Word: pension
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...suddenly deteriorated. Employees are thinking about leaving because management is tempting them with severance payments as high as half their annual salaries. Employees who are 55 or older with 21 or more years of service will get, on top of the lump-sum bonuses, at least 55% of the pension benefits they were expecting...
...playing with numbers. Historically, if you look into university acceptance of retirement at age 65, it goes back to the 1880's, to Bismarck's time, when he was putting through these welfare and social justice programs. Somebody just said all right, we're going to pay them a pension when they retire at 65. That's the magic of 65--it is purely a convention, and he chose 65 because at that time only four in a hundred lived to be 65. It was a very almost sadistic trick. I see no magic, whether it be in a university...
...among a wide variety of voting blocs,* he paid homage to the needs of different interest groups. For the restive New Right he asserted his fealty to the school-prayer amendment (but did not mention anti-abortion legislation); for women he pledged a reform of discriminatory federal laws and pension rules; for farmers he promised help with debt financing; for blacks he promised support for preserving the Commission on Civil Rights...
Reagan's weapon for holding down spending is the misnamed freeze. It has three main parts: 1) a one-year delay in pay raises for military and civilian employees of the Federal Government and in pension increases for their retired predecessors; 2) a six-month hold on cost of living adjustments (COLAS) in Social Security benefits; in Supplemental Security Income for the needy blind, elderly and disabled; in railroad retirement and veterans' pensions and in food stamps and child-nutrition programs; 3) a recommendation that Congress hold spending for many other programs close to 1983 dollar totals...
...Dorfman was convicted of accepting a kickback of $55,000 on a pension-fund loan and served nine months in jail. Last December, as a result of an FBI probe dubbed "Operation Pendorf' (for penetrate Dorfman), he and Teamsters President Roy Williams were convicted of conspiring to bribe former Democratic Senator Howard Cannon of Nevada in return for his putative help in blocking a trucking deregulation bill. Scheduled to be sentenced on Feb. 10, Dorfman, 60, faced up to 55 years in prison...