Word: pensions
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Dates: during 1940-1949
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...steelworkers' Philip Murray could scarcely have been more overbearing. Jubilant over the presidential fact finders' recommendations that steel operators pay their workers up to 10? an hour for an insurance and pension program (TIME, Sept. 19), he wired U.S. Steel's austere President Benjamin Fairless: "Promptly and plainly advise me whether your companies are likewise willing to accept the recommendations of the board as a basis [for] settlement...
...Different Clothes. Fairless was for "proper" insurance and pension programs. By "proper" he meant programs to which the workers themselves contributed something. As for noncontributory welfare programs which provided benefits for the workers "at the expense of someone else" (i.e., management), this was "a revolutionary doctrine of far-reaching and serious consequences...
Nevertheless, the board told steelmakers and the steel unions to get back to company-by-company bargaining. They would have to make a start in that direction, in fact, when they negotiated pension and insurance terms...
...restored to duty as the Army's Quartermaster General. Major General Alden H. Waitt, 56, who had tried to wangle a second term as chief of the Chemical Corps by running down all his potential rivals, was sacked: he went into retirement on a $6,600-a-year pension...
...delegates got some evil-smelling doses to swallow. Leader of the House of Commons Herbert Morrison had sent up from London a cabinet decision that manual workers in nationalized industries for a period of two years must not even discuss pension plans with the nationalized boards running their industries. Said a Durham miners' leader: "Mind you, it's not that we trade unionists want to force the government into doing something the nationalized industries can't afford. We'd be perfectly willing to hold an inquiry on the point. But we're not going...