Word: pensionable
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...credit to suggestions from the workers themselves, under the worker-management "joint plant committees" he set up with his unions. Luckman himself is behind such morale-boosting devices as meals at cost (average price 37?), liberalized vacations (up to three weeks for ten years' service), insurance and pension systems, abolition of time-clock-punching for salaried workers...
John Lewis lumbered into federal court this week to hear the verdict on whether or not he was in contempt of court. He had made a deal through Speaker Joe Martin which had settled, for the time at least, the 29-day coal strike and pension-fund fight which had brought about the strike. But he still had to answer to the law for waiting nine days before he obeyed a court order to send his miners back to work. His contention was that he had never sent them...
Under the new plan, pension payments will be based on average annual income rather than purchases annuities. University officials gave rising living costs as the main reason for the change...
According to vice-President Reynolds, the program "will provide considerably larger pension payments than heretofore for all eligible employees." A staff of 4,000 will ultimately come under its provisions...
...Shines. This week, Senator Bridges made a proposal for distributing the pension fund. His plan: $100-a-month pensions for miners over 62 with 20 years' service, who retired after May 28, 1946. Lewis had wanted to give $100 pensions to all miners over 60 with 20 years' service, no matter when they quit. Van Horn had never made any proposal; he had simply maintained that Lewis' plan was not legal and could never be supported on the 10? royalty which the operators are required to pay on every ton of coal mined...