Word: pension
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That women live longer than men is a fact of, well, life. Under many pension plans, women pay for it in bigger paycheck deductions for retirement benefits or smaller payments once they have started collecting. Last week the Supreme Court ruled, 6 to 2, that charging women more than men to participate in a pension plan violates a congressional ban on sex discrimination. In a decision hailed as a victory for the equal rights movement, the court stated that employers may no longer exact a larger contribution from women than from men. By paying the same rate, the court acknowledged...
...future has little credibility. In the past fifteen years Stevens has calculated that it is more profitable to systematically undermine unionization efforts and to pay over one million dollars in fines, (clearly a very low price for maintaining inadequate working conditions and low wages and pension payments), than to allow the workers to democratically decide whether they want to be represented by the Amalgamated Clothing and Textile Workers union...
...pervasive was the new optimism that brokers were talking of 100-million-share days if and when the little guy joins the buying rush. Trading was still dominated last week by institutions such as pension funds, mutual funds and insurance companies. Edson B. Gould, 76, an analyst with Anametrics Inc., who has an awesome reputation for calling stock market turns since 1924, predicts a return to the magic 1000 mark on the Dow by early fall...
...standard target of liberal Democrats is the defense budget, which has leaped from $74.5 billion in fiscal 1973 to $117.8 billion budgeted for fiscal 1979, largely because of increased personnel costs. A presidential panel last week recommended reform of exorbitant military pensions. Now, a 20-year veteran can retire at 37 and draw a full pension for the rest of his life. Thomas V. Jones, chairman of Northrop, a major defense contractor, charges that the Pentagon and its suppliers have come to accept cost overruns as a way of life. He urges that the Defense Department sign fixed-price contracts...
...undefended Stevens workers suffer terrible working conditions, chronically low wages and starvation-level pension payments. Thousands are slowly dying of the disease byssinosis, or brown lung, caused by cotton-dust levels three times higher than standards set by the federal government. Stevens employees are paid at rates 31 per cent below the national average for factory workers. Retired Stevens workers then spend the last years of their lives in poverty. One man who had worked at a Stevens plant for 40 years was rewarded with a pension of $15 a week...