Word: pensionable
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Dates: during 1960-1969
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...stockholders'. Fearful of inquisitive bankers, goes one complaint, A. & P. has always shied away from loans and has financed improvements largely out of its own earnings. Manhattan Art Patron Huntington Hartford, one of the grandsons of the founder, charges that the foundation is responsible for a "lavish" pension plan (up to $50,000 a year for top officers) that costs an amount almost equal to 50% of A. & P. profits...
...unusual social problem that has prompted several groups to try, unsuccessfully, to save it. Some large families and retired couples will undoubtedly wind up on food stamps and welfare. Oliver Overington, 74, retired from the mill in 1960 and lives with his wife on a company pension of $6.25 a month and $1,800 a year in social security. Though their Daniels house had minimal facilities (no hot running water), the Overingtons had taken pains with the painting and papering and were convinced that they would live there the rest of their lives. Last week they moved...
Rights for Women. The Communists had broadened their campaign appeal with a program promising reform rather than revolution, affluence rather than ideology. They emphasized the Center-Left's failures by promising similar measures themselves, such as a $50 monthly pension, rights for women, low-cost housing, a more efficient tax-collecting system. In foreign policy, they advocated withdrawal from NATO, but avoided calling for membership in the Moscow-run Warsaw Pact. They also won new voters among Catholics, arguing that Pope John's Vatican Council had liberated Catholics to vote Communist in good conscience if they wished...
...challenge within the frame-work of his job, he is not going to go into business as a career. If the business community really wishes to attract the best young men from the liberal arts colleges it must begin to pay them in intangibles as well as with money, pension plans, and memberships in the company country club. Able young men must be paid with the intangible currency of responsibility, of freedom, and of the chance to make mistakes. They must be allowed to ask the crucial question of "Why?" as well as the usual...
...rebounding "peace market" drew much of its surprising strength from heavy buying by institutions- he mutual funds, pension funds, speculative "hedge" funds, insurance companies and trusts that usually stay on the sidelines during Wall Street's emotional spasms. This time the funds scrambled to rein vest their record hoard of idle cash...