Newspapers / Piedmont Aviation Employee Newsletter / March 1, 1961, edition 1 / Page 2
Part of Piedmont Aviation Employee Newsletter / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
THEPieomamm MARCH, 1961 PAGE TWO Piedmont Aviation, Inc. SMITH REYNOLDS AIRPORT WINSTON-SALEM, N. C. Editor: Cleta Marshall Correspondents this issue: Bob Wilson, BKW; Bill Pearman, SHD; Shirley Sword, CMH; Susie McNeil, CRW; Virg Flinn, PKB- Cindy Tyler, CVG; Frank Reynolds, LYH; Jack Cluck, FFT; Libby Reed, CHO; Carl Simpson, TYS; Jean Hoard, DCA; Madge Lanier, CLT; Bruce Ball, LEX. Jim^s Corner By Jim Bradley What Is Social Security? Officially called Federal Old Age, Survivors and Disability Insurance is to protect you and your dependents from the risk of lack of income in your old age or disability, and to protect your family from such risk if you die. In 1958 Congress raised the Social Security benefits by about seven percent. It also raised your tax. The current tax is three percent of your first $4,800 of annual earnings. Beginning in 1963 the tax will be three and a half percent, in 1966 four percent, and in 1969 four and a half percent. Your company deducts the amount monthly from your check and matches this with an equal amount, which is turned in to the District Director of Internal Revenue. Under the Social Security law, your eligibility for benefits de pends upon the number of quarters, three month calendar periods, in which you have earned $50 or more in jobs covered by Social Security. If your age was 54 or less (51 if a woman) in J.960, you wUl need 40 quarters or ten years in jobs covered by Social Se curity to be fuUy insured at retirement age. You are currently in sured with regard to your family’s receiving survivor benefits if you have at least six quarters of coverage in the last three years. The number of quarters of coverage you have is used only in figuring whether or not you are insured. The amount of payments depends on the amount of your average monthly earnings. If you retire at age 65, or at 72 if you do not retire, Social Security will send you a monthly check for as long as you live. The minimum monthly amount is $33, the rnaximum is $127, and half as much as yours for your wife, if she is 65, or a dependent child under 18 or disabled. The maximum benefit to a family is $254. Women may retire or receive benefits based on their hus band’s earnings at age 62 in reduced amounts. If you should die and leave a family, Social Security will send a monthly check based on your earnings to your survivors, as follows: (1) Your widow if 62 or older or with children entitled to benefits in her care; (2) One child if under 18 or if disabled before 18th birthday; (3) Dependent father (if over 65) or mother (if over 62). The amount sent to each survivor depends on your earnings, for example, if your average monthly salary was $150 the amounts would be $54.80 for each eligible survivor, if your earnings were $400 per month or over the amounts would be the maximum of $95.30. As in retirement the maximum survivor bene- fits to any one family cannot total more than $254 per month. An additional $99 to $255, lump sum, is paid to your supivors for your funeral expenses, dependent upon your past earnings. Get to know your local Social Security Office. They can get you or your family a Social Security card, a new one for those working for the first time or replace a lost card. They can find out the total wages accredited to your account. You can get this report once a year and should check at least every three years. They can explain benefits and help you file claims. REMEMBER— you must claim your benefits, they are not automatic. Social Security is only a base, and should be coupled with your company pension plan and a good program of thrift to provide security for yourself at retirement or your family’s welfare if you should become disabled. We'll Stick To Humans The world’s first all-automatic jet passenger plane was ready for service. Its first customers went aboard by themselves — no attendants, no stewardesses, no other help. The doors clanged shut and the engines started electronical ly. Then a recorded voice on the plane’s intercom announced to the passengers: “This is the most modern plane in history. The newest of brain installations makes it pos sible to eliminate human hands on the ground and in the air. We have no pilot, no crew; every thing is controlled electronically. So sit back, relax, and enjoy your flight. Nothing can possibly go wrong ... go wrong ... go wrong . . MARCH Fred Kozak, F/0, ROA 1 W. M. Pickel, Asst. Chf. Agt, TRI 1 Ina Ruth Grant, INT-F 2 J. B. Pettus, INT-M 2 Theresa Woznisky, ROA 2 T. J. Johnson, HTS 3 W. G. Moser, Chf. Flight Dispatcher, INT-D 3 Max Tatum, F.A., INT 3 N. B. Hurley, CVG 4 D. C. Johnson, INT-M 4 C. E. Reynolds, CVG 4 J. R. Comer, CRW 5 W. C. Powles, INT-M 5 Betty Marcum, TYS 5 L. C. Rowe, INT-FB 5 R. A. Treadway, F.A., TYS 5 Calvin L. Gough, INT-FB 6 Gene Johnson, Flight Instr., CPA 6 Bennie Walker, Capt., ROA .... 6 Lucy Jackson, INT-FB 7 G. H. Lipscomb, ROA 7 Leroy Burton, INT 8 Ralph R. Buelin, INT-FB 9 Floyd Glenn, INT-M 9 C. L. King, DCA 9 J. V. Linville, INT-M 9 H. R. Minnick, CVG-F 9 K. H. Shelton, INT-M 9 A. M. Ward, Asst. Chf. Agt., TRI 9 J. L. Elmer, ORF-FB 10 J. C. McCormick, CRW 10 Zephya Bennett, INT-A 10 M. D. Mahn, ILM 10 E. F. Scott, Lead Agt., INT-SC 10 Lance W. Anderson, CHO 11 Roy H. Caldwell, Sta. Mgr., LOZ 11 Ray N. Campbell, CMH 11 Carl E. Mullins, INT 11 William A. Goodson, ORF-FB ..12 E. B. McBride, INT-M 12 H. F. Dobbins, Capt., ILM 13 R. H. Hudler, F.A., INT 13 W. F. Martin, F/0, INT 13 Bessie Zerbee, Agt., ROA 13 Nelle Hurlocker, INT-A 14 J. L. Neill, LEX 14 Virginia Price, ROA 14 W. E. Sebastian, INT-FB 14 Joanne Short, CMH-C 14 H. L. Vogler, INT 14 T. H. Davis, Pres. & Treas., Piedmont Aviation, Inc 15 R. G. Godfrey, INT 15 R. W. Miller, TRI 15 R. A. Elliott, INT-FB 16 S. K Gibbs, F/0, ROA 16 J. E. Birthisel, CRW 17 J. F. Flippin, INT-M 17 Warren M. Foster, Chf. Agt., CHO 17 Bobby Harrelson, CLT 17 E. A. Darr, ILM 17 D. H. Parker, INT 18 E. E. Parsons, INT-M 18 H. E. Sluder, Chf. Agt, TRI -.18 H. W. Stillman, ILM 18 C. J. Reynolds, INT 19 G. H. Wilson, Capt., ORF 19 D. P. Holloman, ORF-FB 20 R. A. Midgett, ORF 20 R. H. Wylie, ORF 20 H. J. Eisenbath, CVG-F 21 J. M. Mathias, F/O, ORF 21 J. A. Barber, DCA 22 Archie F. Ferguson, INT-M ....22 R. E. Foreman, F/0, CLT 22 W. C. Ramey, INT-M 22 R. C. Wilkins, INT 22 W. W. Barber, Purchasing Agt., INT 23 Bob G. Darden, INT-A 23 I. G. Gilbert, F/0, DCA 24 H. L. Golden, INT-M 25 Charles F. Marginot, DCA ......25 Raymond R. Mohler, PHF 25 J. M. Johnston, INT-FB 26 A. F. Long, Chf. Accountnt., INT-A 26 Donald D. Woods, Sta. Mgr., TRI 26 F. H. Grant, INT 27 L. E. Lyons, F/0, INT 27 H. 0. Norton, F.A., ILM 27 H. R. Sage, INT-M 27 R. E. Caudle, INT 28 R. M. Ford, LYH 28 W. J. O’Bryan, Lead Agt., RIC 28 Iris J. Beeson, INT 29 Edward T. Best, Div. Sta. Superv., LYH 29 H. P. Chatham, INT-M 29 C. G. Dickens, F/0, INT 29 Irvin A. Eisler, Capt., CLT 30 Wilson C. Harpe, IN']? 30 R. E. Talley, LYH 30 Edwin Kirk, SDF 31 Foy H. Owen, INT-FB 31 E. L. Walch, Asst. Chf. Agt., CLT 31 CAB Reorganizes Staff To Lighten Work Load CAB Chairman Alan S. Boyd today announced a major staff reorganization which has been approved by the Board. The re organization emphasized and strengthened the Executive Di rector’s role in improving pro cedures and expediting the Board’s ever increasing work load, realigns the functions of the economic staff for more ef fective operation, and provides for an overall planning office. Chairman Boyd noted that the changes meet the basic objec tives of the recommendations re cently submitted by a managing consulting firm that surveyed the Board’s operations. The planning office will aid the Board in developing policies, both substantive and procedural, for meeting the problems in the fast-changing air transportation field. Staffing of this office will begin promptly. This new office will be direct ly under the Executive Director who will be assisted in the over all direction of the Board’s work by two Assistant Executive Di rectors — for Plans and Admin istration, respectively. Robert C. Lester, presently Secretary and Assistant Executive Director, will assume the Plans post while the Administration post will be filled at a later date. The realignment of economic functions is reflected in a new Bureau of Economic Regulation, which, with a new Bureau of In ternational Affairs, supplants the Bureau of Air Operations. The economic bureau will con sist of three divisions, organized to reflect a changing emphasis in economic regulations. This bureau will be headed by Irving Roth, an Associate Director of the former Bureau of Air Opera tions. A Rates Division, responsible for commercial rates and service mail rates, is established to recognize the growing impor tance of commercial rate mat ters. The new division will be headed by Alfred R. Stout, an assistant chief in the former rates and subsidy division. A Subsidy Division, respon sible for subsidy rates and guaranteed loans, will concen trate on the promotional func tions of the Board in adminis tering financial aids to local service and helicopter carriers. Harry H. Schneider, Chief of the former rates and subsidy divi sion, will head this division. Finally, a Routes and Agree ments Division, comprehending the present Routes and Special Authorities Divisions of the BAO, is established to meet the urgent need for more realistic and effective administration of all licensing and carrier agree ment activities. Jacob W. Rosen thal, now Chief of Special Au thorities Division, will be chief of the combined division. Use Savings Or Borrow? By T. Ij. Martin Credit Union Vice President Borrow or withdraw savings? This question often comes up when you are considering a major purchase. Ask a member of the Credit Union staff, and their answer will always be: “Borrow.” They have the best interest of your family in mind, and can readily prove to you the wis dom of borrowing through several examples. Let’s consider a Credit Union member who has $1,000 in his share account. He decides to buy something costing the same amount. If he withdraws his shares to make the purchase, he owns something free and clear valued at $1,000. If something happens to him, his family would have this prop erty in his estate at the $1,000 value. Insurance Protects If, however, he had borrowed the money, he would have left three times more to his estate. Loan protection insurance pro vided by the Credit Union would pay off the loan balance. Loan savings insurance would double the balance of the share account. The estate of this member would have property valued at $1,000; the $1,000 in the share account; plus $1,000 insurance— a total of $3,000. Loan Savings If the loan were repaid at the rate of $41.67 per month, the interest would total $110. The dividend on the share account, paid at our past annual rate, would be $120, a net savings of $10. In addition you have in creased your estate to $3,000. Larger monthly repayments would decrease the gross in terest cost further, as well as the net cost of the repayment period. If your savings do not equal the amount of the loan you wish to make, you may secure the loan by your savings and by co signers. This would give you the advantage of two interest rates. HaU Secures Loan If you have $500 in savings and you wish to make a $1,000 loan, you may secure half of the loan with the savings and the rest with two co-signers. The interest charged for loans secured by shares is lower than those using co-signers as collateral. Remember, when your Credit Union staff advises you to bor row rather than withdraw sav ings, they have your best in terest at heart. Go4uyuiti 10 YEARS SERVICE Julian C. Morton, Jr., Chf. Agt., INT, March 12 Audree F. Long, Chf. Accountnt., INT-A, March 16 Frank R o s c a n a, Capt., INT, March 23 5 YEARS SERVICE James F. Wood, Engineer, INT, March 1 Floyd Glenn, Cleaner, INT-M, March 2 Dossie Norwood, Cleaner, INT-M, March 2 William Coy Ramey, Jr. Special ist, INT-M, March 5 Glenn M. Smith, Lead Agt., ISO, March 5 Neal Upson, Cleaner, INT-M, March 5 Herman E. Manuel, Sr. Special ist, INT-M, March 8 Bobby Lee Russell, Mech., INT, March 8 Edward J. Wilson, F/0, ILM, March 8 Walter M. Platt, Agt., LEX, March 15 Opal M. Taylor, Agt.-Res., FAY, March 28 Kenneth G. Rushing, Jr. Mech., INT, March 29
Piedmont Aviation Employee Newsletter
Standardized title groups preceding, succeeding, and alternate titles together.
March 1, 1961, edition 1
2
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75