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William Hoyt, director of the pension sub-department in the Office of Fiscal Services, puts it very simply: "If you have equally qualified candidates, you try to hire the minority." And, as a brief glance around offices in Holyoke Center and elsewhere will confirm, this practice is generally followed. In Hoyt's department, for example, two of the four workers are women, Minority employees, particularly black workers, are an integral part of every department in the University...

Author: By R. O. B., | Title: Affirmative (In) Action: Discrimination on the Job | 6/8/1978 | See Source »

...will be given shares in the Swedish operation; half of the shares of the new Norwegian branch will be sold to the public, with the rest going to the Norwegian government, which is expected to become the single biggest shareholder in the binational corporation, ahead of even the Swedish pension fund, now Volvo's largest owner...

Author: /time Magazine | Title: Business: Volvo Takes a Norwegian Mate | 6/5/1978 | See Source »

...market, which is bigger and faster growing than all of the Common Market. Business people are also impressed by lower labor costs in the U.S. than in many European countries. In West Germany, for instance, wage costs are about the same as in the U.S., but employer contributions to pension, health and other social insurance programs are far steeper...

Author: /time Magazine | Title: Business: The Selling of America | 5/29/1978 | See Source »

...records of dozens of foundries-in Ohio, Pennsylvania, Alabama, Michigan, Illinois, Wisconsin, Kentucky-that had to close because they could not afford to meet requirements of the Environmental Protection Agency and the Occupational Safety and Health Administration. He collects reports of hundreds of small companies that have abandoned pension plans because they could not comply with the expensive requirements of the Employee Retirement Income Security Act (ERISA), "and so the worker winds up with no pension...

Author: /time Magazine | Title: Executive View: Battling the B.I.G. Bulge | 5/29/1978 | See Source »

Chief Justice Warren Burger, dissenting with Justice William Rehnquist, maintained that Congress in its 1964 Civil Rights Act never intended an "effect upon pension plans so revolutionary and discriminatory−this time favorable to women at the expense of men." At least for the time being, the court's ruling is limited to contributory pension plans−most of which are for public employees−in which women make a greater contribution. The ruling does not yet invalidate plans in which the contributions are equal but not the benefits...

Author: /time Magazine | Title: Law: Pension Parity | 5/8/1978 | See Source »

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