Word: pensions
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Dates: during 1940-1949
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There was one small sign of industrial amity. In Detroit, the United Automobile Workers made peace with Ford on the basis of a 7?-an-hour pay increase and a new pension plan-the first in any major auto contract (see BUSINESS). The plan gave some promise of removing insecurity, which in the end underlies all labor strife. Labor leaders and management both hailed it. But it did not affect the main issue. Across the nation, labor's fight on the Taft-Hartley Act would go on until every sentence had been challenged and bitterly tested...
Little, red-haired Emily retired in 1934. On Denver's standard $50-a-month teacher's pension-all that Emily would accept -she settled down in a pine-slab mountain cabin at Pinecliffe, 35 miles northwest of town, with her invalid sister, Florence...
...Maggie discouraged strangers from coming up the mountain. They came down only to vote the straight Republican ticket, to pick up supplies and to get their old-age pension checks. The checks were one modern convenience to which Gil had no objection. With them, he and Maggie got along fine until the winter of 1946. Then they fell sick, almost froze to death, and were taken by a rescue party to a hospital at Suffern. When they got well, they were sent to the Rockland County poor farm...
...lunch with his staff in the White House mess, a dinner party, with Mrs. Truman and Daughter Margaret along, at Washington's swank F Street Club. Among his birthday presents: three dozen ties, a Panama hat, 63 roses and congressional talk of something more substantial-a pension of $50,000 a year on retirement. After paying taxes and White House operating expenses, he had only about $4,200 left of his $75,000 yearly salary. But delivery of that gift was uncertain...
...some of them were shocked when the Bell-controlled board of eleven directors awarded him 1) a five-year contract at a minimum of $55,000 a year; 2) a $160,000 annuity which would add some $10,000 to the $18,000-a-year pension which he is slated to receive at 60; 3) a royalty of $5 for each unit sold over 5,000 of a motorized wheelbarrow that Bell invented. The directors also set up a stock option plan for Bell to buy up to 50,000 shares of common at prices as low as half...