Word: trust
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Dates: during 1950-1959
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...working man sees one and a half percent deducted from his pay check and is fully confident that, come 65, he will retire on a guaranteed income. Social Security is untouched by the ebb and flow of economic and political tides because its payments come entirely from a trust fund maintained by scaled payroll taxes. At the present time, this fund contains over 17 billion dollars, more than enough for current benefit expenses. Further, the Administration plans legislation to include farmers and professional men, the only groups not already covered...
...have made payments into the fund. They would cut benefits, however, from the present minimum of 55 and maximum of 85 dollars a month to a flat 25 dollars given without consideration of past salary or length of employment. Money to pay the benefits would be drawn from the trust fund until it was dray, then obtained by general taxation. But 25 dollars is a ridiculously small amount--hardly enough for subsistence; more important, the blanket extension covering all the aged, destroys one of Social Security's basic principles: you don't get something for nothing, and the more...
...over the country were asked to watch for Buntin. Chief distinguishing mark: a left ear that stood out almost at a right angle from his head. But neither Buntin nor well-fixed Betty McCuddy-who had left $10,000 behind in a Nashville bank and $27,000 in a trust fund-was heard from again...
Despite the piddling tuition fee of five dollars per full course, the teaching staff for the Extension courses draws excellent pay due to the ever increasing Trust Fund. As Chairman, Dean Phelps invites competent instructors from each of the cooperating institutions to give a course in their particular field. These appointments are in no way connected with the man's college teaching; it is extra work for extra pay. Usually the Commission hires an lecturer for only one year, but in the case of language speaking courses, the same man may teach for many years...
...minor read agents, a New Yorker, presented a note to the teller at the 43rd St. Merchants' Trust Bank saying, "This is a stick-up. Pass over all your cash and no one will get hurt." The teller was indeed stuck-up--insufferably so. She hardly glanced at the poor wretch, but replied, "Well, you must have that O.K.ed by an officer." Then she left her cage, walked to a guard and gave the rascal in charge. After searching him, finding neither weapons nor money, the guards threw him out of the bank. "We thought he was a bum," they...