Word: pensionable
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Dates: during 1950-1959
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...nearly three years the widow of topflight Gestapoman Reinhardt ("the Hangman") Heydrich (see BOOKS), neatly assassinated by the Czech underground in 1942, has collected a $46-a-month pension from the West German government. Frau Heydrich's stipend is justified on the ground that her husband was killed in enemy action. Last week a provincial court was mulling a government suit that would end her pension...
...General Robert E. Wood, 76, announced that he will resign this month, after 28 years as chairman of Sears, Roebuck's Savings and Profit-Sharing Pension Fund, which under his guidance has grown from $70 million in assets to $860 million. It has helped Sears clerks and truck drivers retire in affluence, holds 25.4% of Sears stock. Two years ago Wood resigned as board chairman, but remains a Sears director, chairman of its finance committee, and a director of half a dozen other companies...
...recommended plan, with the exception of a scholarship plan for faculty children and a transitional retirement program, faculty members at each rank would receive approximately equal percentage increase in salary. The straight five percent salary increase that would result from the proposed assumption by the University of all pension payments, is, of course, equitable since both senior and junior faculty members alike need higher salaries. The transitional retirement plan and the scholarship program, however, while aiding older professors, would not help the more needy junior faculty. In fact, the transitional retirement plan and the scholarship plan would consume 3.5 percent...
...retirement. By cutting down his probable span of life after retirement by four years and by providing extra income, it would relieve some of the pressure on a full time faculty member to begin saving at a comparatively early age in order to build up a supplement for his pension. The money might in part be defrayed to cover expenses of educating his children, reducing the need for a special scholarship plan. In addition, the senior faculty would be strengthened by the longer active service of its older members, provided the new appointments are not cut as a result...
...panel had recommended a five-year contract stretching to October 1960. Included in the proposal were wage boosts that would have given each worker a minimum 25?-an-hour raise over the five-year period, plus increases in pension and insurance benefits. The proposal also contained a set of rules under which the company could make time studies of workers. All this was fine with the union, but Carey objected that the mediators' plan did not provide for arbitration on possible pay cuts for employees shifted from piecework to hourly pay; some, he said, stood to lose...