Newspapers / The Chowan Herald (Edenton, … / Sept. 26, 1974, edition 1 / Page 17
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SECTION C The Washington .Report Post Accepted Know Your Social Security Bv (oawssman WAI.TKK B. JON KB Congress reconvened on Wednesday. September It and due to the short work week, there were only three pieces of major legislation considered, as follows: Railroad Retirement System - amendments to the Railroad Retirement Act of 1937 passed by a vote of 343 to 10. The bill provides for a complete restructuring of the Railroad Retirement Act of 1937 and will place- it on a sound financial basis. Railroad Retirement benefits will hereafter consist of two components - the first tier be a benefit computed under the Social Security Act, counting all railroad employment as Social Security employment, and com bining that service with all Social Security covered employment; and a second tier of benefits based on railroad service alone computed under the Railroad Retirement Act. Persons in receipt of both Railroad Retirement and Social Security benefits as of December 31,1974 will continue to'receive benefits under both systems without any reduction in those benefits. The bill liberalizes eligibility or benefits in two areas :(1) Ahere an employee retires at ige <>» after 30 years service, ind has a current connection •vith the railroad industry, ;upplemental annuity is iayable to him (current law equires that the amployee lave attained age 65) » In addition, the bill raises lenefits for survivors of leceased employees to 130 per :ent of the amount that would lave been payable under the ' Social Security Act counting ailroad service as Social Security service (existing law jays 110 per cent). WE OFFER SPRAYING SERVICES FOR SHRUBBERY FOR - Crape Myrtle, Red and White Juniper Chip Mulch Pins Bark Mulch Hanging Baskets Year Around CALL LEARY PLANT FARM Route One Edenton, N. C. PHONE 221-4672 ■ Honeymoon Special I East Coast Sales has equipped one of their quality homes with I 111 everything that a newly married ciuple would need! Aluminum! 11l cookware” dishes, toaster and coffeemaker have been added to ■ 111 the kitchen. A 17" G. E. Color TV and a cabinet style stereo I wM with 8 track AM/FM and turntable las been odded to the living I I room! You'll olso find linens, bedspreads and bath accessories! B jj|H Don't miss this tremendous deal this fully equipped home. I j||j Special Prices and Special Service truly "makes this home a B W BPS-Pefe® - ‘9 I ¥i m I : fl f t\j. ; -*> * g v L i*am a m •''' sV . —-i ft A TEC FAtlfMf yAIQvWUHIT ■ Nomudear Energy Sources jassed by a vote of 327 to 7 to jrovide Congressional policy guidance and funding for the nitiation of a centralized tathmal program of research md development *h non-nuclear mergy. including , the uses of aul. oil and gas, oil shale, lydrogen, wind power, solar energy, geothermal energy and others. The; legislation delegates all powers authorized in the bill to the Administrator of the Energy Research and Development {Administration (E RD A). Authorization is contained in the bill in the amount of $3.1 tyilUoh: in fiscal 1975, and $l.B billion in fiscal 1976. Current funding in this area amounts tojapproximately SBOO million. V ‘ ' Debt Obligations Regulations - passed by a vote of 317 to 5, with 8 Members voting “present,” The bill authorizes three federal financial agencies to control the issuance of debt obligation by bank or saving and loan bolding companies, their affiliates or subsidiaries. The intention is to prevent an outflow of deposits from savings and loan institutions which finance much of the housing industry. The legislation comes about as a result of recent actions taken by a number of bank holding companies and non-fin corporations to issue debt obligation whose terms are unique in that* they offer a floating rate of return (interest) based on a market instruement such as a U.S. i Treasury bill, plus an added premium and which have a long-term maturity but can be redeemed upon notification in a shorter period of time, which has caused wholesale withdrawal of funds from thrift institutions, such as saving and loan association and mutual . Continued on Page 4 Edenton, North Carolina, Thursday, September 26, 1974 By Alexander \ V‘.. J. F. Alexander RALEIGH—A melnber of the N. C. Board of Transportation has been named to the post of Commissioner of Motor Vehicles, N. C. Department of Transportation and Highway Safety. Transportation Secretary Troy A. Doby said “We are pleased to announce the appointment of Jacob Franklin (Jake)< Alexander, 50 of Salisbury, to the post of Commissioner of Motor Vehicles. Alexander has been granted a leave of absence from his business to take on the challenge of heading one of our t largest divisions." The new commissioner will be sworn into office November 1 when the resignation of Commissioner Boyd Miller becorhes effective. Miller announced recently his resignation because of “health problems.” > Alexander, an official of the N. C. Finishing Company, a division of Fieldcrest Mills, said of his appointment, “I feel very strongly that businessmen in government is a good thing. With my 26 years in business plus my involvement with the N. C. Board of Transportation and State Highway Commission, I feel I can give some stability to the operation of the Department of Motor Vehicles and 1 look forward to the challenge that will be there.” Secretary Doby said that Alexander will begin working for the Department, of Transportation October 1. Alexander was named to the N. C. Highway Commission by Gov. James Holshouser in January, 1973, then to the Board of Transportation in July, 1973. The new commissioner is married to the former Doris Turner of Salisbury, and they have four children. He is a member of the Methodist Church. Heart disease is the most common cause of disability among people getting social security disability payments. Social security pays monthly benefits to over two million people under 65 who are severely disabled and cannot work for a year or more. Thirty three per cent of them have severe heart disease, according to a recent study. The study, conducted by the Social Security Administration, also showed that 16 per cent of the disabled people getting benefits have musculo-skeletal disorders, such as arthritis, gout, and amputations. Ten per cent have mental disorders and another ten per cent have neoplasms (abnormal tissue growth). MIAICIKISB LcMubbt suit Mrs 1 If Oct 3.4. 5 Only ** Ij I A Ifn PANTV HOSE jf /YprK Harvest -U 1 mtUolfee bea***’ suntan ' white I "savings"' \\V\ PQc M ||J (fi■ f | ~ *... I Dainty Lace and Embroidered square yoke 8 I Blip I /\ IS I 111 § on sleeveless gcwnand peignoir. Full swirling §§ i..[r fjjf X *" L 1 skirt. Peigonoir has lace edged butterfly H '\VSmTT ' c , , , . „ . ~ „ sleeves washes - dries in 8 wink Blue-nink- ha. . . * ,** Select from a stunning collection of fall colors, tex smeves, wasnes ones ma wins. Blue pmK |Oir buyers famous make jeans at a tures, patterns. Long sleeve shirt jacket, pull on § If™** 1 ' Select denim, tweeds, Diaids, slacks. Machine wash, size Bto 18. _ solids, some with the ‘gripped Flare leg, slightly sQ97fr:r: ,s $/i oo «>.»* $ iosß £« <J 1 sl3o ° ORiLY 4r Saveli J. Ms I c First Quality By Whittaker Boys Sizes 3 to 10 I y\ tE* Ne» Fa" Weight - Pattern* S1 44 Texture* and Colors 1 SPECIAL A - » , ,1 Other basic causes of disability among people getting social security payments include accidents, 8 per cent; respiratory disease, ? per cent'; and disorders of the nervous system and sense organs, 6 per cent. Many people who have heart disease and other impairments can and do work. Social security disability benefits are paid to severely disabled people whose impairment prevents them from working. In selected cases, social security helps pay for vocational rehabilitation of disabled workers. Monthly social security checks also go to more than \'h million dependents of disabled workers. i If 75 o L DSMOBILE —Oldsmobile has announced that its 1975 model line-up in cludes 35 models with increased emphasis on the smaller car market. But the General Motors division hasn’t forgotten the luxury models as is evidenced by this Ninety-eight Regency. J SECTION C
The Chowan Herald (Edenton, N.C.)
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Sept. 26, 1974, edition 1
17
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