Word: pensioneer
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...Yale and two striking labor unions will provide long overdue relief to a campus divided. The contract will give clerical, maintenance and dining hall workers generous raises over its eight year span—retroactive to the time the last contract expired—as well as increase pension payments for the workers...
...options to retain top managers. But exchange director H. Carl McCall, who remains a Grasso supporter, says he and others were unaware of how the numbers added up. He faults the Big Board's human-resources staff for not clarifying the amounts Grasso was accumulating through complicated bonus and pension formulas. "Not everyone on the board understood, in aggregate, the total package," he says. To which Nell Minow, editor of the Corporate Library, a watchdog group, says, "Who's running the store? This crisis has made it inevitable that very soon serious change will have to come about...
SMITH: Old industrial companies. In past recessions you would look to these old companies because they have hidden assets. Now they all have hidden liabilities. The newer the company, the better shape you are in on pension and asbestos issues...
...least while we wait on the phone, we can distract ourselves with news about secret pension trusts, corrupt stock analysts, accounting fraud and CEO paychecks. Or, we can read the U.S. News &World Report fat double issue, “A Consumer Survival Guide.” Think about it—more than two-thirds of the jobs in the U.S. economy depend upon consumer expenditure. Consumers—that means you and I—own this economy; our cash makes it run. Still, the best we are offered is advice on how to survive the onslaught...
Retired workers who are no longer members of locals 34 and 35 have been pushing for retroactive increases in their pension benefits...