Word: pensions
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Dates: during 1940-1949
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...explanation by the union. The steelworkers would pay some of their wages-2¼? an hour-into the insurance half of the fund, with Bethlehem chipping in another 2½? an hour for each worker. But the company would have to pay by itself the cost of a liberal pension plan, guaranteeing all 65-year-old steelworkers with 25 years of service minimum retirement pensions of $100 a month. Some would get more. This, Murray estimated, would cost Bethlehem 10? or 12½? an hour for each of its 80,000 steelworkers. In turn, the steelworkers were abandoning fourth-round...
Right Speed, Right Time. Gustave Marquot considers himself un capitaliste éclairé (an enlightened capitalist). He has set up a profit-sharing plan, health insurance, a pension fund. To combat absenteeism, Marquot has instituted an "assiduity bonus"-each worker gets 150 francs for each two-week period in which he has not been absent from work. There is no union at Marquot's. About 100 of his 400 workers once belonged to the Communist-dominated C.G.T., but the union fell apart six months ago when the secretary found himself unable to collect dues. Workers' gripes...
Inside Job. In Newport, Ky., after 45 members of the police department had voted on a trustee for their pension fund, Chief George Gugel called the whole election off: the ballot box contained 51 ballots...
There is the crux of the matter. Already a very active contributor to the "noncontributory" coal miners' pension fund, and with prospects of shortly assuming similar paternalism in behalf of the steel worker I don't see how I can conscientiously fail to do as well by the butcher, the baker, and the candlestick maker...
...seems that politics and not economics will decide Murray's course, whether or not he is correct about the pension question. He may or may not be right; but he won't have a chance to reach his decision on those grounds. It is unfortunate for the entire labor movement that this man, who has played this one hard but fairly and wisely all the way, should be boxed in by his own people...