Word: pensionable
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...Deal campaigners have said a great deal in general about the blessings of the Government's Old-Age Pension Law, practically nothing in particular about the tax feature of that act. Beginning Jan. 1 a tax of 1% per year will be levied on the pay of every U. S. wage earner, great & small.* An equal amount will also be collected by the Treasury from the employer. Example: A factory superintendent 40 years old makes $3,000 per year; his annual tax to begin with will be $30 (1% of $3,000); the factory management must match...
...father that its western half was lopped off to make a new see, young Lawrence was a baseball-playing student in Boston. In 1911, when Bishop Lawrence was hobnobbing with the elder Morgan and formulating the idea which later grew into his Church's $30,000,000 Pension Fund, his son was a tall, handsome Harvard senior, completing his course six months ahead of his class and returning to coach the fresh man baseball team. Schooled thereafter for the Church, Wr. Appleton Lawrence got his first cure in 1913, as assistant in Grace Church in Lawrence, Mass., where...
...some 800 investment dealers throughout the land, American Telephone & Telegraph Co. last week sold $150,000,000 of 3¼% debentures, biggest single issue floated by any U. S. corporation under the Securities Act of 1933. Another $25,000,000 was sold to A. T. & T.'s pension trust fund. Though some of A. T. & T.'s operating subsidiaries have taken advantage of prevailing low money rates to refund their bonds, this was the parent company's first move to shave interest charges on its own $450,000,000 debt. Another $150,000,000 refunding issue...
...American Legion's Willard Straight Post in New York lost its charter for a similar reason. Two years before, the Legion had reached the G. A. R.'s pension point of 1890, with payments extended to disabled veterans whose ailments were not War-connected. Last week Veterans' Administrator Frank T. Hines gently cautioned the Legionaries at Cleveland:"It is my advice that in the consideration of future proposals for the enactment of additional legislation beneficial to veterans and their dependents, due recognition be given to existing benefits and care exercised to avoid the possibility of claims...
Cried the American Veterans Association's Commander Donald A. Hobart of this long Legion step along the G.A.R. pension path: "The Cleveland convention . . . has definitely started the American Legion down the road to pensions for everyone...