Word: pensioneer
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...airline. The plan called for employees to raise $2.3 billion and assume $2.2 billion of United's debt. The pilots, who earn an average of $85,000, volunteered to give up as much as 25% of their pay and pitch in some $300 million from their pension funds to help make the purchase. Flight attendants and pilots began sporting buttons that read BE UNITED/BUY UNITED. Company management scorned the offer as "grossly inadequate," but Wall Street's interest was sparked. The price of the firm's stock rose from 59 to 72 in three days...
...main function in the legislature is to provide expertise and and information on various legal questions. Lamont University Professor Emeritus John T. Dunlop, is among some of the faculty sought out to advise on legislative issues. He has served as a chair of committees dealing with labor unions, and pension and retirement disputes, Bolling says...
While Massachusetts has already divested several state pension funds of South African linked investments, the Bay State still contracts with several companies which are doing business in southern Africa...
...Soviet entrepreneurs are discovering that free enterprise does not guarantee success. An elderly Moscow woman who had a 50-ruble ($75) monthly pension decided to sell hand-embroidered nightgowns, and duly registered with the authorities. But none of her nightgowns sold when she took them to the market, despite days spent standing in the cold. Nevertheless, authorities canceled her meager monthly pension...
...year; they pay no income taxes on their investments until they retire. Now only single taxpayers earning $25,000 or less and married couples with incomes of $40,000 or less can take the full IRA deduction. (Taxpayers in any income bracket who have no pension or profit-sharing plan at their workplace can do the same.) Single people earning between $25,000 and $35,000, and married couples with incomes between $40,000 and $50,000, can take partial deductions. Income on all IRA investments will continue to accumulate tax-free...