Word: retirees
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Dates: during 1980-1989
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Civil Service Pensions. Employees who were added to the federal payroll after last Jan. 1 are covered by Social Security, but some 2.8 million who were hired earlier as well as 1.9 million retirees or their beneficiaries enjoy a more generous plan. For example, after 30 years of service, they can retire on full pension at 55. The total cost of civil service pensions in fiscal 1984 was $21.9 billion. Reagan's budgeteers have outlined a fairly detailed plan to increase employee contributions to the program, reduce future cost of living increases in the pensions, and raise...
Bok, though, refuses to say whether his 1971 predictions still hold true. "Oh, The Crimson is always asking me when I'm going to retire," laughed Bok in a recent interview. "Well, I consider that a private matter, and I assure you that if I decide to retire, [The Crimson...
Mondale will make a last foray into California and Texas this week, but some Lone Star Democrats are already complaining bitterly that the Mondale campaign is using money originally targeted for a get-out-the-vote effort in Texas to retire his heavy debt left over from the primaries. "That...
Undeterred, the new editor hired young, iconoclastic writers whom he called "my city-room Weathermen," hailed the counterculture and turned the paper vehemently against the Viet Nam War. The Globe won its first Pulitzer Prize the year after he took over, for probing the credentials of a federal-judgeship nominee...
Pearson, who was chosen one of America's "10 toughest bosses" by Fortune magazine in 1980, said yesterday he will retire from the $8 billion-a-year operation this January.