Word: pensions
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Dates: during 1970-1979
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...desheim, convenient to the Rhine and the wine country. A three-hour boat ride from Rüdesheim to Koblenz costs $15 in modern steamers with breath-catching views of castles at almost every bend. A double room in a decent hotel costs between $25 and $35 daily; a pension costs about $10 per person, with breakfast...
...this amount, 570 is not included in the guideline calculations because of various exemptions granted by the Administration. For example, since retirees have no voice in the ratification and are technically not part of the bargaining, the White House agreed to exclude the cost of increasing their pension benefits. If these exemptions were included, the wage-and-benefit boost would come...
...well above its after-tax profits, which came to $2.7 billion. Of that sum, Exxon paid out about 55% in dividends to its 695,000 stockholders. They include not only a great number of small investors (no single stockholder owns more than 0.1% of the shares), but also pension funds, banks, universities and other institutions. In effect, these institutions manage the money of millions of ordinary wage earners-the very people, in fact, whom Carter now urges to rise up and keep the oil firms from having an excuse "to cheat the public and to damage the nation...
...dissidents will play no direct role in negotiations, their views accurately reflect those of many union members who have not joined them. The national leadership feels that a big settlement would help quiet members' broad complaints about unsafe working conditions, compulsory overtime and mismanagement of pension funds. If Fitzsimmons settles for too little, he risks handing the dissidents a major arguing point in future struggles...
...hope this settlement will mark a turning point in Harvard's pension policy. Now the University should move to revamp its pension plan which discriminates against hourly employees...