Word: pensioned
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Dates: during 1970-1979
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...Depression '30s, a lanky South Dakota doctor named Francis Townsend won the backing of millions of elderly Americans with his plan for $200-a-month pensions for everyone over 60. Today his scheme, which most economists once dismissed as a crackpot idea, seems almost conservative. It has been upstaged by a combination of Social Security and private pension plans that offer retirement income to workers as a matter of course. Still, the difference between plans and payoffs is often painful. Many of those who lost their jobs during last year's recession and this summer's slow...
...players in the league who are still holding out for more money, called for an end to all the haggling. "I'm convinced," said Rozelle, "that the football fan-the sports fan-is disenchanted with the business aspects of the game, the lawsuits, contracts, franchise problems, stadium financing, pension plans." Right on, Pete...
...Jerusalem this week, a veteran Israeli diplomat named Tuvia Arazi will go on pension and the Political-Economic Planning Division that he directed will be shut down. "We're superfluous," says Arazi, 58, a onetime underground fighter and Ambassador to Cyprus. But he says it with a smile. The Political-Economic Planning Division is actually Israel's antiboycott office, set up eleven years ago to thwart the efforts of 18 Arab countries to choke Israel economically. "The boycott does us infinitesimal harm now," says Arazi. "It is so inefficient and ineffective that we simply don't need...
...them, half of the nation's 95,000 union miners stomped off their grimy jobs for several days last week in wildcat strikes. They were protesting the court-ordered removal of United Mine Workers President W.A. ("Tony") Boyle from the board of the union's mismanaged pension fund. The union boss's forced withdrawal from pension affairs was the latest development in a tangled feud between union factions that has led to many lawsuits. Although the miners' grievance was with the courts, they followed the all-too-familiar course of taking it out on their employers...
...going to get more because the coal industry can afford more," said Boyle. Among his early demands are a 35% hike in wages, to $50 a day, paid sick leave and doubling the 400 "royalty" on each ton of coal that mining companies must pay to the union pension fund. But few industry leaders expect that the miners will settle for even that package. If only to unite the membership, they fear, pro-Boyle forces in the union will force at least a short strike...