File:Bell telephone magazine (1922) (14569552629).jpg

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Identifier: belltelephonevol3132mag00amerrich (find matches)
Title: Bell telephone magazine
Year: 1922 (1920s)
Authors: American Telephone and Telegraph Company American Telephone and Telegraph Company. Information Dept
Subjects: Telephone
Publisher: (New York, American Telephone and Telegraph Co., etc.)
Contributing Library: Prelinger Library
Digitizing Sponsor: Internet Archive

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I04 Bell Telephone Magazine SUMMER
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taxes which they and their employershave contributed. This averagingis the fundamental principle on whichall forms of insurance are based.Just as it is inconsistent with the basictheory of the Social Security Act torelate the Social Security benefits re-ceived by an employee to the taxes hehas paid, it is also inconsistent to re-late the adjustment of his companypension to the taxes paid by the com-pany in his individual case. So long as industries are expectedto provide one-half the funds fromwhich Social Security benefits arepaid, it follows that they must, overthe long pull, coordinate the pensionsprovided under their private planswith Social Security payments. Moneypaid to the Government by the Bellcompanies to provide pensions forthe employees who work for them must be considered along with moneypaid out to meet the expenses of theirprivate pension plans. Both of theseitems represent real costs to the com-panies; in the long run their PensionPlans, to avoid duplication of pen-sio

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27 July 2014

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This image was originally posted to Flickr by Internet Archive Book Images at https://flickr.com/photos/126377022@N07/14569552629. It was reviewed on 18 September 2015 by FlickreviewR and was confirmed to be licensed under the terms of the No known copyright restrictions.

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