Word: pensioned
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Dates: during 1970-1979
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...national economy on it and other cities. New York is now one of the most expensive places in America to live. And the city's deficit is by far the highest, but not because municipal union workers have demanded too much money--although admittedly, some of the union's pension policies need reforms--but because of an economy besieged by inflation, due in part to massive defense spending and unrestrained monopoly corporations' continual price raising...
...solving the city's future fiscal problems have already been made as the unforeseen result of the present crisis. The gap between the interests of the city's municipal unions and the interests of the city as a whole has been considerably narrowed by the commitment of union pension funds to New York City bonds. For the first time the Unions have a stake in the city's fiscal stability, and perhaps they will no longer be so complacent about "destabilizing" its fiscal health...
...negotiation of all city contracts. Layoffs should be avoided but increased productivity must be insisted upon, to end situations where, as at present, private contractors can make a profit collecting garbage for 1/3 the price the taxpayers are charged. In particular, the astronomic pension provisions that have festooned recent city contracts must be dropped...
...work you need not worry about doctor bills. If your job becomes obsolete or if you are paralyzed in a car accident, the government provides any training and help in relocation necessary for you to get a new job. And when you are retired, you receive a very handsome pension (85 per cent of your best 15 years of earnings). But after all these reforms, the industrial economy is still based on private enterprise. Less than 5 per cent of industry is nationalized. It would be wrong, however, to conclude that Sweden has reached some stable synthesis of capitalism...
Hironaka was one of five persons to receive the Order of Culture, which is awarded annually. In addition, the 44--year-old professor was the youngest of ten named "Persons of Cultural Merit," an award that carries a lifetime annual pension...