Social Security Benefits
In the next few issues of Fieldcrest
Mill Whistle we are going to have
articles with regard to the new Federal
Old Age Insurance Law showing the
changes that have been made, increased
benefits and other provisions of the new
law.
The article in this issue deals only
with employees who have already re
tired and who are now receiving old
age insurance and explains to thern how
they may determine what they will re
ceive under the new law.
The amount of benefits is determined
by the use of a Conversion Table, a
copy of which is given below:
T n
Primary insur
Primary i:
ance benefit
ance amo
$10
$20.00
11
22.00
12
24.00
13
26.00
14
28.00
15
30.00
16
31.70
17
33.20
18
34.50
19
35.70
20
37.00
21
38.50
22
40.20
23
42.20
24
44.50
25
46.50
26
48.30
27
50.00
28
51.50
29
52.80
30
54.00
31
55.10
32
56.20
33
57.20
34
58.20
35
59.20
36
60.20
37
61.20
38
62.20
39
63.10
40
64.00
41
64.90
42
65.80
43
66.70
44
67.60
45
68.50
46
68.50
You determine your benefits as fol
lows:
Step 1
Find in Column I the amount of dol
lars you now receive as Federal old age
insurance. Suppose you have been re
ceiving $25.35 each month from the
Federal Government for primary bene
fit. Find the amount $25 in Column I.
Step 2
Read the same line in Column II the
amount of benefits you will receive
under the new law for that number of
dollars.
Step 3
If the amount now received is be
tween figures shown on two consecu
tive lines in Column I (as $25.35, which
is between the $25 and $26 lines in Col
umn I) get the difference in the amount
shown in Column II lor those amounts.
Multiply the difference by the percent
age that the odd cents you now receive
bear to $1.00. Add this to the amount
arrived at in Step 2.
Step 4
If primary monthly benefits do not
end in a multiple of 10c, they are in
creased to the next highest multiple of
10c. For instance, benefits of $46.31
would be increased to $46.40.
Example
An employee is now drawing, under
Social Security from the Federal
Government, primary old age bene
fits in the amount of $25.35.
Step 1
Find figure $25 in Column I in the
Conversion Table.
Step 2
The figure on the same line in Col
umn II is $46.50.
Step 3
35c is 35 per cent of $1.00. For pres
ent primary benefits of $26, benefits
under the new law will be $48.30 as
shown in Column II on line with $26
in Column I. The difference, $48.30
less $46.50 (the amount on the $25
line), is $1.80. 35 per cent of $1.80 is
63c. Add $46.50 and 63c, which gives
a total of $47.13.
Step 4
The Government will add 7c to
raise the amount to the next multiple
of 10c, making the total primary
benefits $47.20.
In a subsequent issue we will talk
about benefits to employees who have
not retired, but who will retire in the
future.
★
Too much celebrating has kept many
a man from being celebrated.
Absentee Meter
Two-week periods ending
August 20 and September 3
Per Cent
MILL 8-20 9-3
Finishing 3.4 3.6
Towel 4.0 3.6
Electric Blanket 4.2 3.6
Hosiery 4.6 3.8
Central Warehouse 2.8 3.9
Bedspread 3.5 4.5
Rayon '^•2 4.5
Karastan 4.7 5.2
Blanket 4.6 5.7
Bleachery 5.7 5.8
Sheeting '^•0 8-8
TOTAL 4.9 5.2
Missins: in Action
SGT. FRANK D. RORRER
No further word concerning Sgt. Frank
D. Rorrer, other than that he has been
missing in action in Korea since July
20, has been received by his parents
here. The soldier’s father, George Will
Rorrer, 69 Church Street, Spray, is a
retired employee of Fieldcrest Mills. He
retired from Central Warehouse, No
vember 30, 1945.
The 31-year-old sergeant, a veteran
of 14 years in the army, was attached
to the 24th Infantry Division. He
fought in the South Pacific theatre for
four years during World War II. Later,
in 1947, he was sent back to Japan for
occupation duty. He was in Japan at
the time the Korean conflict broke out.
Sgt. Rorrer met his wife, the former
Miss Myrtice Higgins, of Anniston, Ala.,
while he was stationed at Fort McClel
lan early in World War II. After their
marriage he was sent overseas. Mrs.
Rorrer lives at 1812 W. 11th Street in
Anniston.
BEDSPREAD NEWS
(By Ada Jones)
Mrs. Rachel Carter has returned to
work after an absence of five weeks due
to illness.
Mr. and Mrs. Raymond Barker mot
ored to State Park last Saturday in her
new club coupe which he gave her as
an eighth anniversary present.
We are glad to have Mrs. Cabler and
Mary Waitkis back again.
Congratulations to Mr. and Mrs. Gor
don Hundley who took that important
step August 27. Mrs. Hundley is the
former Miss Yvonne Williams, of Leaks-
ville.
FIELDCREST MILL WHISTLE