Word: pension
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...against certain patterns of injustice in this country that exist among the American people is to provide the instrument of organization in sector after sector." When this begins to happen. Nader says, "people begin to realize that they should control what they already own, like millions of dollars in pension funds, the public airways, the public lands and minerals and resources, timber--all of which are now owned by the American people and controlled by a handful of corporations...
...Americans would save a large portion of income tax cuts rather than spend the money in inflationary consumption. Rostenkowski argued that his plan contains provisions specifically targeted to encourage saving. One is a proposal to increase the amount of annual income that a worker not covered by a company pension plan can save in a tax-sheltered individual retirement account (IRA) from $1,500 to $2,000, and to extend IRA opportunities to employees with pension plans who want an extra retirement cushion...
Judges regard the system as the best thing since raised benches. Los Angeles jurists, who earn $60,000 a year, retire comfortably: a 20-year man receives a pension of $45,000. But an energetic ex-judge can increase that income greatly by freelancing. Eugene Sax received more than $40,000 for five months of work on a dispute between California's air resources board and several oil industry giants...
...negotiate a contract that would cement his support within the U.M.W., Church emerged from two months of wage and benefit talks in possession of a package that seemed overflowing with concessions to the miners. Included in the deal: a 36% pay and benefits increase over three years, boosts in pension payments for retired miners and surviving spouses, and a ban on mandatory Sunday work, which mineowners had been demanding but workers had vehemently opposed...
...heads from Springfield, Ill., to Pittsburgh to push the pact, the union rebuffed it by a vote of more than 2 to 1. Many members argued that provisions in the contract gave mine operators power to lease coal property to nonunion companies as well as skimp on contributions to pension funds. On the other hand, industry officials seemed to feel that the rejection simply reflected the union's weakening grasp its members. Said one: "Facts had nothing to do with it. Rationality went out the window. What developed was emotion, suspicion and misinformation. It just gathered." Conceded Kentucky Miner...