Word: pensionable
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...Pending national legislation on social security, "the question of any changes in the pension plan (will await) further general developments...
...fact that 85 per cent of the workers are already members of the Union. But concession today cannot be interpreted as indication of probable weakness tomorrow. It was only because of the basic willingness to modify unreasonable demands--for an $18 wage, an immediate closed shop, abolition of the pension plan, and provision for summer employment--that such an eminently satisfactory agreement could be reached...
...Because of present uncertainly as to national legislation affecting pensions generally," the University would make no move towards abolition of the compulsory pension plan, the workers' third demand...
...greatly simplified terms, the fictitious cases of Jenny and Suzie are the problems which the Administration must face in connection with the recent Union agitation about the Pension Plan. On one side is Jenny whose job is temporary, whose wages must fill an immediate need, and whose old age security lies with her husband. On the other is Suzie whose job is permanent, whose wages must fill a future need as well as an immediate one, and whose old age security depends on no one but herself...
...demands by the Union or provisions by the University have been made to boost the retirement income of low-wage employees. Suzie's case is therefore far more desperate than Jenny's. Obviously Suzie can not take much more out of her present wages to contribute to the Pension Plan and still keep her financial nose above water. Yet it stands to reason that she should receive something near the $35 income which is guaranteed to waitresses outside educational institutions and who are legally included in the Government's Social Security Program. Hence the University should step in and make...