Word: pensioned
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Dates: during 1980-1989
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...stockholders has not panned out. The biggest buyers of stock have been large institutional investors rather than ordinary Britons, many of whom are unaccustomed to the idea of stock ownership after decades of nationalized industry. A majority of the new offerings are in the hands of life insurance companies, pension funds and banks, and chunks of the rest have not been sold. Speculation in the issues has been rampant as shareholders bought in, held briefly, then sold for a quick profit. The fact that relatively few investors have participated in ownership of the companies worries Thatcher's Conservatives. Without...
...other bill guarantees pensions for homemakers whose employed spouses die before retirement age and lets working mothers keep their retirement-plan credits if they leave their jobs to raise families. The pension measure was introduced three years ago by Congresswoman Geraldine Ferraro. President Reagan is expected to sign both bills into law this week...
Leading the charge into stocks were pension funds and other large investors. For the past several months, as the market fell, they have been gradually selling shares. But last week they moved back into stocks in a hurry, buying blue chips, transportation, technology and energy issues. Said Edward Yardeni, chief economist at Prudential Bache Securities: "What happened can only be characterized as a buying panic. Institutional investors decided they just could not afford to miss such a wonderful party...
Although the average Government pension is a modest $12,000 a year, on Capitol Hill, at least, retirement sometimes beats working. According to a study released last week by the National Taxpayers Union, the annual pensions of 138 former members of Congress are higher than their salaries were in their final year of Government service. Five receive more than the current congressional salary of $72,600, including retired House Speaker Carl Albert of Oklahoma, who pockets $87,864 a year. Former Congressmen Richard Nixon and Gerald Ford are paid $30,816 and $64,800 respectively, in addition to their presidential...
...Reagan Administration lost a bid last year to raise the full-pension-collecting age for all federal civil servants from 50 to 65, but in 1981 both houses did agree to take one cost of living increase annually instead...