Word: pension
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Under the circumstances, that one strike was sufficient to retire all the players in big-league baseball. Deadlocked in a dispute with club owners over pension-fund payments, they boycotted all of the scheduled major league games. Across the country, stadiums, freshly mowed (or, in the case of those with artificial turf, vacuumed) in anticipation of the start of the new season, stood empty and silent...
...effort to get the negotiations going again, Marvin Miller, executive director of the Players Association, proposed a plan that he said would not cost the owners a "damn cent" more. To meet player demands for a 17% cost of living increase in the pension plan, Miller suggested using an existing surplus in the pension fund, which is financed out of revenue from network television receipts. The owners refused and turned down a later proposal that the players return to work for two or three weeks while negotiations were going on. They objected to a clause that would have required them...
...issue was the players' demand for greater pensions. Under the last contract, signed in 1969, they get basically $60 a month for each year of service in the major leagues, paid beginning at age 50. Players average about 41 years in the majors; the pension, however, is paid only to players with at least four years' service. Now the players want a 17% rise in pension benefits to cover cost of living increases...
Riots. Extortion had paid for it all. "There may well have been contemporaries of Jean de Berry," wrote Millard Meiss, "who maintained that he cared more for animals and for art than for men." They may well have been right. Jean de Berry once gave a hound a life pension, but he taxed his subjects so fiercely that they rioted. Worse, from the aspect of practical politics, he chose the wrong faction in the struggles for the French throne, so his house in Paris was sacked by a furious mob in 1411, and one of his châteaux, stuffed...
...baseball season for Vida to pitch in? By week's end, 13 major league teams had voted, most of them unanimously, to approve some form of strike before the season begins -if the owners do not kick in at least an additional $10 million for the players' pension and medical-care funds...