Word: pensionable
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Said the Washington Post: "One of the many forms of tax avoidance encouraged by high wartime taxes is the establishment of private pension funds for highly paid executives." But top-bracket executives were not the only ones to benefit. U.S. industry is enjoying a boom in pension plans. Plans have flowered in one war-rich corporation after another, providing financial cushions for the old age of $30-a-week janitors, as well as $2,500-a-week movie stars...
...Toronto, the Veterans Association National Council proclaimed that the words "pensioners" and "pensions" must be stricken from the Canada Pension Act because they carry with them "the connotation of a hireling . . . one who is in receipt of an income as an act of grace." One of the Council's member organizations: the Canadian Pensioners Association...
...newsy New York Times gave its story of Pentecost Mass a busy headline: HOLY GHOST HAILED AS SPIRIT OF LOVE. *Jointly accused with Admiral Kimmel is Major General Walter C. Short. Both are now on ihe voluntary retired list, drawing $6,000 annual pension...
Incentive Pay? A pertinent financial question: why was the corporation so anxious to sell its president the stock? Officials blandly explained that Sinco is now 68, and is eligible to retire on an annual pension of $37,000. Therefore, something more than his $155,000-a-year salary was needed as an incentive to keep him running the corporation. But few oilmen believed that there was any danger of Sinco quitting. He had never been a quitter, not even during the ill-famed Teapot Dome scandal...
...years ago Hero Konowal got a job as chairman in the Parliament Buildings at Ottawa. He works seven days a week ($4 a day), mops floors, washes dishes for the char staff. In addition to his salary he draws a monthly wartime bonus of $18.40, and a $15 war pension (non-taxable). Out of his $1680.80 income, Philip Konowal last year paid $100 for war bonds, $230 for income taxes. Hero Konowal is grateful to his adopted Canada. Said he last week: "She fixes me fine...