Word: pensionable
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Both Republicans and Democrats thought the Kennedy-Ives bill an effective measure to insure union democracy and to give control of welfare and pension funds to union members. The bill received the overwhelming affirmative vote of 88-1 in the Senate. Before the bill was considered by the House an extensive campaign was launched against it. Life, an unquestionably Republican magazine, attributed this lobbying campaign to the Teamsters, who seem to have a vested interest in racketeering, and to the National Association of Manufacturers and the United States Chamber of Commerce, who seem almost to prefer to keep racketeering...
...receipts, and there will be a decline in holdings this year." Now that the Government trust funds are reducing their holdings, Secretary Anderson said that the nation's private savings institutions should take up the slack. Since June, many insurance companies, savings banks, savings and loan associations and pension funds have kept out of the Government bond market, instead have been buying higher-yielding corporate bonds or stocks as a hedge against inflation...
General Motors has an offer on the table that parallels the economic terms of the Ford and Chrysler settlements--improved layoff pay, a new severance plan, higher pension benefits, and continued cost of living and productivity wage increases...
...fear of inflation, which has driven money from bonds into stocks. This has caused big investors to buy so heavily in such blue chips as Du Pont and U.S. Steel that Wall Streeters have started to complain about the "shortage" in these stocks. More and more institutions and pension funds are also going into the market, usually by buying blue chips. Last week trustees for the Bell System's $2.6 billion employees' fund announced that the fund would buy stocks for the first time, spend up to 10% of its total assets...
...make any substantial savings from being President," said Herbert Clark Hoover, noting with approval that Dwight Eisenhower had signed a bill creating an annual $25,000 pension for ex-Presidents. "My situation differs from other, and probably future, former Presidents," explained the 31st U.S. President. "America provided me with an education, including a profession [mining engineer], I practiced that profession in years when there was no income tax or only a small amount. I was able to save a competence.* I have considered that I have a great debt to my country for the opportunities it has given me. Therefore...