Word: pension
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...tournament at the La Costa country club in Carlsbad, Calif. The entourage that appeared for the former President's "coming out" was intriguing. Tournament participants included Anthony Provenzano, unofficial boss of New Jersey's Teamsters; Allen Dorfman, convicted in 1972 for accepting a kickback from a union pension-fund borrower; Jack Sheetz, a businessman indicted but not prosecuted for misuse of union pension funds; and some other figures linked to organized crime. After finishing the day with a respectable 92 on the 72 par course, Nixon retired to a recreation room for a private chat with a select...
Among other things, the legislature had directed State Comptroller Arthur Levitt to invest $125 million from two state employees' pension funds in bonds is sued by the Municipal Assistance Corporation (Big Mac). In addition, the state was to try to borrow $750 million and then promptly lend it to Big Mac (TIME, Sept...
Delicate Refusal. But two unions representing state employees went to court to prevent any of their $7.2 billion pension funds from being invested in the tottering city. The court ruled that the legislature did not have the authority to order Comptroller Levitt to buy the bonds. The court did not forbid him, however, from buying them if he wanted to. Despite pleas from Governor Hugh Carey and Mayor Abraham Beame, Levitt showed no such desire...
...players' only complaint. Indeed, many of them voted recently to oust Players Association Executive Director Ed Garvey because they felt he had lost last year's strike by overstressing the Rozelle rule and other "freedom issues." More important, particularly to veterans, are the league's pension plan, insurance program and even the number of players allowed each team. Since the last contract expired in 1974, for example, the league has not contributed to the players' pension fund; they have now missed payments totaling $5 million. The players also want teams to carry more than the presently...
...Texas is considering a plain-language requirement for health and accident policies. The new federal Pension Reform Act insists that company booklets be written "in a manner calculated to be understood by the average participant." And the new federal Warranty Law states that product warranties have to be "simple and readily understood." Linguist Flesch cautions that most of the rewrites do not yet rate a 60 on his scale-the level, he says, of the New York Daily News or SPORTS ILLUSTRATED. But be it hereinafter understood that whereas the aforementioned and previously established methodology of contract composition has been...