Word: pension
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...money to meet the rising cost of living and are putting spare cash into banks rather than into stocks that might go down in value. There is also a widespread feeling among individuals that brokers have neglected them in order to court the big-block business of mutual funds, pension funds and other institutional investors. One tangible sign of that attitude: brokers have raised commissions on small trades by almost 50% in the past two years, at least partly to make up for the lower fees that they are getting from institutions, which can now bargain on commissions for trades...
...clients holding Equity shares. Then Dirks confronted Equity with the charges. After that he got around to mentioning the matter to the SEC. Rumors of the company's difficulties began racing through the financial community, and big shareholders like Bankers Trust, Chemical Bank and Sears Pension Fund are said to have begun unloading. In eight days, the price of the stock was forced down from $25 to about $14. Because of the heavy selling, trading in Equity shares was halted by the New York Stock Exchange on March 27. By then, the SEC, along with insurance regulators from California...
Steele quit the Board of Directors in 1971 to accept a job as manager of the Coop's Law School branch, but later quit that post to protest Coop hiring policies and pension changes...
...present only Corporation appointees and twenty-four workers are eligible for the payments--60 per cent of earnings, including social security, at the time of disability, up to the employee's normal retirement date, when he begins to receive a pension...
...LADIES STOOD near the window of the union headquarters on Harrison Avenue. When they speak about the future they speak of retirement. It doesn't matter whether you were in the trade from 16-40. At 62 you are eligible to collect the retirement pension but you must have worked at least 20 years, the last ten consecutively. "You grow with the shop...