Word: pension
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Dates: during 1960-1969
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...this week. One was Georgia's Richard Russell, making a last-minute fight for a federal laboratory to grade peanuts at Dawson, Ga. The other was Florida's George Smathers, working to save a bill that would grant tax relief to self-employed persons who set up pension plans for themselves...
...fringe benefits-what good is a "sure-thing" tip on the stock market if you haven't got enough money to take advantage of it? In any church I've known anything about, the minister pays at least half of that "paid un" pension plan...
...sure that anyone who understands clergy salaries will realize what is involved in the $8,000 salary. It represents base salary plus housing, plus pension, and, on some occasions, a travel and utilities allowance...
Dirksen, who was in the thick of nearly every fight on the bill, almost killed the entire package with his insistence on an amendment to permit self-employed persons to deduct up to $1,750 of gross income a year for payments to their own retirement pension plans-a proposal Kennedy hinted might bring a veto of the whole bill. To arguments that his provision should be treated separately, Dirksen replied: "If an egg is good, it is good whether it is served up alone or with a dozen other eggs; the measure is a good . egg." His amendment...
...that to generate this kind of credit in sufficient volume [a screech of brakes to avoid a swerving taxi], say on the order of a billion dollars a year [slow glide toward the light that had gone red], our great financial institutional investors such as the insurance companies, the pension funds and the savings banks must be induced to cooperate [another jackrabbit start toward the next light]." The self-possessed driver was David Rockefeller, 47, one of the world's richest men, grandson of Oil Baron John...