Newspapers / The News-Record (Marshall, N.C.) / Sept. 10, 1970, edition 1 / Page 2
Part of The News-Record (Marshall, N.C.) / 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
Marshall, N! C. September 10, 1970 - Page 2 The News-Record BOX 367 MARSHALL, N. C 28753 NON-PARTISAN IN POLITICS PUBLISHED WEEKIY BY COMMUNITY NEWSPAPERS, IMC Second class privileges authorized at Marshall. N. C. 28753 )STTJTT JAMES I STORY, Editor SUBSCRIPTION RATES IN MADISON - ADJOINING COUNTIES 15 Months $4.50 12 Months 4.00 8 Months 3.50 6 Months 3.00 4 Months 2.50 SUBSCRIPTION RATES OUTSIDE MADISON COUNTY 15 Months $6.00 12 Months 5.00 6 Months 4.00 4 Months 3.00 (Add 4 if in North Carolina) AIRMAIL 40c Per Week EDITORIALS j More Local People Get Retirement Checks A growing number of men and women m Madison County .ire getting social security checks each month from Washington. A total ol 2,564 persons in the local area, more than ever before, are now on the receiving end. It compares with 2,218 tour years ago. They are reaping the benefit of money that was deducted from their pay envelopes over the years and put into the social security trust fund for their future needs. Most of the recipients are retired or disabled workers. The rest are the wives, widows, children and other dependents of these former workers. The details are contained in the annual report of the Social Security Administration, covering 1969. It marks the 35th anniversary of the program. T he increase in the number of local beneficiaries is ihe result, in great measure, of the periodic liberalizations voted by Congress. With each change -additional groups of workers have become eligible for enrollment. Today, well over 90 percent of the employed people in the local area qualify for such protection. Keeping pace with the increase in the number of beneficiaries has been the marked increase in the sic of their pension checks. The average payment to Madison County residents in 1969 was $697. This compares with $57 four years ago. And this year they arc doing still better, by virtue of the 15 percent hike in benefits now in effect. What with the increase in the sie of the i hci ks and m the number of recipients, the inflow ot pension funds has become an important item in the loc al ec onoim . According to the official ligurcs. total payments m the area, as of the beginning of this year, were at the annual rate of $ 1 . 7 M 8 ,00( I, In !9(,5 the total was only $1 .271 .00(1. Hand in hand with the improvement in benefits has been the increase in payroll taxes to pay for them. Since the program began, in 1937, there have been 13 tax hikes, through changes m both the rate and wage base. No such change is expected, however, this y ear. THERE'S ONE PLACE A MIDI WOULD LOOK GOOD' FORD DIVISION'S FRISKY NEW LITTLE CAR WILL BE S!l -AT - SERVICE MOTOR SALES, THIS FRIDAY September 11 N Powered by standard 1000 CC engine and lia.s as option an overhead ram shaft engine which develop.s 100 horse power. It is geared by a fully synchronized 4 speed gear box. Its sub-compact size is 9.1 inch wheel Iiase with 163-inch overall length. Special constructed front and suspension and steering mechanism. FOR A NEW LOOK AT SUB COMPACT CARS, LOOK FIRST AT THE 1971 PINTO We Still Have A Few 1970 Ford Cars And Truck at CLOSE-OUT PRICES! DMtor FrandiiM No. 2633
The News-Record (Marshall, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 10, 1970, edition 1
2
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75