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The Indiana Gazette from Indiana, Pennsylvania • 11

Location:
Indiana, Pennsylvania
Issue Date:
Page:
11
Extracted Article Text (OCR)

Mima fwslni damn, Mia, uil 11, HEALTH CAPSULES. 1 Public Vs. Private What Constitutes 'Fair Roy Acuff To Perform Again NASHVILLE, Term. (AP) -Country music star Roy Acuff says he'll be ready to perform this weekend at Opryland U.S.A. The 38-year Opry veteran suffered a heart attack last April and made his first appearance since then on Wednesday, hy WKhMl ftlll l).

''llUCU AUlldd KmOA 14 XTiKflb uMISt UPS WTMi IMVi EM OiMMlHelALLY 4tAUP OHLY f7 DANCE SUNSET CROVE "Dean The Ramsacks" By The. Associated Press An employe ol the nation'i largest city, New York, ran re tire at age 61 after 33 years' service and collect retirement pay equal to what he Wat making In his final year of employment. A worker at the nation's largest corporation, American Telephone Telegraph, retiring with similar seniority will get only halt the benefits the New City worker will receive. OLD. FASHIONED Mrement benefits than a comparable private employe.

Another factor Increasing city and state benefits In the past, decade has been the Introduction of cost-of-living ad-lustments Into pension benefits. Over-all, Inflation adjustments by city and state plans appear more generous than private plans, but leas generous than most federal pension plans. One study conducted by the Tax Foundation found that four-fifths of all state-run pension plans now have some sort of postretiremen! Adjustments in force. In total, more than half of all public employes at the city or state level get some form of postretirement inflation allowances. "Most corporations don't legally bind themselves to cost-of-living percentages, but many take pretty darn good care of their retirees," Jump said in an interview.

With inflation running high, the cost-of-living adjustment can put added burdens on cities and states. But the absence of cost-of-living provisions can work severe hardships on retirees. Jump calculates that in the next decade a retired Atlanta oolireman or fireman netting IHImlHllimilHHnlr FOR YOUR ENTERTAINMENT Friday Bobby Peak Imperials Saturday Rick "The Trailbla WOODSHED Oa.lMta 22, Fear Mlln Watt a IMfMlDt Mail U.1 L1U I. the generally higher benefit formulas offered under some public employe retirement plans," Schmitt says. The bottom line shows city or state employes often making more after they stop work than before, a rarity In the private field.

A study conducted in New York City this year by Mayor Abraham D. Beame's Management Advisory Board found that a city worker making after 38 years' service and retiring at age 63 could count on retirement pay, Including Social Security, equal to 106 per cent of his final take-home salary. By contrast, the study found, workers at seven top corporations with similar salary and seniority get retirement benefits from 13 to 43 per cent below the New York City worker. At Exxon, retirement pay, Including Social Security, totals 62.9 per cent of final take-home salary; at General Motors, 93 per cent; at Union Carbide, 70.2 per cent; at 67.1 per cent; at Con Edison, 73 per cent; at Citibank, 84.B percent; and at Metropolitan Life, 64.6 per cent- Another comparison drawn by Jump showed nonuniformed city workers who had been making $15,000 with 30 years' service at age 65 were getting 127 per cent of final after-tax pay in New York City, 116 per cent in Detroit and 129 percent In Philadelphia, including Social Security benefits. This beats even the best retirement deals offered in private industry, Jump says.

At opening his show with his most famous song, "Wabash Cannon-ball." He abo did his traditional yoyo tricks and balanced his fiddle bow on the end of his nose. "You know, I don't think anything could hurt me as bad as If I couldn't work the Opry again," the 72-year-old per former said later. "I'd have to leave town just get in my car and start going." 10 p.m.-. a.m. Phona 783-7421 R.D.

1 East rody, Pa. On Pa. It. 268 12 Miles N. ol KHtaimlne.

Pheae 542-3M1 15 SHOW 7:00 P.M. LYNN SHOW leg- Prices COMING AUC. 22 SONNY JAMES 6 1HE SOUTHERN I Friday The 13th RT. 85 Dayton i AUG. THE HACERS With Dave Mac The.

Country Swingers, Farnen Sisters, George Perm The Night-lifers DAYS Wednesdoy, August 18 LLM.fM.)LM.M.M i TTIT "iw I the example illustrates a general picture In Which the av-erage city or state worker gets double the retirement benefits of the average private employe, according to "Public Employe Pension Funds," a recent study by pension expert Robert Ti-love. Is this a rtpoff by city and state workers at the expense of taxpayers or a gravy train that the private worker missed? Just What Is a "fair pension?" Tllove says that, In general, a pension equal to 80 per cent of final take-home pay would be fair. Another expert, Professor Bernard Jump of Syracuse University, says 90 per cent. Both agree that the ultimate aim of retirement Income should be maintenance of the worker's standard of living after he re tires. By that measure, private pension plans which together with Social Security provide the average retiree with about two thirds of his final year's pay are Public plans in several large cities that grant pensions of over 100 per cent of 'final take-home pay might be considered overgenerous.

New York City union leader Victor Gotbaum said in a recent interview that, the facts only show that workers in private industry are getting a raw deal, not that city workers are ripping anyone off. Others say that the sharp Increases in city and state benefits, added to a 93.6 per cent rise in Social Security benefits in the last six years, created a post retirement bonanza for public workers that government at all levels will be hard pressed to pay for in future years. Jump says that if a' city or state provides Social Security coverage in addition to the basic pension and "if a person works for 30 years and retires at age 62, he's almost certain to get higher postretirement income than his after-tax final pay." "Personally I think that's too high," he says. Only about half of privately employed workers have pension coverage at all. Nearly all public workers have some form of coverage.

About a third of public employes, however, are not covered by Social Security. Practically all privately-employed workers get Social Security benefits, Such benefits normally boost retirement income by 30 to 33 per cent. "Prior to 1951, public employes were not covered by Social Security. Thus, public pension plans were generally designed to provide adequate retirement income by themselves," wrote Raymond Schmitt In a recent Congressional Research Ser-' vice paper on public pensions. Workers chose public employment over private because of generous retirement benefits that made up for generally lower salaries, the paper says.

This "may explain, in part, IDLEWILD PARK ISt hoi dogs (12 7 P.M. only) all rids 2 tickets all day SPECIAL AUG. 21 LORETTA One Show Only I Picnickina 1 Camping I Picnicking Owner Wants Justice Judge Orders "Sweet Lips" To Leave Home CWTUMW I Tew Low Camp Tratttri-Slnrcrall Inrt Camptwi GEHTUMEH no inflation adjustment will see the value of his benefits fall about 30 per cent, with similar erosion in New York, Philadelphia and other places that provide no inflation protection to retirees. Pleasant Valley Playhouse "Dirty Work At The Crossroads" Cay Wt Melodrama August 12-14 August 19-21 Curtain at 1:00 P.M. coll 459-5410 Mi for MS.

10CATED RTS. mi i i THIS TO THE IATE EVENING Dine in comfort and elegant surroundings at RAMADA1NN' OF INDIANA PA. Eastman Kodak, a worker with similar salary and seniority would get 100 per cent of final after-tax pay in retirement benefits, Social Security included. Workers at New York Telephone likewise get 100 per cenL At International Business Machines retirement benefits total 94 per cent of final pay, and at Bankers Trust of New York, the total Is 99 per cent. Some city plans fell well below those levels.

In Atlanta, a $15,000 nonuniformed worker with similar age and seniority gets 54 per cent of final take-home pay in retirement enefits, in Chicago 62 per cent, in Dallas 64 per cent, In Los Angeles 68 per cent and in Washington 64 per cent. Two trends in recent years, however, have pushed benefit levels for city and state workers far ahead of what most private workers could hope to get One is the trend toward early retirement, particularly for big city police and firemen, but also tor other workers. A New York City transit worker making 677,079, for example, can retire at age 50 after 24 years' service and promptly collect a full pension of 39,910 a year. a worker at a similar age, seniority and salary level decided to retire from Con Edison, General Motors or mast other large corporations, he'd have to wait 15 years before drawing his pension. New York City is thus paying the 50-year-old transit worker 86.4 per cent more in total re- fight for "to the Supreme Court, if I have to" is that while other residents of the area can have pet dogs, cats or even snakes, the city feels his pig, well stinks, "I give him three baths a week and put after-shave lotion on him," he said.

"He's cleaner than a lot of people I know and he doesn't bother anyone. He doesn't bark, he doesn't run Besides, Little the Lynnhaven Bay which is next to his home and business is polluted "Now there's something that stinks." He said Sweet Lips is a.pet of the highest caliber: "I always bring him inside the house when It's hot. He likes the air conditioning." To Little, married and the father of three grown children, Sweet Lips is like a child "I love him. I really do. He means everything to me.

I'll never let anyone take him away or kill him." Since his court fight to keep Sweet Lips began, Little says thousands of people have stopped by his waterfront establishment to see the pig, hundreds of others have written letters of support, and donations have reached 61,200. "I'm going to send all the money back and tell the people who sent it I just want them to love all animals," he said. AMERICA'S MOST EXCITING EVANGELIST THE CHAPLAIN OF BOURBON STREET FEATURED IN TV, RADIO BOOKS RECORDS PIUS; The Watchmen HI. AUG J7-JI 6 P.M. Nightly Pvloii High School Suleit, Pa.

I-U lilt It WHET kUh S3 M. IMw d-W rinw, wrjrn. 41 it SM as Nm Mar NiEtl trotr, AT ONCi its MmImmI P0 Id 9. ra. CfJCuilNoloN 10 cold drinks all day FAAKtVFUN IN THE BEAUTIFUL LAUREL HIGHLANDS U.S.

30 LIGON1ER, PA 1545 Wayne Ave. Indiana, Pa. mats south of HIP canpvi Wovm Av. WEEKEND, DINE AND DANCE THE RELAXING SOUNDS OF OLIVER WIIETTA, SOUND INVESTMENT Char-broiled steaks! Steamed lobsterl SANDWICHES AND PIZZA AVAILABLE VIRGINIA BEACH, Va. (AP) Drewry Little, 55, wants justice.

He says his 150-pound pet pig, "Sweet Lips," is cleaner than some of his customers. But the city is standing by its eviction order. Little was fined S25 in June for violating a city ordinance. He keeps "Sweet Lips" at his combination home, restaurant' and marina, which is zoned for commercial use to attract tourists. Judge, Cortstantine who usually hears traffic cases, told Little, "The law is the law." The regular pre- siding judge had disqualified himself.

He knows "Sweet Hps." Defense attorneys argued that the purpose of the law "is to protect citizens, too. Mr. Little is keeping a household pet, not raising livestock." Little is appealing the eviction order for Sweet Lips to a higher court. His attorneys, who are working, without pay, had considered seeking a change of venue, possibly to Smithfield, but they said late Thursday they had abandoned ihose plans. The attorneys said they have appealed to Virginia Beach Circuit Court and a trial date has been set for Sept.

20. Little will ask for a jury trial, lawyers said. "I'm hell-bent for Justice," said Little. "The whole thing bolls down to a matter of principle. It's not a joke." The principle be intends to DINNER IS SERVED Daily 5 pm-lO Sun.

Hootvl pm "TALK OF TOWN" lw inmrlm In tW lirobru lamia. P' I DANCE 1 August 14; 10 p.m.-. a.m. Indiana Moose featuring Dean Hetrkk The bile is the death is quick FOR RESERVATIONS PHONE 349-4150 SEA SNAKES: THE SERPENTS OF DEATH 1 Ant UU Mud fe.it tf miarffnmMf your nstmthM hf 459-791 ON THE CHESTNUT RIDGE 001F COURSE Tl 11, EAST 0E UAIkSVIltE hosts no 0 rJl I I Mifitift Reg. 3" tvt WW 1 ob.v, (i.

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Hi. p.pl, you trXv-r fA anlannai ond audio ocemorrtt. rYk 1 0r "P1 vV ViC 'Wn 4 1 USI" 'NSTAIUTION M. IrrauiiArMMlwl LEOMAAD NIMOY THE CORAL JUNGLE" Special featuring the adventures of Ben ana tva ciopp Tonight 2 iiki. rwaa lliv-w-im.

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About The Indiana Gazette Archive

Pages Available:
396,923
Years Available:
1868-2006