Word: pension
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...veritable Vic Tanny's West. Released 22 months ago, after serving half of a five-year stretch for income tax evasion, Beck boasts that "I came out in better shape than I went in." Since the kind of Gemiitlichkeit that goes with his $50,-000-a-year Teamsters pension was out, he picked up "the exercise habit" in the hoosegow, made it a point "to be out on that exercise track every morning." Now in his Seattle pad, Beck can't shake the stir-born routine of stretching his legs without going anywhere, so he's bought...
...have the money to set up a new home. With no private income, Illia had barely managed to get by on Argentina's parsimonious presidential salary of $500 a month (plus $370 in living expenses). And out of office, he was too proud to apply for the presidential pension, which any how amounts to a mere $14 monthly...
...people (more than half of them women) own stocks in their own right. Another 3,600,000 participate in the market through shares in mutual funds, which themselves own $35 billion worth of common stocks. Millions more are linked to the stock market by company profit-sharing and corporate pension plans; pension funds alone have $39 billion, or 55% of the present market value of their assets, invested in common stocks...
Dead Putsches. The most amazing fact about the whole convention was that Jimmy Hoffa continued, despite everything, to exert his iron hold on the Teamsters. After all, Hoffa was convicted in 1964 for conspiracy and fraud in the handling of Teamster pension funds. That year he was also found guilty of attempting to suborn a jury in a 1962 trial in which he was accused of accepting a bribe from trucking operators. Hoffa was sentenced to 13 years in prison, remains free while the cases are under appeal.* He has been ostracized by the A.F.L.-C.I.O., been hit by Government...
...turn, the publishers agreed to give dismissed printers eight weeks' severance pay instead of the three weeks' called for in their present contract. Altogether, the package won by the printers totals $1,105,000, of which $512,000 is slated for severance pay, $194,000 for union pension and welfare funds, $25,000 for sick leave. The publishers are paying the printers $333,000 for the right to transfer type from one paper to another without having it reset and $41,000 for the use of outside tape to set stock tables...