Townsend plan

American  

noun

1. a pension plan, proposed in the U.S. in 1934 but never passed by Congress, that would have awarded $200 monthly to persons over 60 who were no longer gainfully employed, provided that such allowance was spent in the U.S. within 30 days.

---

Etymology

Origin of Townsend plan

After Francis E. Townsend (1867–1960), U.S. reformer, its proposer

Example Sentences

The New York Times's description: "A universal Townsend plan for veterans and their relatives."

From Time Magazine Archive

You can see that the Townsend plan and Ham & Eggs are entirely feasible if financed by the Lambert Plan.

From Time Magazine Archive

Finest for Andrews Sirs: C. O. Andrews Orlando Fla. If they were not, why did he endorse the Townsend plan?

From Time Magazine Archive