Word: pension
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...more Americans eligible for tax-sheltered Individual Retirement Accounts. Sensing a bonanza, bankers, as well as brokers, mutual funds and insurance companies, have unleashed a barrage of full-page newspaper ads and direct-mail come-ons aimed at attracting new I.R.A. investors. Says Len Deininger, manager of the group pension department at Prudential Insurance Co.: "I have never seen anything like this before. The competition is really getting fierce...
...partly in its history. The area is a natural Ellis Island for all those coming, for whatever reason, from the Caribbean and points south. The region's benign climate and studied informality have long made it prime destination for Americans on the make, on the lam or on a pension. With it hundreds of miles of coves and inlets, the area is also an ideal port of entry for boat laden with
...passage entitled "Money" states, "We all expect a raise every July," adding that the only times Harvard has granted wage increases besides July 1 came when the threat of the union was heating up, in 1974 and 1979. Among the other benefits the union proposes to fight for are pension and health plan improvements and safety...
...clerical workers translates to an average of $47 more per week in pay; it notes that Boston's clerical workers are the fifth-lowest paid of the 15 largest U.S. cities; and it puts forward the alarming fact that 90 per cent of all working women receive no pension whatsoever. Those who do have a pension receive an average of $70 a month less than their male counterparts...
When Social Security was founded in 1935, it was supposed to be a supplement, rather than a substitute, for private pension plans and retirement savings. But over the years, generous Government benefits made it possible for most retirees to look largely to Washington for income in their old age. Now America's aging work force will almost certainly reduce the role of Social Security and make company pension programs more important than ever. -By Alexander L Taylor...