Word: pensioned
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...proposed three-year contract contains job-security provisions that will give workers unprecedented protection against layoffs. The pact, which is expected to be handily ratified by the U.A.W. rank and file, also includes improved pension and health benefits, along with a first-year 3% wage hike. (The base pay of the average Ford union worker is now $13.42 an hour.) In the second and third years of the contract, the employees would receive 3% bonus payments...
...freer to spend. Though the stock market is often thought of as a kind of casino for the rich, an estimated 50 million Americans, or more than a fifth of the entire population, participate in the market either through direct ownership of shares or through interests in mutual funds, pension funds and the like. Many investors who were not especially wealthy in 1982 have now joined the ranks of the rich; the long rally has created an estimated 2,500 to 5,000 new millionaires...
...seven episodes. Amiable and reliable, he nonetheless walked through his part like a waxwork on casters and left the heavy jobs to his stunt doubles. The series aged with him; it was in danger of becoming a travelogue with a smirk. Perhaps 007 was finally ready for his pension...
Other legislative efforts have proved successful. Since 1981, Congress has passed provisions under the Economic Equity Act that strengthened pension rights for divorced military spouses, improved benefits for women under private pension plans and assisted divorced parents in collecting child- support payments. "The battle for the ERA has been raging for so long," says Vermont Governor Madeleine Kunin, "that in the interim some of the abuses it was designed to remedy have been remedied by statute, by practice and by regulation...
Nonetheless, job, wage, pension and insurance inequities persist. "We've come a long way, but we have a long way to go," says Rose Bird, former chief justice of the California Supreme Court. "It's part of our heritage to rectify past injustices, and the Constitution is no exception." Without an ERA, some feminists argue, the American charter will continue to bear the sexist imprint of a document written...