Housewives hit by cut in retirement benefit
A study in the Social Security Bulletin analyzes the impact of eliminating the minimum $122 monthly benefit. Among 165 minimum beneficiaries who turned 62, 89 percent were women and 78 percent were housewives with limited labor force attachment, often linked to husbands who would gain larger benefits. Congress backtracked in 1981, restoring current beneficiaries and delaying new minimums to 1982.
MENTIONED IN THIS ARTICLE
Christopher Connell
Associated Press
Washington (Ap
Bruce D. Schobel
Steven F. McKay
Social Security Bulletin
Congress
Reagan
Schobel
McKay
Waste Management offers 63 million to buy Chem Nuclear stake
Waste Management of Oak Brook offers 15 a share cash for up to 4.2 million Chem Nuclear Systems shares, seeking to acquire about 53 percent and later the entire Bellevue, Washington firm. The tender runs to July 27, with Merrill Lynch White Weld and Kidder Peabody as dealer-managers.
MENTIONED IN THIS ARTICLE
Andrew A. Leckey
Chicago Sun-Times
Chicago
Oak Brook
Harold Gershowitz
Waste Management
Gershowitz
Merrill Lynch White Weld Capital Markets Group
Kidder Peabody & Co
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Chem-Nuclear
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Taiwan
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Aum
UNISA
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