insurance premiums to a percentage of the lowest-cost health plans available, pro-rating to some degree health benefits for parttime employees and slightly lowering the University's annual contribution to the faculty pension plan...