Word: pensionable
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...There are now 113,916 Spanish American War veterans receiving an average pension of $75 a month from the Veterans Administration. The number is declining at the rate of about 900 a month. There are also 75,414 dependents receiving an average of $43 a month, and this number is still rising. As of Oct. 1, pensioners and dependents will receive 20% more, thanks to Congress. Estimated cost of Spanish American War pensions and dependency payments during fiscal 1948: $175 million...
...hours for the C.I.O.'s United Automobile Workers to make up its mind about what kind of a contract it wanted at Ford. The union had the choice of a straight 11½? increase plus six paid holidays or a 7?-an-hour pay boost along with a pension plan (TIME, Aug. 11). Ford had the U.A.W. over a barrel; if it failed to sign by midnight, the U.A.W. would be forced to give up its union shop or go to the NLRB for an election on it. At 11:59 p.m. the U.A.W. had not made...
...union's rules-such as the one forbidding editors to lay a hand on type -an apprentice learns how relentlessly the I.T.U. will take care of him. In a strike, it will pay up to 60% of his wage. In old age, it will pay him a pension, or put him up at the cozy Printers' Home at Colorado Springs. When he dies, it will fork over $50 to $500 in death benefits...
...increase in minimum subsistence and pension allowances (from $105 to $115 a month) for disabled veterans taking rehabilitation training...
...gentlemen's agreement." But, since the U.A.W. had brought the plan up as a strike issue, the company would also use it as a club; it threatened to withdraw the whole scheme. The union set a strike deadline. A long strike would surely cost the workers the shiny pension model which Ford had offered them. This week the strike was postponed pending more negotiation. But the threat of a struggle neither side wanted remained...