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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Sep 04, 1974
Page
4
The 1974 Employment Retirement Income Security Act guarantees workers some pension protections. It sets rules for plans, defines vesting, funding, and required disclosures, and creates the Pension Benefit Guaranty Corp to insure benefits.
The Messenger welcomes general interest letters to the editor and asks writers to sign each submission with a full address and telephone number. The paper reserves the right to condense letters to fit space and enhance readability for broad reader interest.
Ohio's Vietnam Bonus Commission processes 260000 of an estimated 500000 eligible applicants while residency disputes delay many veterans from qualifying. Applicants must prove legal Ohio residency during Aug 5 1964 to July 1 1973, not merely presence. The payout rate averages $400 per approved claim toward a $500 maximum.
The measure reduces workload and extends staff through 1982. Applications close January 1 1978. Living veterans may take the bonus in cash or double the amount in educational assistance. Survivors receive 1000. POWs get 1000 extra. Combat disabled receive 500. Monthly rates: 10 for domestic service, 15 overseas, 20 for Vietnam era service.
New York review notes William F. Buckley Jr. serves as U N delegate and chronicler in United Nations Journal from Putnam 1973. The book mixes satire and observations on the General Assembly with insights into human rights, politics, and Buckley’s own persona.
The Conference Board found that the 1,000 largest U.S. manufacturers sharply increased capital spending between the first and second quarters, authorizing 16.29 billion dollars in spending up 39 percent. Despite a Fed policy aimed at cooling inflation, many industries push expansion, with petroleum leading the surge.
Columnist Joseph Kraft continues research for future pieces on inflation and the 1974 elections. He plans a special series on petro dollars—the vast funds held by oil producing states. Columns appear Mondays Wednesdays and Fridays in The Messenger and resume the week of September 9.
The column notes key events on September 4 across years, including Los Angeles founded in 1781, the Third French Republic in 1870, Geronimo’s surrender in 1886, World War I fatalities in 1916, Graf Zeppelin circumnavigation in 1929, Marine Corps discrimination reforms in 1969, and a 1969 grand jury indictments in a Pentagon Papers case. It also lists birthdays Henry Ford II aged 57 and Ken Harrelson aged 33, ending with an Oscar Wilde thought on happiness and goodness.
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