This 1940 short is one of a series (Crime Does Not Pay) intended to inform the populous about crime and how to protect themselves from scams. It stars Ralph Morgan, older brother of Frank Morgan of Wizard of Oz fame (they look strikingly similar, but sound quite different). This is the first of this particular series I've seen, and I caught it today on TCM.
I was not familiar with the pension scam referred to in this short, and after watching it, I was no better off. Some things were not explained, as I imagine old folks at the time were already familiar with such pension funds. It looked to me like people would donate to these funds, but nobody could get money out. I couldn't see the appeal of such a fund, even if it was legitimate.
The big problem I had with this short was that it was quite dreary, and frankly, a little depressing (telling old people they are useless? C'mon!). Nothing really to be learned here anymore either, as whatever this scam was is long gone now. But when it comes to that, who will remember the current "Nigerian millionaire" e-mail scam 60 years from now?