Word: pensioners
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Dates: during 1940-1949
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...hour a worker would go into a fund administered by an insurance company, would supplement the 1 1/4?-an-hour insurance program already in effect. After 30 years of service at age 65, workers would be paid enough out of the fund to give them a $100-a-month pension, counting in their Social Security. As Social Security increased, Ford's part of the obligation would decrease. Ford could count on a lessening of its labor turnover; workers could look forward to a more secure...
...Alternative. Except in some special cases, a worker lost all his credit in the company-financed pension fund unless he stayed with the company until he was 65 (or 60, if he had 30 years' service). If he quit his job before that (e.g., after 20 years' service), he was left with nothing but his Social Security...
...month with a record that will re-elect him to its presidency--in the face of both the raucous agitating of such Communist-led unions as the United Electrical Workers and the growing political strength of Walter Renther, who gave himself a big boost by coaxing a non-contributory pension plan from Ford last week...
...other pressure points are being hammered by unionists John L. Lowis and William Green. Lewis, always pretty much of a maverick, has been attacking Murray for dropping the fourth-round wage demands that the mineworkers are after. (They already have a non-contributory pension plan.) Green, AF of L head, is using the same reason to knock Murray's handling of the CIO--like Lewis, he doesn't think much of presidential fact-finding boards, and is using Murray's acceptance of the report as a club to attack...
...very weak ground, open to damaging accusations that he has given up on the fourth round and is going along with big business. Now, Murray was undoubtedly right from a long-range point of view when he dropped the wage demands and stuck merely to pensions; but his locals won't see it the same way as the public. To them, it could be made to look like betrayal--if the United Electrical Workers' propagandists make enough noise. And in the background is Reuther, the bright boy from Detroit, who would certainly like the presidency of the whole CIO. Reuther...