Northwest Arkansas Times from Fayetteville, Arkansas on April 28, 1974 · Page 15
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April 28, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 15

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Fayetteville, Arkansas
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Sunday, April 28, 1974
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Page 15
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Compared To Pay In Private Industry Northwest Arkanwii TIMES, Sun., April 28, 1974 · 7B FAYITTIVILLI, ANKAMIAI _____ . Study Indicates Federal Wage Scales May Be Too High. |l Wnnlcil -- Main - I'Viiiulo inibllciillim' would tuld lo the bo nonprofit, Tax Institute,malic impact on an A r m y prl- of the government's operating pension "sweeteners" such as well above the J8.140 averaged Pay lor most of llio m luislnmmif! employer pnys efH.| c | B i n m)W a | m0 il nt the Inc., a research orjfunlKuUim. ale's pay. lie earned $7« a budget, which Is $209 billion the $1.8 billion in annual pay- for all blue and white collar and the 672,000 postal w ' WHM..S in minions or hliio ,, . . . . ,,,,,,,,,....,,,,.., ,,,,. _ A .. ,,,,,,,, ,,,,,,, 0 ,,,,,inuo.i mnnhi u il.f!i(!n :IL'O. ii:M In t h l » fiscal year. Tlie money l a m e n t s voted by Congress last workers in the private sector, is handled separately. Hcls Wiinleil -- Main . 1'cniiilu Oulsliimlliii! employer pnys top wages In millions of blue and while collar workers. Kx eeptionnl Jnb security, life In- suranco, major medical, host pensions In Hie country, con. slant advancement, auai-anteed nntninl raiso -- regardless of performance -- plus ndditlnnal raises for merit and seniority. Swamped with applicants. Only most qualified should apply. This could be a recruiting ad for federal employment. But Us p u b l i c a t i o n ' would add lo ,tlio criticism nnw aimed at the United Slalcs government for spending $ti(J billion annually on wages and benefits. The federal government is not only the nation's largest wnplnyer, but -- critics say -generous to a fault, at the lax- payer's expense. The questions are: --Can the taxpayer afford Ihe constantly rising hill for government salaries and benefits? It's doubled in a decade, says Stock Market Shows Some Heavy Declines In Week NEW YORK money worries (AP) -and an Tight peeled dividend suspension by Consolidated Edison of New York touched off some heavy declines in the slock markc'l this past week. Prices fell sharply and steadily for most of the week unt technical rally Friday reduced some of the losses. There were 39 new 1974 highs and IMS new yearly lows on the Big Board. Al the American Stock Ex change, the most active slock was Lafayette Radio, down at 5'/», followed by WTC Ah Freight, of! V, at 4%, and Hous ton Oil Minerals, down 3% at 39. Th~c "Dow'-IoiTcTavcrage of 30 , The Ames's market value In industrials was down 25.26 dex f o l t 4 - 83 to 89 " ir points to 834.04, and declining issues outnumbered advances . by 1,670 to 170--nearly 10 to 1-on the New York Slock Exchange. Brokers said the markets tone was set when Arthur F. Burns, chairman of the Federal Reserve Board, told reporters he was determined to hold to a relatively restrictive credit policy to combat inflation. Analysts said investors inter preted that news as a sign In terest rates would remain at their present high levels and any strong economic upturn might be slower in coming than they had hoped. After Wednesday's close, the Fed seemed to be driving its point home when it approved an increase from 7V£ to 8 per cent in the discount rate--the interest rate it charges on loans to commercial banks. Meanwhile, the prime lending rate continued its upward march at major banks across the country. On Friday, a .few banks moved from the pre- · vailing lO 1 /^ per cent rate to , NHi, and New York's Franklin · National Bank went to 11. ; Consolidated Edison's deci- ;ston to omit its second-quarter ! dividend had a wide psy- ·chological impact 'on the mar- Iket, analysts said. Utility issues | like Con Ed's traditionally have I'been regarded as a haven for ; conservative investors because ; of the assumed reliability .of ! their dividend pay'ms'rits. 1 V i Con Ed 'shares w e r e - , t h e ·NYSE's most heavily traded is'. sue for the week, tumbling 5 : to 12%, ! The selling spilled over into ; other utilities, with Fliila- deplhia Electric down 1% at [14%, Public Service Electric · Gas off VA at 171S and North! east Utilities down 1% at 9', --Arc government employes 'Verpaid und overpensloned? Average federal pay Is $9,000 nnually for blue collar ern- )loyes and $13,2(11) for white col- ar workers; in eacli case, ibove the national average. 'ensions, after 40 years of service, are BO per cent of the ast three years' average pay- That's four or five limes belter ban Social Security, but payroll deductions are nearly the same, GUIDELINES PAIL The Nixon administration's ^iiideline for annual wage Increases has been 5.5 per cent. But all federal salaries rose 12.8 per cent in 1973, a U.S. hamber of Commerce survey reported. Big salary increases 'or the armed forces and for postal workers drove up the percentage and might do so again. A new postal workers' con tract, signed last summer, in creases wages 17 to 20 per cenl over two years. A letter carrier ale's pay. lie earned $71! a month u decade ago, $134 In 971, $'ZBII In 1972 and $:«0 lo- ay. And Congress decided to iay $3,U(JO bonuses to recruits who started 19fi2 at $4,565 now earns $11,773 plus a $1M cost of living p a y m e n t this year. The end of the draft iasl yra and the new dependence on a volunteer Army has had a dra oinlng (lie infantry or artillery, .ow-rankliig officers also have lone well. A second lieutenant ins jumped from ?:!M to $701 nonthly in a decade, and a ma- or from $834 to $1,524 since .DM. Another 12.8 per cent salary ncreaso this year would add ;G.5 billion to the payroll for he nation's five million federal emnoyes. Two-thirds are in the Post Office and military. MILLIONS EMI'LOVKD Add state, county, town and city employes and there arc more than 14 million Americans earning government salaries -- from the President to Sity Hall Janitors In small towns. They earn $150 billion in pay and benefits, or $700 for every man, woman and child in the nation. They fill one of every five U.S. jobs. The $150 billion Is 15 times higher than what experts in the '60s said would'be needed to restore dying American cities. Salaries and benefits for federal employes alone use up 50 per cent of all U.S. income taxes collected and nearly a quarter of the government's operating budget, which Is $209 billion this fiscal year. The money Is almost enough to purchase an economy car for every American family each year, One of the Inflationary [actors, on the federal level, Is the Civil Service system of pay increases -- sometimes referred to as "a raise within an escalator within an elevator." Secretary Susan W. went to work for the Icdcral government in 1962 at $1,665. Since then, she's earned the normal five grade promotions, each with a pay increase. She also received raises for longevity and merit -- she's entitled lo 10 over IB years -and more raises to keep base pay even with that paid lo sec- rctarlcs in private industry. The result today: A salary ol $19,246 annually, a j u m p ol more than 400 per cent. LOWER LEVEL State, county and city cm ployes don't do as well, Surveys show they earn generally 30 per cent less than their fedora" counterparts. Pensions are another matter. Many state and local govern ments have adopted the fcdera system of paying a retired em ploye 70 to 80 per cent of hi average wage the last years on the job. As a result, pension are a major reason for the spi raling taxpayer burden, Federal pension payment have risen from $1.3 billion it 19G4 to $4.6 billion last year and officials estimate they'll hi $12 bilion in 1394. That csti mate assumes no sharp rise i inflation, no growth in federa employment, and no additiona ic $1.8 billion in annual payments voted by Congress last ear. Similar total figures do not xist for stale and city pen Ions, except for the statistic binds on' reserve have grown in tiree years from $47 billion to G8.9 billion. Taxpayer groups ave charged that in some tales, 50 per cent of the budget ighl evcntua|ly have lo be pent on pensions; partly bo ause employe contributions de- iinc while pensions themselves ise. TOP LEVEL At the top of the federal pay tructure is the 2,500-man executive staff. Us wages range lorn $60,000 for Cabinet ofii- eers and Supreme Court jus- ices to $36,000 for heads of mi lor agencies. In the middle i; nc S'i^.bOU paid to congressmen and senior judges, $40,000 for undersecretaries and lower-lev- ;1 federal judges, and $38,000 'or assistant secretaries. The next level is the most controversial. It covers 1.3 mil- ion white collar workers. The maximum for top managers including 150 admirals and generals, is $36,000. The maximum can't by law go higher because it would invade tho executive staff pay schedule, which starts at $36,000. The minimum is $5, 017 for the lowest clerk in MB first year. Tho third bracket covers COO blue collar workers. By law, they are to be paid the same wages as their privately employed counterparts in the same city. In fact, their aver age pay of $9,900 annually i DRIVE TO NEOSHO ... Fora Pleasant Outing and the Best in Nursery Shopping Beautify your home as a showplace or simply for your own satisfaction for gracious, enjoyable living. Make your selections from our many varieties of Fruit, Shade, Nut and Flowering Trees, prize-winning Roses and Perennials ... direct from our growing grounds to you. · Phone or write for landscaping service. OPEN; Weekdays,8a.m. to5 p.m.and Sundays (or your convenience. Neosho Nurseries 1000 N. College On Business Route 60 North Neosho, Mo. Portuguese Cheer Rebels Demonstrators celebrating Portugal's government clicer the military coup thai toppled a rebel tank crew in the streets of Lisbon, photo) wire- Monday Best Day For : Respiratory Illness · LITTLE ROCK (AP) -- "Blue · Monday' apparently is often ; caused by the Monday flu. The Arkansas Lung Assocl- I ation Said Saturday that more respiratory illnesses may occur on Mondays than on any other day. For six years, the association said, two researchers at the University of Michigan studied almost 5,000 persons in Tecum- · seh, Mich., and learned that more "colds and flu showed up on Monday than other days. '· As a week progressed. Ihe illness rale declined gradually ' through Thursday, then began a steady climb over the weekend. The pattern held for adults as well as children, but the association said it was particularly noticeable among persons 519 years old. The researchers said school attendance played an important part in spreading Ihe infection. They believe the infections are spread during the first few days of the school week; the infection then incubates; and colds and flu are obvious by the next Monday. ; The importance of school contact also was indicated in the ; statistics which showed a tre- i mendous increase in infections ; during the first two weeks after | school opens in the fall, the as' socialion said. ; Bridge Proposal ; CLARKSVILLE, Ark. (AP) . The Arkansas Highway Donarl- | ment is seeking approval of r plans for a proposed highway I bridge across the Arkansas · River near here. ; The department has sub- · milled nn application for ap- I prov.il lo the commandant of · the U.S. Coast Guard of the Dc', parlment of Transportation. The proposed bridge would · connect Interstate 40. which is 1 north of the A r k a n s a s River, nnd Arkansas 22. south of the river. The Const Guard said any dc- · cision as to whether In approve the plans must rest primar- , ily on Ihe effect of the proposed bridge on navigallon. However, , the Coast (innril snil other per; tlnent factors such as prolcc- lion and e n h a n c e m e n t of cnvl: ronmcnlal fimility will bn con' sidered. MeKotson Boxoi SPRING SALE Thro April 30th EimtSlflnflf H|iinro THEY SAY IT--- 8000 Property Owners - Club Members - Vacationists -- Residents From 44 States and 5 Foreign Countries "HORSESHOE BEND Is a great place for (he family vacation." "A WONDERFUL PLACE to live and play in retirement." FOR THE GOLFER - '·*' * A scenic, challenging course.' FOR THE FISHERMAN Seven stocked lakes, the Straw berry and White River, famous for its rainbow trout; FOR THE HORSEMAN An equeslrian center with thirty mounts and exciting riding trails. FOR THE SWIMMER Three big beautiful pools and lake benches. FOR ALL WATER SPORTS Boating - Sailing - Skiing . . . A FULL OUTDOOR RECREATION PROGRAM · Tennis, Badminton, Shuffleboard, Kiddies Playground, Hiking Trails. FOR GRACIOUS, LEISURE LIVING - In the foothills of the enchanting Ozark mountains - large tree shaded homesitcs, all utilities, paved roads, a shopping center, doctors and hospitals, churches, schools, bank, security and fire protection, Clubhouse meeting place for civic and social clubs - entertainment - ,,.-restaurant. A 2 million-dollar / health s p a - f o r those who want \ it. IT'S BIG 14,000 Acres IT'S A NATURAL UNSPOILED BEAUTY ALL AROUND FOUR DISTINCT LOVELY MILD SEASONS Ecologically Recommended Not Just a Promise · IT'S ALL HERE FOR YOU NOW. Conic see it - Ask the man who lives at Horseshoe Bend - HE SAYS IT. 1-njo.v THREE DAYS and TWO NIGl'lTS at HORSESHOE BEND. LODGING and FULL GUKST PUIVll,!-:nGi:S are F R I i K I FILL OUT - CLIP AND MAILTODAY! We arc Interested In visiting Horseshoe Mend (or three elnys ami two nights, lodging free nnd full guest prlvllcilgcs, N/\Mti., ADDHi-SS .TEL. NO.. CITY , STATE H I P PLEASE RESERVE 3-()AYS,2-NIGIITS No.InP.irt/ DATES /XOULTS -- CHILDREN MAlLTOt Horseshoe Bcnil Estates, Reservation Department HorKcslinc Bum), Arkansas 72S36 ooot-m Tel, 1501) 322-7287 ntitaln HUO Prnportv Hoporl from lflvolonor AIUI rnncl It lioforo sinning Anythlno. HUD iioillicr APPIOVOS tlio merits of tho offering nor Its v.ilno, If .lily, of tlm propnrlv. OUTSTANDING VALUE! Outstanding features. Outstanding low price! Comfort or savings? Wirds puts that problem to rest STEEL COILS are double tempered to give superior support. DAMASKCOVER resists mold, mildew and odor. FLANGED COVER stays taut assuring you lasting comfort. EDGE SUPPORTS with "spring action" prevent edge sag. Ticking treated for hygienic cleanliness Regal-firm bedding Choose Innerspring or latex foam in twin, full, queen or king sizes Reg. 119.95 full-size innorspring mattress or foundation.... 84.88 Reg. 229.95 latex foam twin-size 2-piece set 159.88 Reg. 2-19.95 latex fonm. full-size 2-piccc set 179.88 Reg. 299.95 cjucen-sizo 2-pieco set, inner, or latex foam, 219.88 Reg. 419.95 king-size 3-piece set, innerspringorlatex fonm, 319.88 TORSION-SUPPORT foundation is perfect no-sag platform. CHECK WARDS OUTSTANDING LOW PRICE OFF 74 88 REGULARLY 109.95 TWIN INNERSPRING MATTRESS OR FOUNDATION 3 DAY SALE Rest assured. With us. WARDS Evelyn Hills 443-4591

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