Word: pensionable
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Dates: during 1950-1959
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...adequate pension reserve fund, invested largely in Government or top-rated corporate bonds, and to a lesser extent in good common stocks, should be set up to assure the payment of benefits in good & bad years alike. In a feast & famine industry such as textiles, the reserve should be higher than in such steadier industries as chemicals and public utilities...
With the great upsurge in pension demands, there is increasing talk about lowering the retirement age. But some economists, noting that the life span is increasing, are beginning to think that the trend should be in just the opposite direction...
...have to be much for flexibility in retirement policies and wages for the older man. Management would have to provide lighter jobs for the aging worker; labor might even have to agree, in some cases, to an hourly wage cut for the older man. One thing is certain: higher pensions, like higher wages, will have to be paid for by industry-either by higher prices or higher productivity. And higher prices are not the answer. Said Eastman Kodak Co.'s Treasurer Marion B. Folsom, long an expert on pensions: "If we are to give more goods and services...
...could guarantee that any pension plan would work perfectly and give workers absolute security in their old age. But since the soundness of all pension plans is based, in the last analysis, on the soundness of the U.S. economy, the expansion of Social Security and spread of soundly financed private pen sion plans would contribute a great deal toward making the economy stronger. They would help iron out the economic ups & downs by putting an enormous amount of buying power in the hands of the elderly 7.6% of the population. In securing for them the good sociological harvest...
...Which still operates a pension program for some 240,000 retired railroad workers, collects $286,970,846 a year from roads and employees, pays out around $240 million a year in benefits...