Word: pensioners
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Dates: during 1970-1979
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...pension bomb [Sept. 24] need not go off. Defusing is simple: require potentially productive people to produce. A hcalthy 70-or 75-year-old voluntarily livng on a pension financed for the most part by today's productive workers is livng on welfare. Jobs must be restructured to take seniors into account, and jobs must be available for seniors. If a person freely chooses leisure, he should not expect the productive working force...
...pension funds are running low, eh? I had better not plan on retiring until...
Many companies are searching for ways to make their benefit packages more cost-efficient as well as more satisfying to employees. One innovation is the "cafeteria" plan, which allows employees to select their own benefits beyond a certain level of required medical, pension and life insurance coverage. For instance, a middle-aged bachelor might choose higher contributions to his pension plan in return for reduced medical benefits, which he does not need since he has no family. At American Can, employees can forgo, say, annual medical checkups in return for an extra week of paid vacation. Says Senior Vice President...
...down the company's initial aid proposal partly because its $1.2 billion request seemed extravagant and partly because he wanted the automaker to induce unions, suppliers and other parties to join in its recovery effort. One intriguing possibility involves the United Auto Workers' allowing Chrysler's pension fund to be used as a source of cash-perhaps in exchange for worker representation on the board of directors or for some other say in management...
...million kitty, but may accept partly deferred wage or benefit payments in return for a voice in management by workers. Fraser, a fan of the West German system of worker representatives on boards of directors, said he is likely to ask for "representation on the board, limitations on investing pension money in South Africa, and setting aside money for socially desirable objectives. Worker representation cannot be a facade...