Word: pensionable
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Dates: during 1950-1959
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With Ste. Cunegonde as their patron, the Grey Nuns founded an asylum in Montreal's St. Henri tenement quarter in 1895. The grim, grey stone building was a haven for orphans and old people. The aged, living out their days on $25-a-month government pension checks, were lodged in bare upstairs rooms in the western side of the building; the children lived in the east wing...
Until last year, when he relinquished his directorship of the B. S. O. to Charles Munch, Koussevitsky each spring rehearsed and directed the Glee Club and Choral Society in a major work which they performed at the annual B. S. O. Pension Fund concert...
...People as Individuals." Reynolds officials had mulled over the project for a long time. They had observed that good industrial relations need something more than shorter hours, higher wages, free medical care and pension plans. Many employees found their personal problems so overwhelming that their working ability was affected. What was needed, Reynolds decided, was not simply psychiatry, but "the faith that gives purpose to life, belief in the ultimate victory of good over evil, and dependence on a wisdom greater than human reasons or resources...
...faculty members, upon retirement, receive a pension from the University. During his tenure, every professor contributes five percent of his salary toward his pension; the University adds another seven and one half percent...
...oldest existing corporation in the Western Hemisphere, Harvard University can teach many a sharp financial lesson to managers of industrial pension plans and other big investment funds. With the notable exception of John Hancock,* Harvard treasurers have usually invested the corporation's money wisely. Last week, in the Harvard Alumni Bulletin, Treasurer Paul Codman Cabot gave the first detailed explanation of the investment philosophy that has helped build Harvard's General Fund (endowment) to more than $250 million, biggest university fund...