Word: pensions
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
About five years ago Jenny Jones and Suzie Smith graduated from high school and came to work in the Harvard Dining Halls at $500 a year. In 1937 the Pension Plan was started by the University and $12 was taken from the annual salaries of the two girls. The University added another $12 and the total annual premium of $24 was deposited in a Retirement Annuity for each girl with the Teachers' Insurance and Annuity Association. Last year they joined the A.F. of L. Dining Hall Employees Union, and, since both Jenny and Suzie face problems in connection with their...
...greatly simplified terms, the fictitious cases of Jenny and Suzie are the problems which the Administration must face in connection with the recent Union agitation about the Pension Plan. On one side is Jenny whose job is temporary, whose wages must fill an immediate need, and whose old age security lies with her husband. On the other is Suzie whose job is permanent, whose wages must fill a future need as well as an immediate one, and whose old age security depends on no one but herself...
...demands by the Union or provisions by the University have been made to boost the retirement income of low-wage employees. Suzie's case is therefore far more desperate than Jenny's. Obviously Suzie can not take much more out of her present wages to contribute to the Pension Plan and still keep her financial nose above water. Yet it stands to reason that she should receive something near the $35 income which is guaranteed to waitresses outside educational institutions and who are legally included in the Government's Social Security Program. Hence the University should step in and make...
...union 75 cents a month and want their money's worth. For this reason labor representatives have not stopped at a reasonable agreement. Their current demands not only ask for what amounts to a 50 percent wage increase over the 1937 level, but also attacks the University's cherished pension plan and its aversion to a closed shop. True to the history of American labor, the locals are taking a mile. Or trying...
...must consider that if we don't meet this issue we will have foisted upon us some type of pension legislation by States that will be very harmful...