Word: pensionable
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...Penally." The U.A.W.'s soft-voiced vice president, Richard T. Leonard, tried hard to soft-pedal the "no penalty" issue. The union's negotiators were making a lot more noise about Ford's shiny new model for a pension plan. Six weeks ago, when Leonard himself proudly announced the plan, almost everybody cheered. The plan was a first long step toward old-age security for thousands of auto factory workers (TIME, July...
Leonard and other U.A.W. leaders now charged that the company had "reneged," that the pension scheme which the union was asked to sign was not the same as the one promised; parts had been added, parts left out. The union accused the company of downgrading its initial participation from an original $200,000,000 to about $180,000,000; of cutting an understood $15,000,000 in annual contributions to the fund about in half; of refusing to give the union a voice in administering the fund...
...basic old age pension rate is raised 20%-from $25 to $30 a month. (To be eligible, a person must be 70 years old, have lived in Canada at least 20 years...
There is one catch: the bill will not become effective until the nine provinces, which may add pension payments of their own, work out the details with the Dominion. Then the new legislation will cost Canadian taxpayers an estimated $65,500,000 a year in Dominion taxes (a $20,000,000 increase). But in the House, the only real opposition had come from members who thought that the Government was too stingy...
...last year's most singular and striking novels (TIME, June 24, 1946), seems to have written this psycho-thriller with his left foot. A khamseen howls for days in Cairo, wearing tempers thin as the hot, gritty sand seeps through the doors and windows of the Pension Malika Farida. On the fifth morning of the storm, Adela Manasse, wife of the pension's proprietor, is found dead in her tub, naked and smiling a "kindly" smile. How did she die and why did she smile? Original Sin explores this problem amid swirls of windblown sand and snarls...