Word: pensioned
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Dates: during 1970-1979
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William Hoyt, director of the pension sub-department in the Office of Fiscal Services, puts it very simply: "If you have equally qualified candidates, you try to hire the minority." And, as a brief glance around offices in Holyoke Center and elsewhere will confirm, this practice is generally followed. In Hoyt's department, for example, two of the four workers are women, Minority employees, particularly black workers, are an integral part of every department in the University...
Richardson began picking up his $500-per-month pension, married a widow and embarked on a new career--his first since 1944, when he ran away from Plymouth, Mass., at the age of 16, to join the Merchant Marine. The Harvard job opened up while he was shelving books at Houghton Mifflin, and he recalls jumping at the opportunity...
...will be given shares in the Swedish operation; half of the shares of the new Norwegian branch will be sold to the public, with the rest going to the Norwegian government, which is expected to become the single biggest shareholder in the binational corporation, ahead of even the Swedish pension fund, now Volvo's largest owner...
...market, which is bigger and faster growing than all of the Common Market. Business people are also impressed by lower labor costs in the U.S. than in many European countries. In West Germany, for instance, wage costs are about the same as in the U.S., but employer contributions to pension, health and other social insurance programs are far steeper...
...records of dozens of foundries-in Ohio, Pennsylvania, Alabama, Michigan, Illinois, Wisconsin, Kentucky-that had to close because they could not afford to meet requirements of the Environmental Protection Agency and the Occupational Safety and Health Administration. He collects reports of hundreds of small companies that have abandoned pension plans because they could not comply with the expensive requirements of the Employee Retirement Income Security Act (ERISA), "and so the worker winds up with no pension...