Word: pensionable
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...industry, which for months has been free of major strikes, this was a disturbing symptom of trouble to come. Even more disturbing was the news that John L. Lewis was asking bituminous coal operators to give his miners a $1,200-a-year pension at 60 (after 20 years of service). If the operators failed to accede to this demand by Jan 1, Lewis would have an opportunity to call a strike in March...
...states who had so far not joined India. All but one (the tribesman ruler of Ranpur) are Hindus; their states are peopled largely by the aborigines. Patel ordered the princes to surrender all their powers. In return they could keep their titles, personal property, and get a tax-free pension (7½ to 15% of their states' incomes). More than a dozen, in a midnight ceremony, signed Patel's terms. Next morning, Patel got on a train for Nagpur, capital of the Central Provinces. But Patel's secretary did not turn up. The train waited an hour...
...David M. Kellogg, 34-year-old Seattle veteran who was awarded Russia's Patriotic War Order, First Class, as commander of a U.S. destroyer escort in the North Atlantic, discovered that his medal carried a monthly pension of 20 rubles for life. Fortnight ago he walked into the Soviet consulate in San Francisco, walked out with $462.79, for 26 months' back...
...strike last year by the Redlined Farm Equipment and Metal Workers' Union (C.I.O.) shut down eleven of the company's 22 U.S. plants. Only this week 8,000 Harvester workers ended a four-day walkout over the discharge of three men. Nevertheless, by profit-sharing and pension plans, McCormick eventually hopes to bring permanent peace...
Bets Closed. The Ford Motor Co.'s pension plan was finally voted down by the U.A.W.-C.I.O. in favor of an immediate 15?-an-hour raise (TIME, Sept. 29). The increase, said U.A.W., gave Ford the highest wage scale in the industry, $1.52 an hour, and 7? above the industry average. The same week, 19 of Ford's well-heeled employees were fired for gambling during working hours...