Word: deferring
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...Last week, Gettelfinger agreed to defer the automakers' scheduled payment to the voluntary employee benefit associations, or VEBAs, that is due next year. The VEBAs were created to help finance health care for retired workers. "This was a huge gamble for Gettelfinger," says Shaiken. Gettelfinger also suspended the controversial jobs bank, cutting off payments to some 3,600 workers idled by plant closings at the three companies. According to the local's website, the demand for board representation was linked to these concessions...
...doubt of Zardari's sincerity in his hostility toward the militants, he simply does not call the shots in Pakistan - a fact India's leaders may be more intimately aware of than their American counterparts. The Pakistani president's political weakness is not confined to having to defer to the military in all national security matters; he's had a hard time selling Pakistanis in general on the need to wage war on the extremists. The majority of his fellow citizens oppose cooperation with U.S. efforts against the Taliban and al-Qaeda. Even after the Marriott bombing, Pakistan's parliament...
From the union's perspective, the health-care benefits always represented deferred wages, says Jerry Tucker, a former member of the UAW board. In addition, as GM, Ford and Chrysler have cut their blue-collar payrolls in half, from 300,000 to 150,000, over the past three years, the health-care benefits have become more important, he says. "More than two-thirds of workers taking early retirement aren't eligible for Medicare. A lot of them didn't even want to retire," he says. UAW president Ron Gettelfinger said in the fall of 2007 that the VEBA trusts would...
...Uncertain how to proceed, Starr decided to defer to the DOJ, prompting the Holder meeting, which took place at 6 p.m. on Jan. 15. The deputy AG sat in silence as he heard the allegations. He knew they had to be investigated quickly. The question was by whom. His own department, run by Clinton appointees, had an obvious conflict. A new independent counsel could be brought in, but not in time to gear up for the President's Jan. 17 deposition. He saw no alternative but to let Starr's office carry the ball. Reno formalized the decision...
...Suffolk, said the reported compensation was so high because the university not only wanted to reward Sargent for his contributions throughout his 52-year tenure there, but also to compensate for years of being “woefully underpaid” and to entice the 75-year-old to defer retirement and stay on. In academic year 2006-2007, Harvard’s highest paid official was provost Steven E. Hyman, who brought home $549,683, including benefits and a two-year award paid in 2007. —Staff writer Alexandra Perloff-Giles can be reached at aperloff@fas.harvard.edu...