Word: pensioneer
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...taking $360,000 in kickbacks to arrange a $4 million loan from New Jersey Teamsters Local 701 to a shady West Coast businessman. To reduce his imminent prison sentence, Friedland agreed to act as a federal informant. Meanwhile, he apparently headed a plan to defraud Local 701's pension fund of 520 million. In Friedland's hometown, few who knew the wheeler-dealer raised an eyebrow at his scuba scam. "We're from Jersey City," Lawyer Jack Russell told the New York Daily News. "We understand those kind of things...
...childless couple in Los Angeles with a combined salary of $82,000 and rental income of $10,400 would experience a sizable tax increase, from $8,024 now to $8,502. A retired factory worker and his wife in Delray Beach, Fla., with pension and Social Security income of $18,000, who currently pay $445, would have no federal...
...Jones industrial average broke the 1300 barrier in May, smashed 1400 in November and surged to a peak of 1553.10 on Dec. 16 before settling at 1543.00 at the end of last week. The advance was fueled by the billion-dollar money managers who handle the investments of pension funds, insurance companies and bank trust departments. By the end of the year, even the most cautious of these institutional investors were under pressure to join the rush rather than risk missing the greatest bull market of all time...
...plastic pickles on the campaign trail), ready handshake and ability to remember the name of every constituent he met; in Austin, Texas. A former aide to Lyndon B. Johnson who was elected to his boss's old congressional seat in 1963, Pickle helped legislate major reforms to Social Security, pension...
...Divestment activists have begun to look beyond college campuses and towards “the logical next step—state pension funds,” according to Thomas-Jensen...