Word: pensioneer
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...chilly in many others. Created by Congress in 1974, IRAs now allow wage earners to save up to $2,000 a year in special accounts, where the money earns interest tax free until it is withdrawn during retirement years. Before Jan. 1, only people not covered by company pension plans were eligible, but now virtually all workers can open IRAS. Administration officials predicted that $20 billion would pour into IRAS this year. So far investors have put an estimated $6 billion into the accounts...
Like most labor organizations, Harvard's nine unions have traditionally sought high wages and more employer-supported health, safety, pension and insurance plans. However, insuring job security has perhaps become the primary focus of union activity at Harvard...
Assistant Attorney General William Baxter vowed to litigate A T & T to the eyeballs [Jan. 18]. Yet the company gives us the best telephone service in the world. It employs 1 million people, has a pension fund never touched by scandal, is well managed and pays regular dividends to 3 million stockholders. As a taxpayer, I protest the $15 million spent pursuing this case. As a stockholder, I resent the $360 million AT&T expended defending itself. As a consumer, I will unquestionably be hurt...
...from 200 to 600 zlotys ($2.55 to $7.75). A white-haired woman who had been hovering on the edge of the meat line turned away with only a loaf of brown bread in her wire basket. "I'm terrified," she confided. "I'm a widow on a pension. How am I going to live...
...better with Columbia. The beverage firm's stock dropped 2¼ points the day of the announcement and 1⅜ more the following day. Coca-Cola finished the week at 31¼, compared with 34⅜ the week before. Said the portfolio manager of one of the largest pension funds, who was without a Coke or a smile: "I think Coca-Cola's paying too much, and I'm not excited about Columbia." The offer works out to about $70 a share for the movie firm, which had been trading for about $42 a share immediately before...