Newspapers / The News-Journal (Raeford, N.C.) / April 15, 1976, edition 1 / Page 6
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Hoke County Families' Stake In Social Security How large an investment d( residents of Hoke County have ir the Social Security system? How much of the money that ha: been taken from the weeklj paychecks of local workers, tc provide for their retirement, is in it at the present time? There is general concert throughout the country about th< condition of the Social Securit; trust fund, which is currentl; providing income for 32 millioi people, not to mention 100 millior others who are looking forward t( collecting from it when they retire Figures released by the Dapart ment of Health, Education anc Welfare show that the trust func now has some $44 billion in it much less than is normally ir reserve. It will be reduced still further this year, to approximately $39'/j billion, because money is going out faster than it is coming in. If it were to continue declining ai that rate and nothing were done tc replenish it, it could be exhausted by 1982 or so. That will not tx allowed to happen, however. The stake that State of North Carolina residents have in the reserve fund, as it now stands, is estimated at S%6,000,000, based upon their contributions to it. Hoke County's interest in it figures out to S2,135.000. The drain on the retirement system's finances, it is pointed out, has been due to the recent recession and to the fact that there have been more than eight million people out of work, making no contributions to the fund. Recession or no recession, the distribution of benefits to retirees had to continue, however. In fact, the figures show, the total payout increased, as many workers, unable to get jobs, retired earlier than expected. Wesident Ford's proposal to shore up the trust fund by raising the payroll tax has been turned down by Congress. It felt that this was not a good time to increase taxes. Now, with the economy improv ing and more workers getting back on payrolls, it is expected that more money will soon be flowing into the trust fund. If not, other means will be found to build it up. In any event, no one is in any danger of losing his pension because of the temporary situation. Personals Jack Scarborough accompanied his father. D.T. Scarborough of Can dor, his brother, Talmadge Scar borough of Greensboro, and Paul Richardson of Gastonia. to Hilton Head. S.C., for the weekend. Mrs. John Campbell, Mrs. June Johnson and Mrs. R.A. Matheson returned home Monday night from a month's tour to Japan. Tney were accompanied by Mrs. Fred Stan back Sr. of Salisbury. Mrs. Alan McGee of Raleigh has been a visitor in the home of her sister, Mrs. R.B. Lewis, for the past week. Mr. and Mrs. Raz Autry. Mr. and Mrs. Wilton Wood, Dr. and Mrs. Riley Jordan. Mr. and Mrs. D.R. Huff and Mr. and Mrs. Bobby Gibson returned home Tuesday night after attending the National School Board meeting in San Francisco. Ca. Mrs. Carl Freeman has returned from a visit of several weeks in High Point with her daughter, Mrs. W.M. Blackmon and family. Mr. and Mrs. Hinton McPhaul returned home Sunday after a visit with their son and family, Mr. and Mrs. Dan McPhaul and children of Lvons. Ga. Mr. and Mrs. J.L. McNeill at tended the Masters Golf Tourna ment in Augusta, Ga.. Thursday until Saturday. Miss Debbie Leach of ASU. spent the weekend with her parents. Mr. and Mrs. Alfred Leach. She was accompanied by Misses Michele Riggsbee. Barbara Burwell and Raquel Funcia. classmates. Mr. and Mrs. Paul Dickson were weekend guests of Mr. and Mrs. John Deans of Winston-Salem, at Wrightsville Beach. Mr. and Mrs. Curtis Callihan of Elizabethtown. were Sunday guests of Mr. and Mrs. Harvey Warlick. Mr. and Mrs. James Wilkerson have moved into their new home in the Ashemont community. Mr. and Mrs. Roger Dixon had as their weekend visitors, their daugh ter and family, Mr. and Mrs, Lawrence E. Forrester and Meg, of High Point, and Mr. and Mrsv Roger Dixon Jr. of New Orleans, La. Jennifer and Amy Nichols of Col lege Park. Md are visiting their grandparents, Mr. and Mrs. Paul Burnett. Mr. and Mrs. Curtis Steadman of Baltimore. Md., spent the weekend with his mother. Mrs. Lottie Steadman. Mr. and Mrs. Eugene Matherly visited friends in Elon Saturday. Mrs. Charlie Stewart of Roxboro, was a weekend visitor in the home of her daughter and family, Mr. and Mrs. Bob Gentry and children. Mrs. W.E. Willis recently visited her mother. Mrs. Mary Souther land. who is a patient at a Clinton hospital. Miss Phyllis Moser of Raleigh spent the weekend with Mrs. Jack Scar borough. Mr. and Mrs. Monty Lamont of Durham spent the weekend visiting their parents. Mrs. William La mont and Mr. and Mrs. J.K. McNeill. Jr. Miss Mary Lynn Currie of Raleigh spent the weekend with her parents, Mr. and Mrs. James Currie. Mrs. Hank Richards left last Thursday for Louisville, Ky.. to attend the N.C. Conference for United Methodist Women. Mrs. Frank Hedrick of Roxboro spent the weekend with her daugh ter, Mrs. Carlton Niven, and Mr. Niven. Carlton Niven Jr. of Bre vard, and Miss Caroline Niven of ASU, will arrive today to spend the Easter holidays with their parents. Mrs. Wilson McBryde attended the Clothes Mart in Charlotte last week. Mr. and Mrs. Younger Snead spent i?. ? t :? ? ' Birthdays Mrs Calloway Mrs. Maude Calloway was hon ored on her birthday Sunday, when all of her children and their families gathered at the home of Mr. and Mrs. Leonard Calloway for a cook-out in the evening. After the birthday cake had been cut and served Mrs. Calloway was showered with birthday gifts. Among those from out - of - town were Mr. and Mrs. Warren Callo-' way of Long Beach. "It's not fair... You can use a Steamex" carpet cleaner just like us professionals...and save a lot of money." ? Gives professional results' ? Gets dirt other methods don't reach! ? Carpet dries quickly! ? Do it yourself and save! ? As simple to use as a vacuum!^ RentA the pro Mm? rrenmcx carpet cleaner Call 875 3727 To Unit Harford Cleaners Phom f7S-3727 J.H. AUSTIN SINCE 1950 AUTO - FIRE - LIFE CASUALTY 114 W. Edinborough Avenue Phone 875-3667 A Growing Concern A Greenhouse Vegetabk - Rower Plants Hanging Baskets NOW AVAILABLE Bill Crawley Rt. 2, Box 130 Raeford Located Near Arabia Golf Course TELEPHONE 875-2401 aooooooooooooooooooooooooooooooooo! Edenborough Center MRADEOF SALE CONTINUES APRIL 15 -16 -17 - THURS. - FRI. - SAT. SAVE 34* G E MAGI CUBES REG. SI .97 PACKAGES OF 3 CUBES - 12 FLASHES SAVE 55* Bedding Plants POLAROID # COLOR PACK 6tot?*y OO T88 FILM $033 REMEMBER THEM WITH FLOWERS $499 POTTED- ARTIFICIAL FLORAL ARRANGEMENTS save MENS WARREN MOTOR OIL ?? LEISURE SUIT Expertly Prepared and Cello Wrapped LOTS OF CANDY EGGS AND CHOC PLATES TOO 1 SAVE 29< STP OIL TREATMENT 88 REG $1.17 LIMIT 2 TRANSMISSION FLUID 3#1 Barren PREMIUM MOTOR OIL LIMIT 6 CLOROX COMFORT TOP KNEE HI'S 3 $100 (1 PACKAGE OF 3 PR.) SAVE 10 ONE GALLON Crepe Stitch Leisure Suits with Contrast Stitch - Double Track Trim - Two Top Front Patch Pockets with Button Flaps $2288 I rnuoAi COMPARE AT $32.00 REG 79< LIMIT 2 SAVE :hor hoc 2PIECE JAR LIDS ANCHOR HOCKING 2PIECE 76 12 LIDS, 12 RINGS
The News-Journal (Raeford, N.C.)
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April 15, 1976, edition 1
6
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