Word: pensionable
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...eight, that's what." But the king, it was plain, was no longer above timid, hesitant reproach. It wasn't too safe to criticize him openly: the old men didn't dare risk being blackballed by the union; they were too near pension time. And a coal miner's wife in Cinderella, W. Va., who wrote a letter to the editor protesting that John Lewis was "far too old and power mad," had bricks and rocks thrown through the window of her company bungalow last week...
...explanation by the union. The steelworkers would pay some of their wages-2¼? an hour-into the insurance half of the fund, with Bethlehem chipping in another 2½? an hour for each worker. But the company would have to pay by itself the cost of a liberal pension plan, guaranteeing all 65-year-old steelworkers with 25 years of service minimum retirement pensions of $100 a month. Some would get more. This, Murray estimated, would cost Bethlehem 10? or 12½? an hour for each of its 80,000 steelworkers. In turn, the steelworkers were abandoning fourth-round...
Right Speed, Right Time. Gustave Marquot considers himself un capitaliste éclairé (an enlightened capitalist). He has set up a profit-sharing plan, health insurance, a pension fund. To combat absenteeism, Marquot has instituted an "assiduity bonus"-each worker gets 150 francs for each two-week period in which he has not been absent from work. There is no union at Marquot's. About 100 of his 400 workers once belonged to the Communist-dominated C.G.T., but the union fell apart six months ago when the secretary found himself unable to collect dues. Workers' gripes...
...Should pension systems be set up for all U.S. industrial workers? Last week, after a survey of 1,000 industrial executives, Mill & Factory magazine reported that 78% of them would go along with some sort of company pension plan. Only 6% think the company should bear the entire cost. As for federal pensions, 89% would rather install company plans than pay for a major expansion of the Government's Social Security program. Growled One Midwest manufacturer: "Our whole system is degenerating to the point where something for nothing is a fad . . . The mad scramble...
Inside Job. In Newport, Ky., after 45 members of the police department had voted on a trustee for their pension fund, Chief George Gugel called the whole election off: the ballot box contained 51 ballots...