Word: pensionable
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...population growth will be between those either too young or too old to work. Those over 65 will number 16 million by 1960 (v. 12.5 million now). But many of the old, at least, will not be a direct burden. With their incomes from fast-growing retirement and pension funds, they will create big new markets for small houses, travel, gardening, etc. They are already creating new demands for housing, living less and less with their children, more in small units by themselves. At the other end of the scale will be vast increases in markets for children...
...Holland, might easily have won fame & fortune as the hero of a P. G. Wodehouse novel. He is tall, languid, perennially short of cash and preoccupied with strange solutions for his problem. Lord Glenorchy has tried his luck as barman, bagpiper and laborer to supplement the $28-a-month pension he draws as a wounded veteran of the famed Black Watch Regiment. No luck...
...soon make a major speech defending it. He will argue that higher interest rates benefit the many rather than the few because there are more moneylenders than borrowers in the U.S. Among the moneylenders Humphrey includes anyone who has insurance in a mutual company or has money in a pension fund which invests...
...Madison, Ind. has been started out of the $20 million initial capital pooled by the power companies. To complete them and transmission lines, Ohio Valley Electric plans to sell $360 million of 3 ¾ % first mortgage bonds and $60 million in 4% notes to banks, insurance companies and pension funds...
...tell the unvarnished truth. He had worked for the Anaconda Copper Mining Co. and its subsidiaries for 34 years. The Truman Administration had brought him to Washington in late 1951 as minerals chief in the Defense Materials Procurement Agency. Lyon added that he draws a $5,000-a-year pension from Anaconda and that the pension is revocable at the will of the company. At that bit of information, Senators' eyebrows shot up. Washington's Democratic Senator Henry M. ("Scoop") Jackson said the fact that Anaconda could revoke the pension would put Lyon "at the mercy" of Anaconda...