Word: pensionable
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Dates: during 1950-1959
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...Fradens lived simply and both worked-Mrs. Fraden as a $6,3OO-a-year teacher in the public schools, her husband, a physician, at a $6,800-a-year post in the city health department. But they had managed to set aside a considerable nest egg; counting insurance, savings, pension benefits and some jewelry, they were worth in the neighborhood of $96,000-dead. Harlow found it ridiculously easy to kill his parents...
...patroness of chamber music; in Cambridge, Mass. She commissioned countless works by established composers (e.g., Bartok, Ravel, Copland) and struggling newcomers, gave a $94,000 concert hall to the Library of Congress (plus a $600,000 endowment), contributed $200,000 to the Chicago Symphony Orchestra's pension fund...
Browsing through the Washington Times-Herald one day last week, fierce old John L. Lewis came across an editorial denouncing union pension funds, with some rather unflattering references to himself. With eyebrows twitching wrathfully. Lewis wrote a letter to the Times-Herald's editor and publisher, fierce old Colonel Robert R. McCormick, who also controls the Chicago Tribune...
...Conceivably, the well-being of [the] 9,000,000 [workers with union pension funds] is not important to your editorial writer nor to the Times-Herald as such. Regardless of this fact, however, Colonel, it is my considered opinion that these 9,000,000 Americans will continue to regard their welfare plans as being important, however distasteful this may be to your newspapers or other individuals who consider themselves endowed by God with the right to make all social, economic and political decisions essential to the maintenance of the republic...
Many unions fear that older workers who are on a pension would take lower pay and thus depress all wages. But the attitude is changing. C.I.O. President Walter Reuther now denounces compulsory retirement programs as "socially wrong and economically unsound." Actually, the enforced idleness of oldsters is estimated to cost the nation $5 billion a year in lost production, more than the annual cost of all industrial and governmental pension systems...