Word: pensionable
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Dates: during 1950-1959
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...that the time has come when I must register my disapproval of your April 27 article on veterans' benefits, called "Tailoring the Dole." When the word "dole" is used, it is, to say the least, unkind. It places a stigma on all veterans who are receiving compensation or pension, regardless of the circumstances in a particular case...
...both a delayed cost of war and should be considered together. Many of us will refuse to get excited about veterans' benefits until they exceed the yearly interest charges. We will meet the problems of 1985 in that year and not in 1959. It is fortunate that pension legislation rests with Congress and not with TIME or the Administration...
Seventeen years later, incapacitated in hermitlike seclusion in Santa Barbara, four years before his death, he had just enough of the Sherman combativeness to fight and win a last battle for a $50-a-month Army pension that was his due for service in the War of 1898. Father Tom's entry on his pension application blank for nearest relative to be notified in case of death: his dead father, General William Tecumseh Sherman...
...there are also the vital "fringe benefits" provided by the federal government. Steered by the "social free market" philosophy of Economic Minister Ludwig Erhard, the government pumps 40% of its budget revenues into social uses. Every German worker and his family get government-subsidized medical care. State old-age pensions are now so high that trade unions are dropping their own pension plans...
Furthermore., the state-and local-government market for Government bonds is drying up. Once, most states specified that a large portion of their pension funds had to be invested in federal bonds. Today many permit them to be invested in higher-yielding corporate bonds. An even bigger Government market used to be insurance companies, mutual-savings banks, savings-and-loan associations and corporate pension funds. From 1952 through 1958, these institutions trimmed their federal-bond holdings from $23.9 billion to $20.6 billion, bypassed the Treasury entirely in putting more than $90 billion in non-Government investments...