Word: pension
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After working on this politically fused problem for five years, the Eisenhower Administration last week sent Congress a well-turned bill to trim the abuses, keep pension totals from orbiting clear into outer space...
...already among the 2,100,000 drawing "disability compensation" for an in-service injury (75% noncombat), any man who wore the uniform 90 days can at 65 get a full federal pension ($78.75 to $135.45 a month) simply by showing 10% disability (virtually automatic at 65), and proving that his own annual income is less than $1,400 ($2,700 if he has dependents). A wife's income does not disqualify him, nor does any amount of property...
...worst is yet to come. Present laws will triple pension costs by 1985 as the veterans...
...state--an unmodified laissez faire form of government." Accusting Opitz of "irrelevancy," Adams asked about "areas--such as cyclical unemployment and old-age--where private enterprise has shown itself deficient." The moderator then invited Opitz, who was in the audience, to defend his views. Declaring that charity and private pension plans should aid the aged, Opitz said government financial "manipulations" have led to unemployment and depressions...
...pockets of 1,250,000 steelworkers. This is money, says the union, that will bring real benefits to the economy. Union Boss Dave McDonald is not so much interested in a hefty wage boost as in fringe benefits, whose cost is less evident. He is likely to emphasize pension terms, better hospitalization and medical plans, more generous unemployment benefits. But the big firecracker that is sure to set up a ringing in management's ears is a share-the-work plan to reduce the dangers of unemployment by giving each worker a three-month vacation with pay every five...