Word: pensions
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Dates: during 1950-1959
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...ease the blow, the War Office set up a special fund totaling nearly $140 million for severance payments, terminal grants and pensions. Examples: a colonel retired at 45 after 24 years' service can receive as much as $16,800 in severance pay, a terminal grant of $7,728, and a pension of $2,576 yearly. A sergeant retired after 17 years will receive $3,500 severance pay, a terminal grant of $630, a pension of $384 yearly...
...pilings of a new bridge. There is money in their pockets for ice-cold Carlsberg beer, Lucky Strikes and Ronson cigarette lighters, all on sale at a roadside stand when the lunch break comes. And the future for each of them is made rosier by the promise of a pension of $7 a month for life for everyone in the nation over...
...Pikes & Pensions. But to erstwhile foreign-aid defender Wayne Morse, the carefully considered bill was no more than "a gigantic hoax on the Senate and the people." To a chamber dotted with only half a dozen members, Morse proclaimed in his best monotone: "This country does not need, and should not seek, perpetual dependents anywhere in the world . . . Aid in this pattern may help to prop up an irresponsible government which professes friendship for this country and natters the administrators of this program. Sooner or later, however, the people of this country will pay a terrible price for this unmitigated...
Keeping Fit. In Pittsburgh, Fred Collins got four to eight months in the county workhouse for stealing a $78.75 pension check from his cellmate in the North Side police station jail...
...racketeering mess exposed by the Senate's McClellan committee hearings, Labor Secretary James P. Mitchell got red-carpet treatment. With Ike's approval Mitchell will throw the Administration's weight behind: 1) passage of legislation (which Ike has already requested three times) that would require union pension- and welfare-fund statements to be filed with the Justice Department and made public; 2) a move to seek congressional authorization for the Labor Department to make public the 38,000 union financial statements filed each year under a Taft-Hartley provision. Predicted Mitchell: "The labor movement will emerge from...