Word: pensioners
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Dates: during 1940-1949
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...David M. Kellogg, 34-year-old Seattle veteran who was awarded Russia's Patriotic War Order, First Class, as commander of a U.S. destroyer escort in the North Atlantic, discovered that his medal carried a monthly pension of 20 rubles for life. Fortnight ago he walked into the Soviet consulate in San Francisco, walked out with $462.79, for 26 months' back...
...strike last year by the Redlined Farm Equipment and Metal Workers' Union (C.I.O.) shut down eleven of the company's 22 U.S. plants. Only this week 8,000 Harvester workers ended a four-day walkout over the discharge of three men. Nevertheless, by profit-sharing and pension plans, McCormick eventually hopes to bring permanent peace...
Bets Closed. The Ford Motor Co.'s pension plan was finally voted down by the U.A.W.-C.I.O. in favor of an immediate 15?-an-hour raise (TIME, Sept. 29). The increase, said U.A.W., gave Ford the highest wage scale in the industry, $1.52 an hour, and 7? above the industry average. The same week, 19 of Ford's well-heeled employees were fired for gambling during working hours...
Both they and the Reutherites argued that the plan was inadequate; the Ford company could discontinue it in two years if it wished, though anyone pensioned in that time would continue to get his pension for life. (The Ford company said the two-year limit was set only so that it could make any changes found necessary after the plan was operating. It had no intention of dropping it in the future...
...first started here. But here I am. The young fellows think they'll go on to better things. But things like debt and family illness can stick you like it did me. Twenty years from now, most of them will still be here and wishing they had the pension...