Word: pensioners
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Dates: during 1980-1989
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Both were evident last week. Health and Human Services Secretary Margaret Heckler testified on Capitol Hill for a bill providing for enforcement of child-support payments. A group of Republican Congresswomen met with White House staffers to discuss child-support and pension reform. Schneider called the meeting "a significant signal that the White House is serious" about portions, at least, of the Economic Equity Act. This is a complex package of legislation on pension reform, tax relief, insurance discrimination and child-care issues developed by the Congressional Caucus for Women's Issues...
...Switzerland's Trade Development Bank. The deal puts American Express back into the mutual-fund market, which it left in 1975. IDS is one of the top ten American managers of mutual stock-and money-market funds. It runs 14 pools with total assets of $9.6 billion, manages pension portfolios worth $4.1 billion, and underwrites and sells life insurance and annuities. In all, IDS owns or manages assets valued at $17.6 billion...
...were later discovered on the Louisiana muskrat farm. Vermilion now collects royalties on 60,000 acres of land in Louisiana. Last year the company had profits of $1.6 million on sales of $6.2 million. It has only four employees and obviously no mandatory retirement age. Vermilion has a pension plan, but Boyd is not included...
...result will be a rate free-for-all that could make certain high-risk groups, like male teen-age drivers, uninsurable. Moreover, they contend that converting to unisex could cost the industry billions in added liabilities and administrative expenses. "The near-term jolt will shake the insurance and pension systems to their foundations," says Daniel McGinn, an official with the International Foundation of Employee Benefit Plans. "And the long-term impact could be disastrous...
...cause of the expected debate is a bill now pending in the City Council of Washington, D.C. Introduced by Councillor John Ray, a Democrat, the bill calls for immediate divestiture of the $30 million that the city's pension funds now invests in companies operating in the apartheid state, Washington, D.C.'s pension funds total more than $330 billion...