Word: pension
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...life in Poland was hard. Wojtyla's mother died when he was nine and he was brought up by his father, who subsisted for the most part on an army sergeant's pension. Though many Cardinals?and Popes?have been trained from early youth in the hothouse atmosphere of minor seminaries, Wojtyla went to ordinary high school. He attended Mass each morning and headed a religious society, but equally strong adolescent passions were literature and the theater. He was the producer and lead actor in a school troupe that toured southeastern Poland doing Shakespeare and modern Polish plays...
Union officials called the meeting after the University rejected the workers' request for a contract containing a written commitment of increase in pension plans and the introduction of a dental coverage plan...
Dining hall workers interviewed last week said that although the contract contains no provisions for increased pension plans and dental health coverage, they believe they could not win a strike against the University. Nor, they added, do they want to risk the financial instability or possible loss of jobs a strike brings...
...youth in the union wanted to hold out for the pension--only the gray-haired people were clapping after the vote," one worker who asked to remain unidentified said last night...
...encourage savings and capital growth, he believes, the U.S. should also adopt techniques used in other countries. Canadians get generous tax deductions on money that they contribute to their pension funds. France permits anyone to put away some $20,000 in savings, with the interest payments untaxed. The Europeans further build capital by allowing companies to write off quickly the costs of their new plants and equipment against their taxes. Surely the U.S. needs to liberalize these depreciation allowances, says Feldstein, probably by letting the tax write-offs rise along with the rate of inflation...