Word: pensionable
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White House Help. Five days before, Federal Mediator Cyrus Ching had stalked out of a negotiating session, throwing up his hands in despair. Actually the mediation meeting had lasted only 2½ hours. Phil Murray, out for big game, refused to budge from his insistence on discussing pension demands (although, under the contract, he was only entitled to open wage and insurance negotiations this year). Profit-fat steelmen* as stubbornly dragged their feet on wages as long as the union wanted to talk pensions, too. At that deadlocked point, Murray looked hopefully to the White House...
...York bus riders. Ignoring a no-strike pledge he made only two weeks ago, and blandly passing over the original excuse for the strike, Quill threatened to keep the boys out until he got them an extra 21? an hour, a 40-hour week and a whole string of pension and welfare concessions...
Five months ago he got a chance to strike back at Ward, who had piloted the company through the lushest days of its World War II boom. Ward had decided to retire (the board had voted him a $25,000-a-year pension for life). Sherman Fairchild (who still owned 95,000 shares) formed a committee to defeat the pension. Ward was alarmed and withdrew his plan. Fairchild went ahead with his committee. Its new purpose: to oust Ward...
Also beyond the budget are uncounted hundreds of other expenditure bills-everything from a crossroads postoffice on up. Biggest of the independent bills is the veterans' pension plan which Mississippi's John Rankin rammed through the House; the VA estimates it would cost an average of $1.4 billion a year...
...Workers Union reluctantly decided not to ask for wage increases for its 120,000 members in the cotton-rayon industry when the present contracts expire in September. The Ford Motor Co. also decided the time had come for plain talking. It turned down the U.A.W.'s wage and pension demands and proposed freezing wages for 18 months. Said Ford's Bargainer John S. Bugas: "It would be utter folly to take any action which would increase the price of our products." The A.F.L. agreed. In its official Monthly Survey it warned that wage demands could force employers into...