In the September 18 issue of the Mil]
Whistle we had an article on how the
new Social Security law effected em
ployees who have already retired. To
day we will discuss another group—
Employees who Retire between January
1, 1950, and June 30, 1951.
If you retire between now and June
30, 1951, your benefit amounts will first
be determined under the old law. You
then use the conversion table which ap
peared in the Mill Whistle dated Sep
tember 18 in the manner explained in
that issue to find out what your bene
fits will be under the new law.
Under the old law benefits were
calculated on the average monthly
earnings from January 1, 1937. You first
need to find out what your average
monthly wages were in that period. You
may obtain this information by writing
to the Social Security Administration,
Candler Building, Baltimore 2, Md.
Once you know what your average
monthly earnings were in the period,
you may calculate your benefits as fol
lows:
40% on the first $50 or less; plus
10% on the balance over $50 not
exceeding $200; plus 1% of the
amount shown in steps 1 and 2 for
each year you have been insured
and earned as much as $200.
Example:—An employee retires De
cember 1, 1950. His average monthly
earnings since January 1, 1937, are $150
per month. His benefits under the old
law would be 40% on the first $50
Which is $20; plus 10% on the balance
of $100 which is $10. Adding these two
amounts together, we have $30. The
employee has been insured and earned
as much as $200 a year for 14 years,
therefore, he gets 14% of $30 which is
$4.20. Adding this to the $30 obtained
in steps 1 and 2, the total is $34.20 under
the old law. Applying the conversion
table, which was printed in the Sep
tember 18 Mill Whistle, the benefits
Under the new law are $58.40.
In our next article, we will deal with
the employees who will retire on and
after July 1, 1952.
It was the morning after the riotous
New Year’s party. Maggie, who was
always a judicious celebrator, managed
to rise from her bed in a fairly good
condition; but Jerry, her husband, was
ip an awful state. He sat holding his
head and groaning.
“Jerry,” his cautious mate admonish
ed, “I warned you last night. If you
hadn’t drunk so much, you wouldn't
feel so horrible this morning.”
“Drink had nothing to do with it, ’
the afflicted man moaned. “I went to
bed feeling wonderful and woke up
feeling awful—it was the sleep that
did it.”
Monday, October le, 1950
Karastan Featured In
New York’s National
Homefurnishings Show
Karastan rugs were featured in the
largest single display area in the second
annual National Homefurnishings Show
in New York’s Grand Central Palace
recently. More than 186,000 people paid
$1.00 including tax to visit this show
which gave leading manufacturers and
decorators an opportunity to show the
public important trends in homefurn
ishings.
The Karastan exhibit on the main
floor was located so that the four
heaviest traffic aisles merged on our
own rug display. Full size rugs were
shown, permitting Mrs. Average Home-
owner to visualize exactly how these
fine floorcoverings would look in her
home.
Traditional Oriental patterns were
spotlighted in one group, plain broad-
looms in both wool and cotton in the
second group, and the new contempor
ary patterns were placed in the third
group. Since the floor of the tremendous
show was bare, visitors were pleased
to have an opportunity to rest their
weary feet on thick pile of Karastan
rugs as they viewed the display.
Pamphlets were distributed telling
customers where they could buy these
rugs from stores who regularly handle
Karastan products and many people
went to these stores and purchased rugs
after seeing them at the show.
Since the show was open from 10:00
a. m. until 10:30 p. m. for 10 days (in
cluding two Saturdays and two Sun
days) the Karastan sales staff deserves
special recognition. At least two Kar
astan representatives were on hand at
all times to answer questions and tell
visitors about the features of our rugs.
This job, of course, was in addition to
regular duties.
-★—
The order of doing some things makes
a lot of difference in safety. It isn’t al
ways possible to “shake the medicine”
after it has been given. Reaching into a
machine before it has stopped, for
example, can cost you a finger or a
hand.
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