Word: pensionable
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About five years ago Jenny Jones and Suzie Smith graduated from high school and came to work in the Harvard Dining Halls at $500 a year. In 1937 the Pension Plan was started by the University and $12 was taken from the annual salaries of the two girls. The University added another $12 and the total annual premium of $24 was deposited in a Retirement Annuity for each girl with the Teachers' Insurance and Annuity Association. Last year they joined the A.F. of L. Dining Hall Employees Union, and, since both Jenny and Suzie face problems in connection with their...
...union 75 cents a month and want their money's worth. For this reason labor representatives have not stopped at a reasonable agreement. Their current demands not only ask for what amounts to a 50 percent wage increase over the 1937 level, but also attacks the University's cherished pension plan and its aversion to a closed shop. True to the history of American labor, the locals are taking a mile. Or trying...
Ways & Means' old Chairman Doughton, his spectacles quizzically pushed up on his forehead, presided over as rowdy a show as he has seen in his 28 years in Congress. The hearing room was jammed with Townsendites and other pension peddlers, for on the committee's schedule was no less a witness than Physician Francis E. Townsend himself. Far more unruly, however, were Congressmen anxious to outdo one another in doing for the old folks. Massachusetts' broadbeamed Republican Allen Treadway, whose State party leaders made an election alliance with the Townsendites, showed what was likely to happen when...
Founded by a dissident Townsendite named Arthur L. Johnson, General Welfare Federation now maintains the only year-round old-age-pension lobby in Washington. The General Welfare Act it proposes, promising $60 at 60, is based on a gross income tax of persons and firms, exempting only sums paid out in wages, taxes and interest. The plan is modeled after taxes now levied in Indiana and Hawaii, and the federation calculates it could raise $7,000,000,000 a year for pensions in the U.S. The General Welfare Act has 100 pledged supporters in the present Congress. Two of them...
...must consider that if we don't meet this issue we will have foisted upon us some type of pension legislation by States that will be very harmful...