Word: pension
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...House Veterans' Affairs Committee unanimously approved a veterans' pension reform bill that could save the taxpayers an estimated $12 billion over the next four decades.The Administration-backed bill adopts a sliding-scale principle for determining how big a pension an elderly or partially disabled veteran may draw; the bigger his income from other sources, the smaller his pension. But, fearful of annoying veterans' organizations, the committee balked at an Administration proposal to count social security payments as income. The reforms apply only to future cases: no veteran now drawing a federal pension will get a cent less...
...five-year wage contract, the U.A.W. claimed a safety violation at Canton, then the supplier of all the rear axle shafts used in Ford cars and trucks. The U.A.W. held the unionists out five weeks, forcing Ford to shut down across the nation, grant the union a big pension fund increase. The Michigan Employment Security Commission ruled that the Michigan workers were involved in the Canton strike and so were ineligible for unemployment pay. A circuit court upheld the commission. But last January the state's highest court reversed the ruling, ordered the commission to pay Ford employees about...
Some Earnest Views. "But today, think of the man at the lathe, the drill press, who is earning money which he is putting away in his pension with his company or into an insurance policy. If we today cannot assure him that 40 years from now he is going to have a good living left, then I say that sooner or later he will quit buying insurance policies, he will not have any confidence in the Government bond, and he will not think much of his pension...
...fact that Harvey Haddix is pitching or Bill Virdon hit a homer. But when it comes to the steel labor negotiations, they do not know what is going on. They do not understand the issues. They do not know what they want. They have a vague idea that their pension plan needs strengthening. Some of them talk about shorter hours. They do not want to strike, but they will strike...
...steelworkers would like to have longer vacations (now one week to start, two weeks after five years). But most of all, they want to retire earlier, at age 55 or 60 instead of 65, and on a pension higher than the companies' $72 a month. Argued Metal Drainsman Ed Winters: "I'd like to see a retirement plan that starts after 25 years. Make that 20 years. That's what civil service has-why shouldn't we?" The steelman also wants enlarged health insurance to cover doctor bills short of hospitalization and to carry on after...