Word: pensioners
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Dates: during 1930-1939
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...time of his retirement in 1933, his salary from the bank was at the rate of $202,500. He was voted a pension of $100,000 a year for life. In addition in recent years he also received salaries from: American Locomotive, $300 a month American Sugar Refining, $300 a month Armour & Co. (now nothing), previously $1,000 a month, still earlier $40,000 a year American Express (formerly) $3,000 a year Brooklyn-Manhattan Transit (formerly) $20,000 a year International Paper, about $2,000 Stone & Webster (formerly) $1,500 Underwood Elliott Fisher, about $2,000 Western Union Telegraph...
...bonuses, his own bonus excepted. "What usually happened was that my associates suggested the amount, and I cut it down." Q. He had not been charged when the bank lost money-the bonus system only worked one way? A. (Mr. Wiggin smiling faintly) "Yes." Q. How had his retirement pension of $100,000 been fixed? A. It had been voted by the executive committee and approved by the board of directors in a resolution proposed by Frederick H. Ecker (president of Metropolitan Life Insurance Co.) "to discharge in some measure the obligation of the bank" and because Mr. Wiggin...
...seem to care. Superintendent O'Shea, according to his Who's Who biography, will be 69 this week. But the school retirement board lists him as 70, retirement age. and last week announced that he would be automatically retired next Jan. i on a pension of $10,000 to $12,500. Said Dr. O'Shea: "The retirement board has it a year earlier and I'm going to let it go at that. I am not going to argue the matter...
...contracted disease while serving in their country's defense; that no person, because he wore a uniform, must thereafter be placed in a special class of beneficiaries over and above all other citizens. The fact of wearing a uniform does not mean that he should receive a pension because of a disability incurred after his service...
...Legion accepted this Roosevelt doctrine with good grace. It realized that its demands for prepayment of the Bonus and an over-generous pension policy had caused it to lose caste. Now, in its own words, it was out to "resell itself to the country" as a good citizen...