Word: retirees
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The mood of the Louisville delegates was considerably cooler than that of the General Convention in Seattle six years ago, when the Episcopalians ebulliently adopted a controversial special program to aid racial minorities and approved a constitutional change to allow women to be seated in the House of Deputies. The...
Zambia's credit is so good these days, in fact, that it borrowed $150 million in Eurodollars last month. It then proceeded to pay out $226 million to retire the long-term bonds it had issued in 1969 when Kaunda took over 51% of the country's leading...
...after 30 years' service, regardless of age. Under the old contract, workers had to be at least 56 before they could exercise a "30 and out" option. The new plan becomes effective by stages over the next six years and also provides more generous payments. By 1978, a retiree will collect a pension of $700 monthly, including whatever Social Security benefits he has coming...
Under the old contract a worker could retire after 30 year of service with full pension benefits only if he had reached the age of 56. Full pension was $500 a month. But the employee suffered a reduction in benefits once he became eligible for and began receiving social security...
And there is also a problem between the young and the middle-aged. There are no older people on the line, because even before the new pact, assembly line workers were able to retire at age 56 with full pension benefits.