Hearings, Reports and Prints of the Senate Special Committee on Aging, Parts 1-2

Front Cover

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

Common terms and phrases

Popular passages

Page 3 - ... aggregate income. The aged received 15 percent of their income from interest, dividends, and rents. Public assistance and veterans' compensation accounted for the smallest proportion (5 percent and 4 percent, respectively). The foregoing findings are the first from the nationwide 1963 Survey of the Aged undertaken by the Social Security Administration, with the Bureau of the Census acting as its agent in collecting and tabulating the data. This survey will provide data on the income of the aged...
Page 178 - ... McClure, chief clerk; Edward Friedman, counsel to the subcommittee; John L. Sweeney, professional staff member of the subcommittee ; Michael J. Bernstein, minority counsel; Raymond D. Hurley and John D. Stringer, minority associate counsel; and Joseph Goldberg, technical adviser, US Department of Labor. Senator MCNAMARA. The hearing will be in order. The first witness this morning is the National Consumers League, Mrs. Mary Dublin Keyserling, member of the board. We are glad to have you here...
Page 273 - Chairman, Subcommittee on Health of the Elderly, Special Committee on Aging. US Senate, Washington, DC DEAR SENATOR MCNAMARA: The attached information is submitted in response to your letter of March 10 and that of Mr.
Page 339 - ... median income. Benefits under OASDI were practically the sole source of cash income for almost one-fifth of the couples and for more than onethird of the nonmarried beneficiaries who had been entitled to benefits for a year or more. Public assistance was important as a supplementary source of cash for 1 in 12 of the married couples and 1 in 6 of the nonmarried aged. The proportion receiving cash assistance payments was almost three times as large for nonbeneficiaries as for those on the OASDI...
Page 353 - Among beneficiaries aged 65 and over, those under age 73 were somewhat better off than the older ones. The difference is not great, because so much of their income is in the form of benefits. Some difference in favor of the younger units might be expected, however, for the following reasons : first, the benefits of...
Page 342 - ... group pension plans, slightly more than 3 percent (chart 1). It is perhaps surprising that an age group generally considered as out of the labor force had aggregate earnings four-fifths as large as their total benefits under public and private retirement programs combined. This relationship results in large part from the low ratio of retirement benefits to preretirement earnings that is characteristic of most retirement programs. Retirement benefits were reported by 84 percent of the couples...
Page 342 - Almost half the aggregate earnings of the aged were reported by couples and nonmarried persons aged 65 to 72 who were not on the OASDHI rolls, although they represented only 14 percent of the units in the 65-and-over age group. Most of these workers could have drawn benefits had it not been for their employment earnings which made them ineligible. For...
Page 358 - It is known that a growing proportion of the aged will be eligible for OASDI benefits. As the proportion of all those aged 65 and over who are eligible for benefits approaches 90 percent — as it will by 1975 — there will be fewer with cash incomes as pitifully small as those reported in 1962 by most nonbeneficiaries aged 73 and over. And fewer should need public assistance — unless it is to meet medical needs. If, on the other hand, the labor-force participation rate for aged men continues...
Page 146 - ... days after the date of such loss. Failure to furnish such proof within the time required shall not invalidate nor reduce any claim if it was not reasonably possible to give proof within such time, provided such proof is furnished as soon as reasonably possible and in no event, except in the absence of legal capacity, later than one year from the time proof is otherwise required.
Page 116 - ... on property or risks located or resident in this state, including premiums for reinsurance assumed, and also including premiums written, procured or received in this state on business which cannot specifically be allocated or apportioned and reported as taxable premiums on business of any other state or states.

Bibliographic information