Word: pensioned
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Dates: during 1980-1989
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Supporters of a bill requiring the divestment of all state pension funds from firms doing business with South Africa are fighting to keep the measure alive before the legislative session ends today...
...Security's problems be solved primarily by limiting benefits; its Democrats will insist that tax increases be the principal solution. That in turn could set the stage for a chaotic battle in Congress next year, since the main Social Security trust fund will be unable to send out pension checks on time by next July. The day of reckoning can be put off by extending the fund's authority to borrow from the separate Medicare and disability trust funds, but then all three are likely to go broke together...
...salvation of the paper was reached substantially on Murdoch's terms. Besides layoffs they included a cash price of only $1 million, with up to $7 million of future profits going to the Hearst Corp. Murdoch also assumed pension liabilities. The takeover was in sharp contrast to Murdoch's last attempt at acquisition: unable to get big enough union concessions at the failing Buffalo Courier-Express, he withdrew his bid, and the paper died last September...
...State Legislature Friday approved a but requiring the divestment of all state pension funds from firms doing business in or with South Africa...
...Famis of MassDivest yesterday called the bill "the strongest piece of divestment legislation in the country." Connecticut is the only other state with a similar law requiring divestment of pension funds, but the Connecticut law does not apply to firms that adhere to the Sullivan principles, a set of guidelines for non-discriminatory labor practices...