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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jul 01, 1948
Page
6
Washington June 30 The Veterans Administration delays dividends on wartime life insurance policies to 1980. VA officials seek 7.364 million for auditing records servicing and preparing end checks with an estimated 23 million total cost and a six month initial period.
The News notes possible dividend payouts next summer from the national service life insurance fund, affecting more than 20 million active and lapsed policies. Officials warn the smaller appropriation may delay the program, with individual dividends varying by policy size and many veterans or heirs due to collect on two or more policies.
The Veterans Administration pushes its employee training program yet on a smaller scale, focusing on teaching auditors of premium account records. In Martinsburg West Virginia, Dunn Woolen Company reports paying about $30,900 in vacation benefits to 400 employees as their annual holiday approaches July 3 to July 12.
In August the branch will recruit and train the personnel needed. The plan outlines steps to build the workforce required for future operations and services.
The nations traffic deaths rose in May for the first time in seven months totaling 2 650. The May toll puts the year to date at 11 270, five percent below the first five months of 1947. Mountain states led the gain with a 25 percent jump, while the Pacific states improved only central states held. Houston Richmond Fort Worth led city fatalities. 139 cities had perfect records in five months. Washington predicted Truman would sign a pay bill reluctantly to raise federal workers pay.
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