Word: pension
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...State Legislature Friday approved a but requiring the divestment of all state pension funds from firms doing business in or with South Africa...
PROPONENTS OF DIVESTITURE from South Africa gained an unexpected source of support last week: the Massachusetts legislature Putting principles before profits, the legislature passed a bill requiring the divestiture of all state pension funds from firms doing business in or with South Africa. The legislature's action provides a lesson in social responsibility that the University would do well to emulate...
...Football League for eight seasons, regarded as the game's first master of the forward pass; of a self-inflicted gunshot wound; in New York City. A sophisticated student of football, Friedman handed down his theories both as a college coach and as an outspoken advocate of reformed pension plans for the pro game's early stars and improved techniques for preventing injury...
...Impose income taxes on half of Social Security benefits (because they are paid for by taxes levied on employers, rather than on workers) and put the money raised back into the pension trust fund. Estimated revenue increase: $134 billion...
Many Democrats are equally loath to limit benefit increases. They are under pressure from the elderly, who have an exaggerated fear that if their pension checks do not keep pace with inflation they will be reduced to eating cat food. Members of the Gray Panthers, who demonstrated outside the meeting, chanted, "No ifs, no ands, no buts, no cost-of-living cuts." In fact, there is evidence that putting a cap on benefits would be justified. Tying Social Security payments to inflation amounts to a huge transfer of wealth from the young, whose earnings are not similarly protected...