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Retirement Age #498022

NBC Evening News for Thursday, Mar 23, 1978
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(Studio) Congress action and president Carter's intention to sign bill raising mandatory retirement age to 70 reported Senator passage of bill by big margin reported.
REPORTER: John Chancellor

(DC) Bus. and education groups' lobby efforts to defeat bill noted. Senior citizen pro-bill lobby noted. Film of older workers shown. Exceptions cited: union contract workers, tenured eds., high salaried execs. Changes re: federal workers noted. German Chancellor Otto von Bismarck role in setting 65 year retirement age noted. Claude Pepper's actions reported.
REPORTER: Linda Ellerbee

(Studio) Effects of new law considered. Social Security aspect noted.
REPORTER: John Hart

(DC) Carl Moser case cited. Moser background given. Effect of law on present retirees considered. 200,000 yearly thought to continue work and not retire at 65. Effect considered. $400 million yearly savings in Social Security said anticipated. Assembly line workers considered. Employer participation in retirement program explained.
REPORTER: Tom Pettit

(Studio) Importance of bill stressed.
REPORTER: John Chancellor

Reporter(s):
Chancellor, John;
Ellerbee, Linda;
Hart, John;
Pettit, Tom
Duration:
00:04:00

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