UTILITIES: $125 a Month

New York City's $1.5 billion Consolidated Edison Co. serves 2.6 million customers, more than any other private gas & electric company in the world. Last week big "Con Ed" decided to improve its 53-year-old pension system, announced a plan which union & management say is one of the best in the country. Beginning April 1, all 30,000 Consolidated Edison workers who reach the compulsory retirement age of 65 and have 30 years of service will get a pension of at least $125 a month (including Social Security benefits), and a majority of employees will get more. The company will...

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