Word: pension
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...bureaucrats proliferate their duties. One intrepid Italian insists that he had to fill out pounds of forms, in triplicate, for the files of nine different government offices, just to build a house. An Italian soldier, wounded in 1943 and certified in 1946 as 50% disabled, finally got on the pension rolls last month (with no retroactive pay). A businessman who filed a tax refund claim six years ago received the acknowledgment last week; he does not expect the refund for years. People who years ago ran two words together in telegrams find themselves summoned by registered mail, told to fill...
...things out. I talked and they listened. Can you imagine how it feels to have men like that listen to reason? Did you ever hear of confidence? Did you ever hear of people accepting a man on his bond? At a meeting three weeks ago, I put out some pension checks for the first time in the history of the Teamsters. I saw old people cry. I had ladies kiss me. Can you imagine what this means? This is the satisfaction...
...government has even been forced at times to import cattle, both for local consumption and for export as corned beef. Moreover. Uruguay's Swiss-style federal-council government must continue to pay 150, 000 government employees (in a population estimated at 3,000,000). carry on an elaborate pension plan, and absorb the losses of at least seven mismanaged nationalized businesses, e.g., liquor manufacturing, a repertory theater, railroads. The result is deficit spending on a grander scale each year-and consequent inflation...
MAJOR FRINGE BENEFITS by U.S. industry will top $12 billion this year, equal to 6% of total U.S. wage payments by private business. In 1956 alone, says Commerce Department, industry paid $5.71 billion for welfare and pension funds, $3.19 billion for old-age and survivors' insurance, another $1.85 billion for unemployment insurance, and $983 million for accident compensation...
...cover more workers and 2) boost the benefits without waiting to get the bill for past increases. For example, in 1954 Congress voted to let self-employed farmers retire at 65 if they paid Social Security taxes for only two years. Thus, for $252 a farmer could buy a pension of $108.50 a month for life (if single) or $162.50 a month (if married). Thousands of agile farmers came out of retirement to farm for two years in order to become eligible for benefits, then retired again. The result: some 375,000 farmers signed up for benefits, instead...