Word: pension
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...most explosive bombshell came last week, when it was revealed that the media magnate had secretly -- and improperly -- "borrowed" $767 million from worker pension funds at the two public concerns under his control. The money is missing and unaccounted for. This most unsocialist of acts prompted the Mirror's conservative archrival, Rupert Murdoch's Sun, to run banner headlines in Thursday's edition asking cheekily, MIRROR MIRROR ON THE WALL, WHO IS THE BIGGEST CROOK...
...result of a Harvard plan to downsize its administrative staff and cut budget corners, more than 350 University employees have accepted an early retirement offer that will increase their pension benefits...
...percent who accepted the offer must retire by December 31 to receive the benefits of the early retirement program. Pension plans for Harvard employees depend on age and number of years of service with the University...
...pension considerations, this plan adds five years to both the age of the employee and the number of years of employment with Harvard, thus increasing the retiree's pension check...
Under the plan, a 60-year-old employee with 30 years experience and a salary of about $20,000 would get $11,340 a year in pension as opposed to $6483 without the plan, according to figures quoted this fall by Howard...