Word: pensionable
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...Government last week abandoned the 1917 policy of compensating only World War veterans disabled in military service and prepared to make a large and significant shift to a pension system of the sort that has followed every other war. This fundamental change was accompanied by a thumping veto from President Hoover and much wild and excited legislative scrambling, with the Senate in open defiance of the President and the House- bowing to his will...
Compensation Plan. When the U. S. entered the War, President Wilson inaugurated the war risk insurance system as a means of avoiding the kind of pension payments which were such a scandal after the Civil War. In 1919 was inaugurated the system of compensating those actually disabled in War service. Veterans' organizations proudly disapproved of any pension system and the whole structure of governmental aid was built away from that old practice. On the theory that they would never be pensioned, veterans demanded and received from Congress a Bonus which was called "adjusted compensation." The word "pension...
...Federal aid. Soon developed cases of men whose service disability was questionable. Congress thereupon declared that any veteran taken ill before 1925 should be presumed to have contracted his disability from the War seven years before. Despite this legal stretching, the system remained one of compensation and not of pension...
...years wore on, more millions were supplied to carry out Mr. Carnegie's design. Originally intended simply to pension superannuated pedagogs, the Foundation began a campaign of thoroughgoing educational research. To date it has published 50 fat, dun-colored bulletins and reports. President Pritchett had to bear the brunt of hostile criticism when, in 1918, the Foundation ceased giving further pensions, inaugurated instead the Teachers Insurance & Annuity Association (assets: $18,992,018) which insures the beneficiary at cost. In the U. S. and Canada 8,132 provident pundits are now guaranteed old-age annuities...
Albert Bacon Fall, 69, infirm, bribe-convicted (at liberty under bond) Harding Secretary of the Interior, applied to the U. S. for a Spanish War pension in recognition of his service as Captain of Company H, 1st Volunteers, Territorial Infantry. Mr. Fall is in serious financial straits: his New Mexico ranch was lately sold to meet creditors' claims; the U. S. is trying to collect $235,325 back income taxes from him. If his application is pension-worthy he will receive, per month: at most. $72; at least, $40, according to disabilities proven...