Word: pensions
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Dates: during 1950-1959
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...nation's biggest unions last week made a bold, five-year pledge to continuing prosperity. They agreed to a contract guaranteeing 1) production without strikes for the five years of the contract, 2) an automatic wage increase every year, 3) one of the most generous pension plans in industry...
...University's now pension plan was discussed by H.U.E.R.A. and University representatives at a meeting on May 17. Members of H.U.E.R.A. have indicated that they are dissatisfied with the scheme because, although the workers contribute to it, they claim they have little say on how the plan is administered...
...union is expected to ask the University for a wage increase of about 25 cents an hour, a voice in its pension plan, equal wages for student employers, and either increased pay on holidays or vacations on these days. These requests are only tentative as yet, but Mulvihill expects that the University will be given the final proposals by tomorrow morning...
...Harry Truman, who left the Senate before he became eligible for its plan (maximum: $7,040 a year), is entitled to no pension as President. Nevertheless, he can collect $90 a month as a retired colonel in the Army Reserve...
Marion Folsom has been a sparkplug of C.E.D. since it was first organized in 1942. He helped lay the groundwork for the Social Security Act of 1935, has made Eastman Kodak's pension and profit-sharing plans so successful that they are imitated by many other U.S. companies. He has also urged that Social Security be expanded to cover everyone and that benefits be raised...