Garden City Telegram from Garden City, Kansas on June 30, 1971 · Page 1
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Garden City Telegram from Garden City, Kansas · Page 1

Garden City, Kansas
Issue Date:
Wednesday, June 30, 1971
Page 1
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LIFE BEGINS AT 40 Older Employes Need Private Pension Fund By ROBERT PETERSON THIS COLUMN often hears from folks who have worked years for a company and were then laid off. or resigned to take a job in another company To their sorrow they learn that Or. M. D. Nledens Chiropractic Office •11 Mate Garden City Hours 1:30—5:30 Thnn.-Sat. I:3S—12 , termination means loss of ac- j cumulated pension rights in the j company they've left. "I worked for this big electric i company in Cleveland 16 years," writes C. R., 51 "They always bragged what a great pension program they had and i a personnel man once told me I'd get over $300 a month plus my social security when I retired at 65. But last year my wife was in a bad accident and : kept wanting to move back to i Detroit near her two sisters. So ! I resigned after finding a new job in Dearborn. But when I checked at the electric company about my pension they said that by quiting I'd lost -ail rights to any pension from, them." Widows are usually left out, too. "My husband worked 32 years at the oil refinery here," writes a woman in Houston. "He was looking forward to a nice company pension plus social security when he retired. But he died suddenly last January at age 59. When I checked with the refinery they Only the Finest ... to give and enjoy CANDIES Delicious Russell Stover Candies are famous everywhere for their superb quality and freshness,.,they're delivered to us fresh every week. ASSORTED CHOCOLATES lib. $1,80 2Ibs. $3.50 we feature the complete line RENICK(/&*s«) DRUGS 2 STORES TO SERVE YOU 413 N. MAIN • GARDEN CITY, KANSAS • 223 N. MAIN said 'their pension plan didn't provide anything for widows. It seems so wrong" You're right, madam. The whole private pension complex in this country needs study and regulation. Millions of workers are being deprived of their just due. Studies show that most people switch jobs several times during their work careers. As a consequence, millions end up at retirement ago with only the slim pension credits accumulated from their final employer. It's strange that the government has had such a casual aibtitude toward private pension funds. Uncle Sam sticks his nose into just about, everything from the width of oar bumpers to the size of rest rooms in day care centers. But he gives scant attention to the $130 billion currently controlled by some 33,000 private pension plans. This lack of federal concern has spawned iassonteid Shenanigans. Many pension plans ars poorly funded. Others make no provision for protection accumulated pension assets in the event a company goes bankrupt. And it's no secret that tricky operators in charge of many private pensions, both in industry and unions, have been tempted to dip into the till and use funds for personal, gain or investments of dubious purpose. What's the solution? It's obvious we need a federal law decreeing that an employee has a vested right to private pension credits earned in a company — rights which accompany him no matter how, many times he changes jobs and rdgihts which provide for the widow when he dies. This is the way Social Security works, and it's the only just and 2 Garden City Telegram Wednesday, June 30, 1971 equitable wa> to operate private pension programs. Fortunately, Sen. Jacob Javits (R-N.Y.) has a bill presently before Congress which will establish a regulatory agency to supervise and standardize this country's private pension systems. One hates to see the government get any bigger, but it's obvious we need someone with a big stick to insure that employees retain credits to company pensions they've earned — no matter how many times they switch jobs. If you would like a booklet, "The Advantages of Growing Old," write to Robert Petetfjon, c-o Dispatch Leltor Service, 25 W. 45th St. New York, N.Y. 10036, enclosing an 9-cent stamped, self-addressed envelope and 10 cants in coin to cover 'handling costs. Truck Backfire Starts Stanton Wheat Blaze An acre oif wheat was burned and a farm truck heavily damaged Monday morning when the truck backfired and caught fire «t the Gene Eastin farm, eight miles from Johnson.'' 1 Stanton County sheriffs office reported that'two fire unite were called to -the fire. It took firemen about 30 minutes to extinguish the blaze, No one was injured in the, fire. TRUDY "Look out, Captain! Here come the shells I BOOM BOOM!" "Leave it alone, Trudy, I'm watching it" LADIES SPORTSWEAR-PANT DRESSES CULOTTE'S-SWIM SUITS TOPS-HOT PANTS CLEARANCE SALE PRICES REDUCED UP TO 70% ANNUAL JULY CLEARANCE SALE ONE TABLE YARD GOODS PRICE JULY ANNUAL DRESS & PANT SUIT SALE BIGGEST STOCK OF SALE ORES SES OF THE YEAR LADIES SIMMER PLAYTEXSALE SAVE UP TO $1.51 on PLAYTEX Bras & Girdles SAMSONITE PRODUCTION SPECIAL LUGGAGE SALE REDUCED 25% LADIES SUMMER SLEEPWEAR LADIES BRA& BIKINI SETS LADIES PANTYHOSE 50% O off $i.oor t 77c pr. REDUCED 25% dUIVllVltK bANUALS Complete Stock men's and Ladies ' • Men's CASUAL& DRESS PANTS SiMS38 *.« REDUCED UP TO 50% REMEMBER MCDONALD ANNUAL BLANKET SALE NOW IN PROGRESS OPEN EVERY THURSDAY NIGHT UNTIL 8:30 Curbside Salesman For Miami MIAMI, Fla. (AP) — Most worfcirag woman aire deskbound, but Jean Leonard! spends her days sibamidfeg on a curb looking itoir people wfho want to buy ears. She's a ladiy car salesman. "The only one in town, and for aiH I know, the only one in itihe South," says *he 25-year-old green-eyied blonde. Joan was a privalte 'seoreitary unlfcil a monifch ago When she answered a newspaper ad from a Miamii Ford agency *hiait wanted to see if women could ®eH oars. Now sifae'ig in tlhe top JLO tihe firm's 30 salesmen, Alttouglh basioaily a new-oar satomam, Joan also 'sells used oars iainid itru-cfcs. "I sold a itruck last week," sihe said. "I 'SibiH don't know what I sold *he guy, but he laved Jit." Wiiuner of a hot pamts contest •ait a loioal ciub, Jeam uisuialily wears pante or 'sfcir<ts to work. She '> says shie sells nvainly to couples. "I make it a poiimt to include the woman in the cdaiveiraaition <amd keep on >a professional level. 'As long as the wives can sete that I'm only interested in cell- ing oars, there's no problem." Jean admits there are all types of car salesmen. A. nalivte of Chesapeake, W.Va., Jeian has be'en in Miami two yearn This is her firsit real sales jab. Toco John's 305 E. Kansas "The Hottest Spot In Town" USDA CHOICI Chuck Roast Lb. US&A CHOICE Boneless Chuck Roast Lb . 79 C Fully Cooked Canned Hams o b n $ 2J9 5 ^ Lean Fresh Pork Steak t> 49 Ohse Wieners Picnic Pups Ground Beef Patties Cudahy— Thrifty Sliced Bacon p£39 c 5 L L'2.59 THIS WEEK'S FEATURE Sheffield PROVINCIAL Bread & Butter -J «f\ PLATE *1H Decorator inspired "deep lustre" blue and white fine quality dinnerware. Every week a place setting piece is featured at this very special price. Take home 3 or 4 pieces each time you shop! , BUILD A COMPLETE SET AND SAVE UP TO 50%! VALUABLE COUPON Jim Dandy Chunx Dog Food 5£49 C WITH THIS 15e COUPON Coupon Good at Spencers through July 4, 1971 From Our Dairy Fairmont Cottage Cheese 24-01. MM Ctn, "IT Alwoys Good , Ice Cream * 69 C Gallon Frozen Foods Shurfine Frozen Lemonade If* 6-oz. $1 IU Cans I Shurfine—Frozen Broccoli Spears 10-oz. Pkq. ••••M Birdseye—Frozen Awake 39° WE WILL IE OPEN July 4 & July 5 Shurfine Fruit Cocktail 4 Noc r 5 1 Shurfine R.S.P. Cherries 4 Shurfim 1 Pork and Beans 7 16c r; s l Shurfine—Cream Style or Whole Kernel Golden Corn . 5 N ° c r $ l Folger's or Butternut—Limit en* with $5 or more purchase All Grinds Coffee £ 69 C Shurfine—Pieces and stems Mushrooms . Jj 33 C Steakhouse Charcoal Briquets 10 LBboa 69 c Llndsey—Large Pitted Olives Fairmai'd Fresh Buns Sunthint No. 300 *AC Cen 8-Count Package Hydrox Cookies ;?£• 59 C fiairmaid Bread 5 Lo ? e 7 s$ l Guy's Potato Chips r>fc«. 59 C Regular 89e Burst Detergent With $5 or more purchase Beet Sugar 5 *£; 59 C FROM OUR IN-STORE DELICATESSEN Fried Chicken Buddy Roo'ster Says: Buddy Rooster coating makes chicken fasfier. Bucket of 22 pieces of Buddy Rooster chicken only 2.98 MEAT LOAF ...... PORTUGUESE .BEANS Pint Chicken $1.29 69c HAM, BEEF OB CHICKEN SALAD SANDWICH ..... EACH ESCALLOPED POTATOES.... ..Pint Cinnamon Dressing «,,59 C Rolls 6 35c 59c 29 e Pepsi Cola 16-oi. Bottles 6-BotHe Carton Pius Deposit 53 Coca Cola 16-oz. BorHes 8-Botrtt Carton Plus Deposit YOUR CHOICE EACH Oklahoma—Slicing Cucumbers CeJoiiado Tender Green Onions Colorado Red Radishes California Fresh Peaches n, 29° Missouri Golden Sweet Corn 10 r 79 C 'U.S. No. 1 Red Potatoes 104 69 C " ' • • ' • V We reserve the right to limit quantities—Prices food through Saturday, Jiriy 3

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