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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.

(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

Chancellor, John;
Ellerbee, Linda;
Hart, John;
Pettit, Tom

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