Word: pension
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...grave system of social security started by the company more than 100 years ago. Now it owns housing space for 12,000 families, builds new houses at the rate of 500 a year. For nearly every active Krupp worker, there is a retired worker drawing a healthy company pension. Krupp runs a hospital for its workers, maintains theaters, sports grounds, clubs, even operates its own food stores to force down the price of food for workers. Though unionized, Firma Fried. Krupp has never had a company strike...
...ease the blow, the War Office set up a special fund totaling nearly $140 million for severance payments, terminal grants and pensions. Examples: a colonel retired at 45 after 24 years' service can receive as much as $16,800 in severance pay, a terminal grant of $7,728, and a pension of $2,576 yearly. A sergeant retired after 17 years will receive $3,500 severance pay, a terminal grant of $630, a pension of $384 yearly...
...pilings of a new bridge. There is money in their pockets for ice-cold Carlsberg beer, Lucky Strikes and Ronson cigarette lighters, all on sale at a roadside stand when the lunch break comes. And the future for each of them is made rosier by the promise of a pension of $7 a month for life for everyone in the nation over...
...Pikes & Pensions. But to erstwhile foreign-aid defender Wayne Morse, the carefully considered bill was no more than "a gigantic hoax on the Senate and the people." To a chamber dotted with only half a dozen members, Morse proclaimed in his best monotone: "This country does not need, and should not seek, perpetual dependents anywhere in the world . . . Aid in this pattern may help to prop up an irresponsible government which professes friendship for this country and natters the administrators of this program. Sooner or later, however, the people of this country will pay a terrible price for this unmitigated...
Keeping Fit. In Pittsburgh, Fred Collins got four to eight months in the county workhouse for stealing a $78.75 pension check from his cellmate in the North Side police station jail...