Word: pensioners
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Dates: during 1950-1959
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JOHN L. Lewis' miners are being sharply reminded of how they have priced coal out of many markets. Pension and other benefits are being cut heavily because of lagging coal production (down 26% in the anthracite fields). Anthracite miners will have their $100 monthly pension cut to $50, and bituminous miners will lose their $30 a month (plus $10 for each dependent) disability...
Former baseball commissioner A. B. "Happy" Chandler lashed out at the club owners yesterday for trying to deny the players their share of the television rights for their pension fund...
...cheapening by inflation of every dollar you earn, every savings account and insurance policy you own, and every pension payment you receive has been halted...
...they served on the faculty an average of 32 years. Among them, they have 21 advanced degrees, have headed the college's major departments, have written scores of articles and books. But each retired before either the state or the college had an adequate pension program. Since retirement, the 18 have been living on an average monthly annuity...
...Americans want social security, they ought to pay for it. (The hike would also mean more revenue for the Government, and a smaller cash deficit next year.) Furthermore, unlike most taxes, those who will pay for the boost are solidly for it. Labor and employers, most of whose pension plans are tied to social-security payments, fear that unless social-security income is stepped up. benefits will suffer. While the social-security system is still young, the Government is piling up an annual surplus of income over benefit payments ($1.4 billion last year alone), and has built up a trust...