Word: pension
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...crusades have suffered from complacency and lack of enforcement, this time officials really seem to mean business. Last week the Soviet Trade Union Council ordered a crackdown on workers who "drink, loaf or drift." The council recommended that recalcitrant members be expelled and thereby deprived of sick leave and pension benefits...
...fact, Wall Street is no longer a club for the self-satisfied rich. An estimated 26 million Americans own stock directly, and 75 million more have an indirect stake through mutual funds and profit-sharing and pension plans. In the Cabinet Committee on Economics, the stock market is occasionally a topic for jokes-and some nervous laughter. To one out of two Americans, the subject right now is not very funny...
...more than 25% over the next 40 months, or about 8% a year. Workers who averaged $3.25 an hour in wages before the strike will get an increase of 20? immediately, 15? more in 1971 and another 15? in 1972. A cost-of-living escalator clause and changes in pension, sick leave, vacation and other benefits could bring the total cost by some estimates to 88? an hour. That is the kind of settlement that G.E. probably could have got from the unions last fall-but that the unions surely could not have got from G.E.-without a strike...
...said that. Indeed, the sons' contention that the murders were related to union affairs was borne out by federal charges against the suspects that they killed Yablonski to prevent him from testifying before a federal grand jury. The jury is investigating the alleged mishandling of U.M.W. pension and retirement funds. But Yablonski, a 30-year U.M.W. veteran, had numerous enemies, any one of whom could conceivably have been hurt by Yablonski's reform efforts or his grand-jury testimony...
...executive, professional and other white-collar personnel by attrition, early retirement and outright firings in Akron. Robert Sausaman, 48, an equipment buyer, recalls that, after 17 years with the company, he was given two weeks' notice and "my bare entitlement" by way of a pension. Robert L. Coon, 56, a staff photographer for 25 years, was given the option of $10,000 in severance pay or a $100-a-month pension. He picked the pension. One executive was offered a promotion and a raise at Goodrich, then fired three weeks later. He chose a cash settlement...