Word: pension
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Dates: during 1960-1969
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Prisoner of the Vatican. Pius refused the pension offered him by the Italian government, and settled down to live in St. Peter's as the "Prisoner of the Vatican." He died, embittered by his political failures, in 1878. When his coffin was carried to a final resting place at San Lorenzo fuori le Mura three years later, anticlerical Romans tossed mud at the mourners, unsuccessfully tried to seize the remains and dump them in the Tiber...
...Trenton, N J. The New Jersey State Cultural Center will contain an auditorium, a planetarium, a library and a museum. Part of a complex of new state capitol buildings now under construction, the Cultural Center will cost $6,000,000, is being financed by the New Jersey Teachers' Pension and Annuity Fund. The planetarium's dome will float over a reflecting pool, will house an "intermediate space transit instrument" which will project the heavens not only as they appear on earth but from the moon...
...have an aggregate annual income of $32 billion-nearly $9 billion from social security; $5.3 billion from private sources such as interest, dividends, rents, etc.; $11 billion from retainers or consultation fees, odd jobs and other employment; the rest from annuities, life insurance, public aid, company and Government pensions. And their total income will be increasing as the oldest generations (who tended by and large to depend on relations for support) die out, and as the effect of the huge expansion in company retirement plans makes itself felt. Today there are some 22 million employees covered by private pensions...
Father of the Senior Citizens Villages is tall, silver-haired George Henry McLain, 60, fiercely mustachioed and fiercely dedicated to the old people's cause. The Depression of the '30s gave him his lifework. "My father applied for an old-age pension, and what with all the humiliating things they made him do to get his piddling $15 a month, I channeled my anger into the area of aiding the elderly." For the past 23 years he has been at it, and to the 60,000 members of his California League, McLain is "Mister Senior Citizen...
...stock, and by the end of 1960 he owned 95% of it. Last year he sold a 43.4% interest in the company to Paris-based Australian Financier Joseph R. Nash and a U.S. consortium including the Morgan Guaranty Trust Co., Yale University, and the General Tire Co. pension fund. One reason for the sale was that Goergen was finding it hard to persuade German banks to meet his ever-mounting demands for expansion capital. But he also had a nonfinancial motive. Says he: "I see great advantages in cooperation with American firms in view of our common political outlook...