Nixon pension reform bill seeks benefits at age 50 or earlier
Labor Secretary Hodgson urged approval of a bill guaranteeing retirement benefits when age plus years worked equals 50. He argued the plan protects older workers with less chance to obtain pensions from new employers. He dismissed a broader measure as too large and unbalanced. The proposal would vest benefits after 45 years employed, introduced by Senators Williams and Javits.
MENTIONED IN THIS ARTICLE
Washington
UPI
James D. Hodgson
Senate Labor
Hodgson
Harrison A. Williams Jr
Tans
Senate Labor and Public Welfare Committee
Jacob K. Javits
RNY
Rule 50 vesting plan would change pension participation
Administration proposals set 50 percent triggering vesting plus 10 percent yearly increases. Rule 50 targets 81 percent of workers to 45 percent vesting overall and 92 percent for those 45 plus. Williams-Javits would grant 20 percent vesting after eight years with 10 percent yearly increases to reach 45 years. Present workers would start anew under new plans. Hodgson cites balance between older retirees and younger workers.
MENTIONED IN THIS ARTICLE
Hodgson
ITT Accepts Injunction On Sale Of Securities
The SEC said ITT, two executives, a New York banker, and an Italian company consented to a permanent injunction barring further securities law violations in ITT stock sales. The case in New York federal court alleges use of inside information before a major antitrust settlement was announced. The action follows a similar suit filed recently seeking to curb ongoing violations in ITT stock dealings.
MENTIONED IN THIS ARTICLE
Washington
Securities and Xchange Commission
International Telephone & Telegraph Co
ITT
SEC
New York
Classified Ads Urge Readers to Seek Better Jobs Today
A brisk note in today's classifieds encourages readers to explore higher paying opportunities. It highlights job listings and employment resources, urging proactive steps to improve earnings and career prospects. The tone is urgent and practical, matching the paper's service-focused pages.
Fills Grounded Again Over Seventh Crash In Four Years
The Air Force has grounded about 215 FIL swing-wing fighters after the 22nd crash, as crews examine last Sunday's Eglin Base loss in which two crewmen died when the parachute failed to deploy. Previous incidents include April 1971 and June 1969 events, with multiple causes cited from pilot error to mechanical fault.
MENTIONED IN THIS ARTICLE
Mountain Home Afb
Air Force
Nevada
General Dynamics Corp
Tactical Air Command
United States
Mountain Home Air Force Base
Idaho
Nellis Afb
Cannon Afb
New Mexico
Upper Heyford
England
Strategic Air Command
Also Mentioned on This Page
Internal Revenue Code
Treasury Department
Williams-Javits
Labor
Treasury Departments
Congress
Devon DeMoss
Kingsburg
Calif
Staci Person
Staci
Sweden
AP Wirenhote
Canoga Park
Topanga Canyon Blvd
Roscoe
Failar
Slyie
Downey
Paramount
Asteveshery's
Fies & Lew
West
Los Angeles
Westwood Blvd
Garden Grove
Garden Grove Blvd
Glendale
North Broad Blvd
Long Beach 740,Long Beach Blvd
Sherman Oaks
Ven
May Blvd
Hawthorne
Hawthorne Blvd
Bee Topanga Ganyon Blvd
eNo
Banner
America
Rmills
Long Beach Coast
Lakewood Bellflower
Antene Een
Lakewood Blvo
Taresen Meden and
Olerton Som ‘Oramglinonpe
LM Mso
Lomita Torrance
Wiscars
Oltmndale
Gatown
Cruchaw
Westminster Orange
Westminster
TUNG
PAO
Lyna Wit
Compton Lynwood
Ipis
Long Beach Blvd
Howie
RAND
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