Word: pensionable
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Breaking a long silence, University officials last night explained their pension plan for employees, asserting that it is more progressive than the pension system of industrial corporations and the federal government. The University, it was pointed out, is contributing $108,000 annually to the pension and insurance plans while the employees pay only $85,000. In most other pension plans, it was stated, employer and worker share the burden equally...
Their treatment under the University plan is actually more generous than it would be under the Social Security Act, it was said, as maids become eligible for pension payments under the University system after working a shorter period than would be necessary under the federal act. The Social Security Act requires that workers earn at least $2000 after January 1, 1936 before they can be eligible for payments, while the University requires three years preliminary service. It would take maids five years to earn enough money to qualify for federal pensions...
Leaders felt that maids as part time workers were entitled to more per hour than a steady worker of 40 hours a week. No maid works more than 26 hours, said Everitt, indicating that a weekly check for $8.88 was not an adequate living allowance. University pension and insurance plans are under discussion with Financial Vice-President Lowes. He stated that no conclusions had been reached...
...stadium, It's no go the country cot with a pot of pink geraniums. It's no go the Government grants, it's no go the elections, Sit on your arse for fifty years and hang your hat on a pension. It's no go my honey love, it's no go my poppet; Work your hands from day to day, the winds will blow the profit. The glass is falling hour by hour, the glass will fall for ever, But if you break the bloody glass you won't hold up the weather...
...prepared for that move. It must recognize that a passive attitude of accepting what other people do is not worthy of Harvard or likely to solve the greatest industrial problem of the present. For example, Harvard should have been one of the first to work out an Old Age Pension Plan instead of being one of the corporations that yielded when the whole country was talking about the inevitability of the scheme. An active, positive attitude towards finding how labor ought to be treated is called for, and not a policy of waiting until the country creeps ahead and then...