Word: pension
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...pointed out that the President from time to time appoints a committee such as this one which do not all recommend such fundamental changes. Dunlop himself served on one in 1950, which decided to end the obligation of Faculty members to contribute a share of the money for their pension fund...
Investment-counseling firms often seem to wield a power far out of proportion to their size. Bankers, business leaders and bureaucrats pore over their forecasts. Pension plans, trusts and mutual funds sometimes swing on their recommendations. And while no one claims that they can change the economy, they sometimes come close-simply by changing their own economists. Last week one of the leading consultants, Manhattan's Lionel D. Edie & Co., ordered just such a switch...
...professional's market, with pension funds, mutuals, and merger-bent corporations among the big buyers. Small investors have become a dwindling factor. So far this year, odd-lot trading (blocks of less than 100 shares) has dropped to the lowest percentage of total volume-12.3%-since brokers began keeping track...
...first to push for "escalator clauses," which insure that wages rise along with the cost of living. He has sought benefits for those whom he feels are "too old to work and too young to die." Some of these benefits include supplemental social security, medicare and elegant pension plans. He also was a forerunner in obtaining profit-sharing plans and is now atempting to win guaranteed annual wages for his auto workers. But he wants unions to go beyond bread and butter issues and also deal with important social issues. In the bill of particulars spelling...
...Dave Beck was jailed for embezzling union funds and Jimmy replaced him. It could be a long way from the last. In addition to his eight-year sentence for jury tampering, Hoffa faces a five-year jail term for trying to steal more than $1,000,000 in Teamster pension funds, a conviction that is still being appealed through the courts. He will have one consolation. In jail or out, he will continue to draw his $100,000-a-year salary...