Alton Evening Telegraph from Alton, Illinois on August 15, 1956 · Page 16
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Alton Evening Telegraph from Alton, Illinois · Page 16

Alton, Illinois
Issue Date:
Wednesday, August 15, 1956
Page 16
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ALTON EVENING TELEGRAPH PAGE SEVENTEEN Third of Series WorkiiigWomenAdvised To Claim Benefits at 65 By D. B. GALLAGHER Undrr the new Social Security law the age at which a woman with earned Social Security credits in her own rights becomes eligible for benefits is reduced to 62, However, with the reduction of age comes a reduction in the amount of monthly benefits. For two days we have been explaining the way the law affects dependent wives. Today we will talk about the woman who is eligible tor monthly So- cial Security benefits only from her own rights. The same basic rule in figuring monthly benefits will be used as is used in figuring I lie benefits for a dependent wife applying before 65, but the percentages will be different. * Such a woman reaching 62 during this coming November (when this provision becomes effective! and eligible for monthly benefits, will be eligible for 80 per cent of the amount that wouk have been awarded her at the age of 65. This doesn't mean that the 80 KT cent will apply to any age over 62 but. under 65. Here this computation will be used. The amount of monthly benefits due at 65 to the woman with only her own Social Security credits will first be figured, then 5-9 of one per cent will be deducted for. each month the insured woman lacks of reaching 65. This formula accounts for the figure of 80 per cent representing the percentage of the 65-year age benefits awarded to women at 62. Here again, as with the dependent wife, the woman with credits only in her own rights, and who doesn't expect to lose any monthly benefit checks before 65, will gain by applying at 62. However, there will be many conditions where it may be a 'innncial advantage for this woman to delay filir.g for monthly benefits until 65. Horn is a example-: Mrs. Bill iF 63 thif coming No- j vember. She is working and while she has enough credits for monthly benefits, earnings re- slrirlions "ill permit only the pnynvnt for two months this year and another two months next year. At fi") she expects to retire, or have wages tha 1 do not rxceod earnings restrictions. It will he to lirr financial ad- vantage to wait until Khe is 65 fits undrr tho new ruling. before purity applying for benefits. Social Se- It is our suggestion that working women, gihle survivor other than widows find elide- pendent mothers, not. be in loo bit, a hurry to apply for bene- ready: 32 -page "It's Your Money' 1 booklet with permanent, earnings record and supplement covering the new Social Security Law of August, 1956. Send 25 cent in coin (no stamps) to SS Book, Alton Evening Tele- | graph. P.ox 311, (Irand Central ISInlion. N. Y., JT. N. Y. ffop-riRht. riso, <icru>rnl lY-nMuvs Corp.) The Venetians of tho 1100s usually are credited with having invented the double-entry system of bookkeeping. Turtle Tnlk Although tho voices of most turtles nro at best a slii;hl. squeak or sigh, the ixwwt turtle i r;mgint; from Maine lf> West Virginia) mnkes n \vhiatlini; fall that is fludihlf 30 to 40 feet away. Thrift Talks by don hetold COME ON AND BE ONE, TOO Communist!) and others have tried to moke the word "capitalist" sound bad. But I'm pround to be a capitalist (in my small way). * Anybody who has life insurance, or money in the bank, or in Germania is a capitalist. Anybody who hag a farm or a little store is a capitalist. George S. Benson, president of Harding; College, says: "Managing your life so well that you can put some of your earnings to work as 'capital' directly or indirectly, is the attribute that has built the foundation for American progress." The "capital" that you have In Germania is at work in Alton and vicinity helping other people own pleasant homes. And it is at work earning Germnnia dividends for you. _ - t: It's great to live in a country where money, the result of self-denial, can'be put to work to earn more money. ' • Copyright 1956. , I, "PASSBOOK" PLAN You save any amount from $1 up, any time. 2. "CERTIFICATE" PLAN Save in $100 units, any time. We give you a certificate. Money is safe and available. Each Account Insured Up to $10,000.00 by an Agency of the United States Government CURRENT ANNUAL RATE ON EACH PLAN PAID TWICE A YEAR Savings left by the I Oth of the month earn from the 1st. SAVE BY MAIL — SEND CHECK OR MONEY ORDER ermama SAVINGS & LOAN ASSOCIATION ASSETS OVER 13 MILLION DOLLARS 417 East Broadway phone 2-0058 Alton, III. UNDERWOOD "LEADER" Ve», with (be wonderful, qew w«od "L«»d«r" »b» typewriter with •II tli* llD«»l lypliif feature-*, yaw »l•o receive, (or vnly II *xtr», U|* bundy alurdy typewriter lUnd. Carrying Cast FREE! BUY ON EASY TERMS Home of Bonded •Votary Diamond 1 * •P^HPB»«™™«"««»W™»™ ' •'• ' " I' ""•' -L.M.—-P ..... I - II ..^,,.M Lpading Jewelers In Southern Illinois for 55 Years. Suv* ot 212 W. thini S», - Downtown Alton Open Friday Nights Until 9 P. M. A T HURWITZ HANDY, STURDY $ 1 TYPEWRITER STAND * EXTRA With the GREAT NEW Smart New Pent Pen & Pencil Sets Full Sine Partible Typewiiur •> Onlr Choose from our big stock of S h « u f e r and 1'urker Guaranteed Pens and Se'tfc 10 PIECtS SOFA CLUB CHAIR 2 STEP TABLES COCKTAIL TABLE OCCASIONAL CHAIR 2 PICTURES 2 LAMPS Marvelous Values!-How You Save! Complete Outfits For Less than the Suite Price! 200 MILES FREE DELIVERY 10 PIECES 3-HC. BEDROOM SUITE MATTRESS BOX SPRING 2 PILLOWS SPREAD 2 PICTURES COMPLETE MODERN 10-PC. LIVING ROOM OUTFIT REGULAR $559.95 VALUE! YOU SAVE S164.95 $30500 «fc?^W9 This is a full room of styled furniture you wouldn't expect to buy for less than $250.00. Now at Garrett's Special Outfit Price you get the full 10 pieces, high quality and choice of decorator combinations. PC. CHROME DINETTE COMPLETE BEDROOM Modern styled Double Dresser, Chest ami Ilookciise lied. Regular price of suite alone- is more than the 'outfit Sale I'rice including Box Spring, InnerspriiiK Mattress, Bedspread, J'illows and $ 2 pictures — only.. 46 oo NOW ONLY 159 50 A $59.95 value. Plastic heat resistant table tops. Choice of matched or contrasting plastic chrome chairs. OU MAY PURCHASE ROOM ENSEMBLE SSEPARATELY-OR AS A 3 ROOMOUTFI S PIECE SECTIONAL GROUPING WROUGHT IRON 5-PC. DINETTE 5-PC. MODERN BEDROOM SUITE Blond - finish, 3 - piece double dresser suite with gleaming- hardware. Mattress, :> | f)f}UO spring, included Beautiful 2-Pc. Sectional with choice of decorator fabrics. Sectional alone Worth more than the outfit price. But you get included at no extra cost — Corner Table, Large Lamp and Cocktail Table $ to complete the room setting. All for only REGULAR $419.95 VALUE! YOU SAVE $121.95 $29300 MANY COMPLETE HOME OUTFITS TO CHOOSE FROM AT BIG SAVINGS Garrett's $4Q50 Special «•»» This'is a beautiful buy in a good looking- dinette set. Plastic top table and mulching chairs. HOLLYWOOD BED OUTFIT • Mattress • Box Springs on Legs • Headboard A tremendous homemalcer's bargain! Versatile style for modern or period rooms with deep innerspring comfort. Complete '38 90 EAGLE STAMPS YOUR EXTRA SAYINGS SPECIAL JUVENILE ITEMS CHILD'S CRIB 175 28 Including; Mattress. Sturdily built of solid luirdwuods, steel springs. Muulo or birch finish. Multi-coil wet-proof, posture - firm innerspring mattress. HI-CHAIR $6.80 A real value, birch finish, safety sirup fur baby's protection. Unilted ijuun- tity of these fine hi-uhairs. TRAINER CHAIR $3.88 With pluy tray. Sanitary eiuuiii'hvuro container, fylond finish. A tcrrifio buy. 3 DAYS ONLY USE! SAVE! PERSONALLY ADJUSTED EASY TERMS UP TO 24 MONTHS TO PAY BALANCE MONDAY FRIDAY 9 P.M. OPEN EVENINGS 9 P.M. ACROSS FROM LINCOLN - DOUGLAS SQUARE MAPLE BUNK BED OUTFIT • 2 Twin Beds • 2 Springs • 2 Mattresses • Ladder and Guard Rail Wonderful value. Ideal for children or summer cottage. Solid hardwood construction. Maple finish. Complete SPECIAL! FULL LENGTH DOOR MIRROR »Ht |M> I* |iuwU tldl Uctfl! Large mirror for head to ioe vulon. Screws on $ any door 3 DAYS ONLY 4

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