Pension Act Aims to Secure Private Plans for Workers
The act guarantees vesting when workers change jobs or companies fail, creates the Pension Benefit Guarantee Corporation to insure plan assets, tightens funding rules, and allows personal retirement plans with tax credits. It covers private nongovernmental plans with 25 million to 35 million workers, with survivor benefits and new insurance for retired and vested workers.
MENTIONED IN THIS ARTICLE
Leonard Woodcock
United Auto Workers
Pension Benefit Guarantee Corporation
Tension Benefit Guarantee Corporation
Federal Deposit Insurance Corporation
Newark Unrest Spreads Amid Puerto Rican Tension
Police blocked downtown streets in Newark as unrest from a Puerto Rican community flare escalated. Mayor Gibson urged residents to stay home while police used bullhorns to quell crowds. Two housing projects saw clashes with gunfire reported, eight arrests for assault on an officer, fires set, and hospital injuries noted. Gibson planned a full inquiry into Sunday’s festival violence and ordered monitoring of police activity after a large crowd gathered near City Hall.
MENTIONED IN THIS ARTICLE
Newark
Kenneth Gibson
Broad Street
Hubert Williams
Columbus Homes
East Ward
Seventh Avenue
Gibson
Dibson
Berard Moore
Branch Brook Park
Food price trends show 1974 outlook and August changes
The Agriculture Department predicts retail food prices will average at least 15 percent higher in 1974, with a softer rise later. August saw widespread increases in eggs, coffee, butter, and sugar, while some items like orange juice declined or stayed the same. in Los Angeles area the 15-item basket rose 4 percent.
MENTIONED IN THIS ARTICLE
Agriculture Department
Neat
Albuquerque
Los Angeles
Long Beach
Fiournoy Challenges Reagan in California Campaign
Flo u r n oy focuses on inflation relief and a fair farm labor bill while proposing use of state credit to back private housing loans to lower mortgage costs. He also suggests expanded paramedical care to cut health expenses as he tours from San Diego to Alturas, addressing voters and labor views amid a crowded campaign week.
MENTIONED IN THIS ARTICLE
Reagan
Fiournoy
San Diego
Thaja County
Flournoy
Alturas
Modoc County
Cucamonga
San Bernardino County
Jack Benny
Meany links confidence gap to economic ills
AYL-CIO President George Meany says a national crisis of confidence in government underpins the economy. He calls for blunt truth from Ford, shifts in policy, and a program to boost housing, curb exports of scarce goods, and redirect credit to high priority projects.
MENTIONED IN THIS ARTICLE
Washington
Ayl-Cio
George Meany
Meany
CBS
Presteen Ford
Nixon
U.S
Brown Campaign Highlights 5-Point Plan at Alameda Picnic
Brown unveiled a five point program in Alameda County stressing no tax hikes, a tougher consumer oriented Public Utilities Commission, a strengthened state Department of Consumer Affairs, a state productivity council to optimize tax dollars, and job training loans via a California bank for education. At a Los Angeles breakfast a minor moment arose over Prop 9 with John F Henning and labor leaders.
MENTIONED IN THIS ARTICLE
Brown
Alameda County
George McGovern
California
Public Utilities Commission
State Department of Consumer
Arts
State Council of Economic Advisers
California “Bank For Education
Los Angeles
Paul F. Meister
Uniati
People's Lobby
Ralph Nader
Sroup
Common Cause
Afl-Cio
Meister
John F. Henning
Henning
Bishop Brown
Arrogan
Eas
Jenning
Also Mentioned on This Page
Aob Independent
Pension Law
Anl
City Hall
Claremont
Assembly
Viourney
Richard Nixon
White House
Carl
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