Word: pensionable
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...Inland Steel case and the pension issue was used as the primary example of the NRLB's compulsory bargaining decrees. The Board ruled that pensions should be determined by collective bargaining...
Following the lead of U.S. Steel Corp., most of the other steel companies last week upped prices an average of $4 a ton, or 4%. The rise was to compensate for higher costs, including the steelworkers' new pension program. Bethlehem Steel Co. was the first of the big steelmakers to tell just how much its new pensions would cost. Chairman Eugene G. Grace said: "Only a relatively small percentage of employees will . . . receive pensions, because the great majority of them either die or otherwise terminate their employment before . . . pensionable...
...increases had boosted the cost of steel's raw materials; another boost in coal prices was in prospect. But scrap, which is a major cost in making steel, was selling at an average of only $27.25 a ton, compared with $43 a year ago. As for the new pension program-U.S. Steel officials could not, or would not, say what it would cost the company in the first year (guesses by outsiders ran as high as $80 million a year...
...Philharmonic-Symphony Society of New York discovered that there's nothing like an oldtimey masked ball to attract partygoers. Staging a masquerade in the Waldorf-Astoria grand ballroom for its Pension Fund, the Philharmonic lured in 1,200 masked dancers, twice the number that attended two previous open-faced fund-raising parties. Among the celebrities and socialites who showed up (at $25 a ticket): the white-tied Marquess of Milford Haven and his American fiancee, Mrs. Romaine Simpson; black-tied ex-King Peter of Yugoslavia and Queen Alexandra; Warren Austin, permanent U.S. delegate to the U.N., and Mrs. Austin...
Wise Founder Higginson had taken other steps to insure stability. In 1903, he set up a musicians' pension plan, the first in any U.S. orchestra. That is one reason why Boston Symphony musicians stay around and learn how to play together. Eleven men have been in the orchestra 30 years or more, another 40 men more .than 20 years...