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#1
May 14th 05, 09:21 PM
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"Cub Driver" wrote in message ... Pension plans are a form of "deferred compensation" and became popular in the United States during the 1930s, when wage freezes prohibited direct pay (in the form of salary) to increase. That's the problem with Wikipedia. Some damn fool typing faster than his mind could follow! I assure you, there were no wage freezes in the 1930, nor were they showing any tendency to increase.. Wages were going *down* in the 1930s! What the Wiki guy meant to say was "during World War II," but he probably couldn't remember what number it was (I, II, III?). Yup. And one solution was medical insurance benefits. And the rest is history. 
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