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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Sep 20, 1973
Page
2
The Senate approved a private pension reform bill aimed at ensuring vesting for workers after five years and full vesting after 15, while funding a government plan to guarantee benefits if employer plans fail. Critics said amendments to liberalize provisions would raise costs and scare firms from offering pensions.
Washington AP reports a proposed voluntary pension framework requiring workers to be admitted at age 30 with one year of service and 3 percent vesting after five years, plus escalating vesting, survivor benefits, and government advisory on private pension rights. Employers fund the plan with tax incentives for self employed and high income limits for executive pensions.
Washington AP reports cigarette smoking per adult 18 plus rises to about 205 packs this year, up nearly three from 1972. The Agriculture Department notes this compares with 216 packs in 1968, in a Quilock and Situation Board 1973 estimate released Wednesday.
AP reports five surviving Siamese sextuplets Nathan Catherine and Steven show symptoms of the late lung illness. The six-week preemie babies born Sunday face medical challenges as doctors describe John thriving on two tablespoons of milk per feeding and Jeffrey requiring antibiotic treatment for an umbilical infection.
Martin received the death penalty for the Yablonski killings after a jury verdict found him guilty on three counts. Judge Charles G Sweet upheld the death recommendation and ordered three consecutive life terms if the death sentence is overturned on appeal.
Paris reports show the US dollar and the French franc weakening on European forex amid speculation of a possible devaluation. Central banks including France, Germany, and Belgium intervene to defend floors while the Bundesbank buys dollars as a prop. The dollar opened strong then slumped as Tahe fears spread.
A weather update says Hurricane Ellen will move westward about seven miles per hour, southeast of Bermuda, posing no immediate danger to the United States. Details are unclear due to garbled text.
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