Salt Lake Telegram | 1935-01-07 | Page 7 | Borah Favors Pension Help

BORAH FAVORS PENSION HELP 1 Idaho Sol Solon on Asks Federal Aid for State Old Age Systems f WASHINGTON Jan 7 De P De Declaring daring claring m many ny states are arc arc un unable ble at p present to pr provide ovide adequate atc old age ace pensions Senator Borah R. R Idaho W was lS on record record today as favoring federal fed eral oral aid to help them set up pension systems Borah praised President Roosevelt's Roosevelt announcement in his message last Friday Friday Fri Fri day that he would send end to congress cs recommendations covering old age pensions as well as unemployment in insurance and other forms of oC security Borah asserted the message greatly strengthens the cause of oC old age pensIons pen pen- tt After A ler four years ears of depression depression 7 he added a large percentage of our elderly people have exhausted their means menns their life lite savin savings s are arc gone It is too late for them to find a place in the industrial world Even i if industrial conditions were normal they could positions The states are at present wholly unprepared and man many not abl able able- to provide pro pro- provide vide adequate pensions Old age pension pension pension pen pen- sion le legislation ought to be regarded as a definite part ot of our program m. m That TH is is the logic of ot the presidents president's message A survey curvey by the labor Jabor department showed that while 28 states tates a and l 13 territories had old age pension systems terns tem at the end of or 1933 only 13 o of oC these actually were paying out money to beneficiaries Most i of the pension pen pen- sion states pay 20 to 30 a al month when r revenues for the purpose are art considered sufficient to warrant ments meats fJ pay pay-