Word: pensions
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Dates: during 1950-1959
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...things out. I talked and they listened. Can you imagine how it feels to have men like that listen to reason? Did you ever hear of confidence? Did you ever hear of people accepting a man on his bond? At a meeting three weeks ago, I put out some pension checks for the first time in the history of the Teamsters. I saw old people cry. I had ladies kiss me. Can you imagine what this means? This is the satisfaction...
...government has even been forced at times to import cattle, both for local consumption and for export as corned beef. Moreover. Uruguay's Swiss-style federal-council government must continue to pay 150, 000 government employees (in a population estimated at 3,000,000). carry on an elaborate pension plan, and absorb the losses of at least seven mismanaged nationalized businesses, e.g., liquor manufacturing, a repertory theater, railroads. The result is deficit spending on a grander scale each year-and consequent inflation...
MAJOR FRINGE BENEFITS by U.S. industry will top $12 billion this year, equal to 6% of total U.S. wage payments by private business. In 1956 alone, says Commerce Department, industry paid $5.71 billion for welfare and pension funds, $3.19 billion for old-age and survivors' insurance, another $1.85 billion for unemployment insurance, and $983 million for accident compensation...
...cover more workers and 2) boost the benefits without waiting to get the bill for past increases. For example, in 1954 Congress voted to let self-employed farmers retire at 65 if they paid Social Security taxes for only two years. Thus, for $252 a farmer could buy a pension of $108.50 a month for life (if single) or $162.50 a month (if married). Thousands of agile farmers came out of retirement to farm for two years in order to become eligible for benefits, then retired again. The result: some 375,000 farmers signed up for benefits, instead...
...grave system of social security started by the company more than 100 years ago. Now it owns housing space for 12,000 families, builds new houses at the rate of 500 a year. For nearly every active Krupp worker, there is a retired worker drawing a healthy company pension. Krupp runs a hospital for its workers, maintains theaters, sports grounds, clubs, even operates its own food stores to force down the price of food for workers. Though unionized, Firma Fried. Krupp has never had a company strike...