Word: pension
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...other union members honored the picket line, only the mailers joined the printers in striking. Five of the other unions had accepted the publishers' early offer when contracts ran out in 1964: a $4.10 weekly increase in health and welfare benefits in 1965; a $4.20 increase in pension payments in 1966; and no wage boost. The printers, who have a fatter pension fund than the other unions, balked. They demanded an immediate pay raise. As one printer on the picket line put it last week: "I'm only 25, and I want my lousy money...
...good as an 8% stock dividend return to an investor in a high-tax bracket. The current struggle in Wall Street's market is not between bulls and bears, but between stocks and bonds. Calling some important turns are the faceless but formidable institutions-mutual funds, pension and profit-sharing funds, insurance companies and banks -which account for about 31% of all trading on the major exchanges. Now they are socking more and more of their millions into the high-yield, no-risk bonds. In the past four months, Pittsburgh's Federated Growth Fund has reduced the proportion...
...striking unions have demanded a cash pay increase instead of company-paid health, welfare, and pension plan...
...supporting the motion for dismissal, Crane said that DeGuglielmo had agreed not to collect salary pending the outcome of a taxpayers suit against him. Crane predicted that the Court would permanently prohibit DeGuglielmo from collecting salary on the grounds that he receives a city pension, and that a pensioner cannot receive a salary. DeGuglielmo has said he will waive the pension; Crane has said the court will not permit that...
...court will have to decide on three major issues: whether DeGuglielmo is eligible to become manager; whether the Council removed Curry under the proper law; and whether DeGuglielmo can waive his state pension and thereby qualify to receive the city manager's salary