Word: pension
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Cherchez la Femme. Baer's wife insisted that her husband was dead. But Frankfurt State Prosecutor Heinz Wolf found that she had never initiated legal proceedings to have him declared so, even though that would have enabled her to claim a widow's pension. Investigators also discov ered that while ostensibly living with her father in a Hamburg suburb, she spent a lot of time in a cottage on the edge of the Sachsenwald, the home of a quiet-spoken woodcutter named Karl Egon Neumann...
...would have voted for Mr. Nixon"), took a salesgirl's position with a flossy local jeweler. She was to draw $50 a week for expenses, plus 5% on her sales. Her ladyship's friends explained that she is getting along on a $52-a-month British pension, with Lawford helping out by paying the rent on her house and anteing up a $150 monthly allowance. Peter's friends had another explanation. Snapped one: "Peter has always taken care of his mother. She's bugged at him because she's not accepted in the social swim...
Exploding Market. The number of private projects to provide housing for the elderly is growing fast; Social Security payments and company pension plans make it possible for more and more of the retired to live in such developments. One-fourth of the 15.5 million U.S. citizens over age 65 receive between $1,000 and $2,000 a year from Social Security and pensions. Their ranks will swell as pension plans expand and the number of those over 65 soars to 20 million by 1970. Recognizing the possibilities, the Federal Housing Administration has given the housing projects a boost; it guarantees...
PROFIT-SHARING & pension plans for employees are being set up by U.S. companies at a record rate. For the first nine months of 1960, the Treasury, which checks the tax arrangements of each plan, approved 7,729 new plans, a 40% increase over the same period last year...
...that provides baby bonuses, housing allowances, tax-paid medical care, and even off-track betting services. The islands have full employment, no poverty, but little wealth; more than 20% of the labor force is on the government payroll and nearly 50% of the population receives some sort of government pension. But tired of the controls and exorbitant costs of the welfare benefits, New Zealanders trooped to the polls, and, in a record vote last week, sent the socialist government to a crushing defeat, returning to power the conservative National Party...