Word: pensioners
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Dates: during 1960-1969
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...sessions, kidded with reporters, took dockside strolls to survey Bimini's natural resources ("Is that all you? he asked one girl in a tight sweater who sauntered past). There was at least some good news to justify his buoyant mood. Exclusion made him eligible for a $15,000 pension-half his regular congressional salary. Better yet, the New York Court of Appeals, highest in the state, lopped $100,000 off the outstanding libel judgment against him and ordered a lower court to reconsider another part of the judgment on technical grounds. This left him owing only some...
...Dave Beck was jailed for embezzling union funds and Jimmy replaced him. It could be a long way from the last. In addition to his eight-year sentence for jury tampering, Hoffa faces a five-year jail term for trying to steal more than $1,000,000 in Teamster pension funds, a conviction that is still being appealed through the courts. He will have one consolation. In jail or out, he will continue to draw his $100,000-a-year salary...
Oscar Robertson, NBA player representative, submitted the demands for a shorter exhibition season, pay for pre-season games, an improved pension plan, a guarantee that the present 81-game schedule won't be extended, and the right to play out an option in a contract...
...question is not academic. On construction alone, the churches spend $1 billion per year. Denominational pension funds - invested in stocks, bonds and mortgages - add up to more than $2 billion. The yearly purchasing power of the churches runs into still more billions; last year the Roman Catholic Archdiocese of New York alone spent $17 million on goods and services...
...more profitable. In less than 16 years, the royalty payments on the 50% exceeded $13 million; this year alone the church's share is expected to reach $2,000,000. Two weeks ago, in order to obtain funds, the archdiocese sold its interest to a group of 15 pension funds, universities, hospitals and individuals. It had to pay $1,000,000, covering legal fees and a commission, to the Wall Street firm of Laird & Co., which arranged the transaction. But the sales price, along with the yearly royalty payments, , meant a cool $25.5 million collected from Listerine...