Word: pensions
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Dates: during 1950-1959
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...York State Employees' Retirement System reported that because Governor Thomas E. Dewey is too young (48) and his period of public service (18 years) too short, he will not be eligible for a pension when he retires...
...President Truman forced both sides to accept arbitration. 2. Lewis backed down, signed a contract identical with that of 1948. 3. Lewis won substantial wage and pension increases for the miners. 4. The back-to-work movement among the miners forced Lewis to call off the strike. 5. A federal court threatened the union with a huge fine unless the strike were stopped...
...place in Symphony Hall on five Thursday nights next winter, will go on sale at any college that guarantees to sell them only to students. The tickets will all cost the same, around $1.50, and will be for unreserved seats. Proceeds from their sale will benefit the Orchestra's pension fund...
Billion-Dollar Raise. Thus hedged against both inflation and deflation, the auto workers promptly accepted, and crawled down from their $125-a-month pension demands. Instead, they agreed to the now standard $100-a-month pension, including social security. But a flip was added: if Congress raises social security payments, the union will get the benefit (to a maximum of $117.50 a month...
...supports under the market. The most notable are the fast-growing investment trusts (TIME, July 11), which are pouring some $500 million a year into the market, much of it from people who have never bought any stock before. In the offing are millions more from the huge pension funds now being set up by company after company. Just as individuals are shifting from bonds, which pay only 2%-3% interest, into higher paying stocks, so pension fund administrators are planning to put much of their money into blue chips and perhaps even some businessman's speculations (see tables...