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...this amount, 570 is not included in the guideline calculations because of various exemptions granted by the Administration. For example, since retirees have no voice in the ratification and are technically not part of the bargaining, the White House agreed to exclude the cost of increasing their pension benefits. If these exemptions were included, the wage-and-benefit boost would come...

Author: /time Magazine | Title: Business: Wages of Clout | 4/23/1979 | See Source »

...well above its after-tax profits, which came to $2.7 billion. Of that sum, Exxon paid out about 55% in dividends to its 695,000 stockholders. They include not only a great number of small investors (no single stockholder owns more than 0.1% of the shares), but also pension funds, banks, universities and other institutions. In effect, these institutions manage the money of millions of ordinary wage earners-the very people, in fact, whom Carter now urges to rise up and keep the oil firms from having an excuse "to cheat the public and to damage the nation...

Author: /time Magazine | Title: Business: Those Large Oil Profits | 4/16/1979 | See Source »

...dissidents will play no direct role in negotiations, their views accurately reflect those of many union members who have not joined them. The national leadership feels that a big settlement would help quiet members' broad complaints about unsafe working conditions, compulsory overtime and mismanagement of pension funds. If Fitzsimmons settles for too little, he risks handing the dissidents a major arguing point in future struggles...

Author: /time Magazine | Title: Business: Guidelines Face a Rough Ride | 4/2/1979 | See Source »

Before the minimum pension measure, the University paid some full-time employees who had labored for Harvard for 25 years as little as $96 in pension payments a month, in addition to their social security payments. The pension and general benefits review issue prompted the protracted labor negotiations between the University and its dining hall workers. The new plan will provide dining hall employees, custodians and property maintenance workers with 95 to 100 per cent of their pre-retirement take home...

Author: NO WRITER ATTRIBUTED | Title: Harvard's Pension Plan | 3/8/1979 | See Source »

...hope this settlement will mark a turning point in Harvard's pension policy. Now the University should move to revamp its pension plan which discriminates against hourly employees...

Author: NO WRITER ATTRIBUTED | Title: Harvard's Pension Plan | 3/8/1979 | See Source »

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