Be It Resolved . . . Californians, who last November voted the nation's costliest old-ae pensions, last week reconsidered their budget-busting generosity. By a 400,000 majority, they slapped down demagogic George McLain's Citizens' Committee for Old Age Pensions (TIME, Sept. 5) despite support of the plan by politically ambitious Jimmy Roosevelt. The new law will leave pensions at the increased level (average: $70.63 a month) which McLain pushed through a year ago, but will shave $65 million off the $200 million annual cost by boosting the retirement age from 63 back to 65. It will...
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