Word: pension
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Members of the Harvard Employees Organizing Committee yesterday criticized Harvard's pension plan, chiefly because the plan's payments are not tied to a cost-of-living index...
...level of pension benefits under Harvard's plan is dependent on the amount of social security an employee is entitled to, but once fixed at the time of the employee retirement, Harvard's payments do not increase to compensate for inflation...
Claire C. Borguet, a research assistant at the School of Public Health, told the group that one of the major flaws in the Harvard plan was that it has no floor on pension payments, unlike employee benefit plans at other local corporations...
Some provisions of the act that take effect most year will have a more direct effect as the beneficiaries of pension plans than do the act's present provisions, Bruce said...
Next year's provisions will permit employees older than 55 to name as heir who will receive the employee's pension benefits if he dies before retiring