The Waterbury Democrat., 1935-11-26

at first aroused 8 storm of protest from many having to pay consider able for it but there is not a man. ufacturer today, I believe, who would not want it" she said.
 She discussed the anaity pension plan distinct from the old age pen- sion system, under which urban workers are to pay 1 per cent of their incomes in 1887, 2 per cent in 1888 and per cent in 1889 and thereafter into 8 national fund. This will benefit them in their old age, she said. They must have paid into the fund for five years and their salary during all of those years must have been a total of $2,000, she declared.
 She pointed out that Connec- ticut would benefit considerably from the government if an unem- ployment compensation bill is passed here for to states having unemployment compensation mea- sures she believes, the government will give 90 per cent of the funds raised keeping 10 per cent itself whereas if a state has no such measure, the government keeps the majority.
 Payments in 1942
 Payments from the annuity are to start in 1942. If all states have unemployment compensation bills, she pointed out the manufacturers will not move from one state to another to attempt to evade such measure.
 Mrs. Rastow admitted one of the fallacies of the annuity plan is that it will be hard for the poorer class of laborer, (and Mrs. Edna c. Fen ninan, president, explained that the majority of wage earners in the United States receive less than 5000 yearly) to save the money out of his expenses to pay for the an- nuity, especially with prices going higher.
 Both radicals and conservatives have opposed the social securities act, she admitted. Thus far there has been no agreement on an amendment which would exempt industries from paying for the an- nuity if it pays old age pensions. This may come up at the next ses- sion of Congress.
 In the annuity plan the employ CT pays l per cent of his payroll in 1886, 2 per cent in 1887 and per cent in 1888 and thereafter. In Europe similar plans have helped to cushion depressions" she stated. However she admitted the annuity system was not too successful there. No appropriation to carry out the provisions or tine social securities act has been made. This is ex- pected during January when Con- gress meets again.
 In discussing old age pensions in this state she said that only those 65 or over who have no persons able to support them or none liable and no means of sustenance will be eligible. This means that about 19,- 900 are eligible in this state, 1t is estimated, Mrs. Rastow said.
 She said it is really up to the public welfare department to ham, de the applications. She said many communities have set up separate boards to ahndle the old age pen- sions with the money to pay for the work being added to the towns budgets. This is just a political plum which is not needed, Mrs. Rastow said.
 Political Plum
 When informed it was done by the welfare and emergency relief investigator here, Mrs. Rastow said that is the way it should be done. If a separate board does not relieve the welfare she said for applica- tions are to be made to the well fare department.
 She vas introduced by Mrs. Fem niman and answered many ques- ton safterward the audience seem ing quite critical of the anuity plan.