Word: pensionable
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Dates: during 1950-1959
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Ever since the war, thousands of Austrian couples have been living together without benefit of holy wedlock. Pensions, not passions, are to blame. Widows of public servants and war widows get a pension ranging from $24 for the wife of a streetcar driver to $80 for the wife of a field marshal-but the money stops if the woman marries again. The result has been a flood of what the Church calls "pension concubines." Laymen prefer such gentle euphemisms as "life companions." But however tolerant the neighbors, many Catholic concubines are unhappy about being cut off from the sacraments...
...dividends, which are now taxed twice-as corporation earnings and as stockholder's income. Republicans have defended the plan on the ground that millions would benefit from it, because of the wide ownership of stocks. While it is true that members of industry's many pension plans (which are big buyers of stocks) would stand to gain in the long run from lower taxes on dividends, the facts of direct stock ownership tell a different story. The Brookings Institution has found that only 4.2% of the U.S. population own stocks. A recent Harvard survey showed that between...
Before a meeting of 400 insurance executives in Chicago last week, a growing problem was posed. The problem: the danger of racketeering in the administration of big union welfare and pension funds. The man who posed it was Martin E. Segal, Manhattan consultant for nearly 500 such funds. Said he: "Some individuals have used the welfare funds for their own private gain rather than for the benefit of the workers and their families...
...grown, nobody knows. But Segal estimated that they have contributed materially to the growth of group life, health and annuity insurance premiums, from $1.86 billion in 1950 to an estimated $3.05 billion last year. In 1950, he said, 5,000,000 people, triple the 1948 number, were covered by pension plans, and he believes the figure has since swelled to 10 million...
Then it was learned that 1) Beeson was merely taking leave of absence as industrial-relations director of the Food Machinery and Chemical Corp. and expected to return there after one year on the NLRB, and 2) he stood to get a pension from the company. Since this raised an obvious conflict-of-interests issue (Beeson was still technically in the employ of a company that could be affected by his NLRB votes), further committee hearings were called. When he got up to play out his Rome-burning scenario, Beeson promised to resign outright from the company and to renounce...