Word: pension
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...weeks ago, Powers criticized Bozzotto in astrongly worded letter. Powers called Bozotto'sprotest activities "illegal" and "hypocritical" inlight of South Africa-related investments held bythe union's pension fund...
...pension funds, which Bozzotto oversees, hadat least $500,000 invested in companies that dobusiness in South Africa during 1984, the lastyear for which figures are available, according toDepartment of Labor documents...
...Harvard Union president who has led several on-campus rallies for divestment serves as a trustee of two union pension funds that at last count held more than $500,000 of stock in companies that do business in South Africa...
Neither of the funds contains Harvard employees' money, which is deposited in the University's own pension plan. The funds do, however, contain money from Marriott workers who staff the Kresge Dining Hall at the Business School, and who are not under a Harvard contract...
...issue is the employers' effort to reduce workers' wages, which average between $10 and $12, by $1 an hour and to cut health-care and pension contributions. Growers say they must lower costs to compete with foreign wineries. Labor leaders, arguing that the employers are trying to bust the union, contend that the producers' sales are flourishing. Indeed, shipments of California wine, which totaled some $5.5 billion in 1985, were up an estimated 11% for the first six months of 1986 over the same period last year. The main reason: growing wine-cooler sales...