Word: plans
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Dates: during 1930-1939
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When asked to comment upon the Pension plan, a University Hall pension authority issued the following statement...
...majority of the University's long-service employees the University pension and insurance plan now provides for larger pensions than would be received under the terms of the Social Security Act. The groups of long-service employees to whom this does not apply would not, if in similar non-exempt employment, become eligible for pensions under the Social Security Act for several years. The point has accordingly not been reached where University employees actually retiring receive smaller pensions than they would receive under the Social Security Act, and with the present possibility, of changes in the Act it does...
...estimated that for the first full year of operation of the University plan the contribution of the University toward future service pensions and insurance will amount to 126% of the contributions of its employees. In addition to this, the University has established a substantial reserve for the payment of pensions for past service, toward which its employees make no contribution...
This year the question was again brought to light when the New York Herald Tribune related last Sunday that representatives of the CRIMSON at a meeting of undergraduate dailies from eastern universities, had blocked The Daily Dartmouth's plan to start such a conference...
...analysis of criticisms levelled at the University Pension plan and the explanation given by its authors makes clear both the good intentions of the University and the inadequacy of its pension system. Despite the fact that the administration contributes 126% as much as the employees, a maid who pays premiums for twenty years may at the end of that time receive only four dollars a month. Such a small return is merely a caricature of the security which a pension system is supposed to provide. It returns to the recipient just enough money to supply carfare to the relief bureau...