Word: pension
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...appeared, when FAIR began mounting a $3 million lobbying and public relations campaign against a proposed requirement that newly hired federal employees participate in the system. FAIR charges that the switch would bankrupt the healthy $96 billion civil service retirement fund, saddle Congress with $185 billion in future uncovered pension obligations, and deprive the Government of $2 billion in taxes now paid on their benefits by federal retirees...
...Employees (A.F.S.C.M.E.) cheered provisions that 1) require Social Security coverage for nonprofit organizations, which may now elect not to participate, and 2) ban the withdrawal of state and local government employees from the system. These unions maintain that their memberships are better served by Social Security than by private pension plans...
Hoffa was presumably murdered in 1975, when he disappeared without a trace. But Hoffa's successor, Frank Fitzsimmons, continued to allow Dorfman to control the union's pension fund, and Dorfman prospered in the murky, billion-dollar swamp of Teamsters loans and land deals. A dapper dresser fond of a round of golf and the company of old cronies, he lived with his wife Lynn in a $750,000 home in the Chicago suburb of Riverwoods...
...EDWARD J KING suffered a number of political setbacks during his controversial term but it wasn't until two days before the end of his four years in office that the legislature overrode a veto The vote this week upholding the legislature's previous decision to divest all state pension finds from firms doing business in South Africa was not even close The Senate voted 23 to 5 on the sanction on Monday the House followed suit the next...
Because of Social Security, employers have no pension or much watered down one for employees. Saves employers $billions. Tax employer contributions to S.S.--as employee contributors are taxed-- Henry Ratliff