Word: pensioners
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Social Security. Slowly ripening in the House Ways & Means Committee was Franklin Roosevelt's tripartite proposal for 1) unemployment insurance; 2) old age annuities; 3) Federal subsidies to states that pension their aged indigent. Congressional enthusiasm over it did not run high...
...same time the House Ways and Means committee reported that unless the old-age pension bill was amended so that the federal government should pay the whole amount of such pensions, instead of half with the states, it would put an intolerable strain on state finances. The assumption is that no expenditures would strain the national treasury, or at least, that the political repercussions to such expenditures are not so great as they would be in individual states...
...Federal Government will pay half the amount of State pensions to poor persons now over 65 but not more than $15 a month. If such a pensioner leaves any estate, however, the Government will claim from it the total amount of Federal contributions to his pension...
...McGroarty Bill called for the Townsend Plan-$200 a month pension for every well-behaved oldster over...
...wage. Thus if a man works at a wage income of $100 a month for 45 years he will have contributed $1,050 to the annuity fund and his employers an equal amount. The total sum, $2,100, even with 3% interest added, cannot provide many $40-a-month pension payments. On the other hand a man of 20 cannot expect on the average to live beyond 66 so that the Government figures on breaking even...