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...dwell, however briefly, on the one course of action that would ease them immediately: resignation. Aides said that such a step was out of the question. But it offered definite benefits to the beleaguered President. If convicted by the Senate, Nixon, now financially hard pressed, would forfeit his presidential pension of $60,000 a year, plus up to $96,000 annually to maintain a staff and office, and Pat would lose her right to a $20,000 annual pension if he died before...

Author: /time Magazine | Title: IMPEACHMENT: Nixon: The Odds on Survival Shorten | 8/12/1974 | See Source »

...employees of the office's standard record-keeping procedures, and a generally "antiquated method for recording and reporting" the city's financial affairs. Beame may well have more explanations to make: Goldin's office will shortly release an audit of city employees' $7 billion pension funds...

Author: /time Magazine | Title: The Nation: Audits in New York | 7/29/1974 | See Source »

...power over trades (in major league baseball, ten-year veterans who have played for their team for five consecutive years can reject trades), higher minimum salaries and an end to curfews and fines. At week's end the strike seemed far from settlement. A similar strike over the pension fund four years ago collapsed when the then champion Kansas City Chiefs decided to play in the All-Star game. This year most of the Dolphins decided to boycott. When the All-Stars refused to play without a settlement, the game was canceled. The other picket lines thrown up last...

Author: /time Magazine | Title: Sport: The Freedom Strike | 7/22/1974 | See Source »

...promises were kept, and James Leo Sullivan, city manager of Lowell and former Cambridge chief executive, returned to Cambridge to replace retiring John H. Corcoran--but not without more accusations. The Independent-liberal coalition had agreed to up Corcoran's salary to increase his pension--a move that the wronged Danehy termed "the most brazenly political act ever taken in this city," implying that it was a political move to get Corcoran to leave office without putting up a fight. The coalition maintained that it was simply bringing the salary up to the equivalent of other city managers in Massachusetts...

Author: By Wendy B. Jackson and Michael Massing, S | Title: City Politics: Personalities Matter | 6/13/1974 | See Source »

...convincingly deny that they would be greatly relieved if Nixon did step down. In fact, House leaders even ordered staff members to examine resignation's possible financial benefits to Nixon. They found that if he were removed from office by conviction in the Senate, he would get a pension of only about $12,000 a year, due to him because of his 18 years' Government service as a Naval officer, Congressman and Vice President. If he left voluntarily, he would also get the normal presidential pension of $60,000 a year, plus up to $96,000 annually...

Author: /time Magazine | Title: WATERGATE: The President Resolves to Fight | 5/27/1974 | See Source »

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