Automatic boost in Social Security benefits tentatively approved
The House Ways and Means Committee tentatively approved automatic cost of living linked increases in Social Security benefits as part of an outline for a welfare Social Security bill. If the cost of living rises 3 percent in a year, benefits would rise automatically. The payroll wage base would rise with average wages to pay for the system. The minimum payment for long service would rise from 70.40 to 100, 150 or more based on years of coverage. Medicare eligibility would expand to disability after two years, not extending to spouses. Widows would continue to receive 100 percent of their husband’s basic benefit.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means
Congress
Import car sales rise sharply in first quarter
Import cars surged 32.4 percent in the January to March period, as total U.S. retail car sales rose 13.6 percent. Domestic car sales increased 10.9 percent, while compact and subcompact models captured 30.3 percent of the market, up from 25.8 percent a year ago.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler recalls over 65,000 vehicles for inspection
Chrysler Corp announces four recall campaigns affecting more than 65,000 vehicles. The actions cover 29,346 passenger cars from 1970 71 models for automatic speed control cable issues, 10,496 1971 Chrysler Imperial models for servo unit replacement, 25,500 current Dodge BLOO B200 B80 trucks for fuel vapor separator leakage checks, and 42 1971 Dodge D200 W200 P200 trucks for rear axle bearing lock-ring tab inspection and possible tightening.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Chrysler Corp
Dodge
Plymouth
Chrysler
Imperial
Teflon Plant Adopts Four Day Week Across States
The Fluorocarbon Co announced a four day work week to boost productivity and morale. Plants in Anaheim Pomona Mountain View California plus Rosemont Illinois and Newark N J operate 40 hours weekly with sales staff as the only exception.
MENTIONED IN THIS ARTICLE
Anaheim
The
Fluorocarbon Co
Peter Charm
Pomona
Mountain View
California
Rosemont
Illinois
Newark
N.I
Duces Teflon Products
Pension Reform Cuts Retirement Earned Income Cap
The report notes a change from 82.4 percent to a lower limit on the earnings a retired worker could make, signaling a pension reform shift affecting retiree income. The text implies a policy adjustment impacting financial thresholds for pensioners.
Pension Increase Discussion Cited for Retirees
A report notes that a seat without pension reduction would raise a retiree pension from $1,600 to $2,000, illustrating proposed adjustments and their impact on future payments.
Committee considers extending work beyond age 65
A committee discussed allowing volunteers to continue working past 65. The debate centered on eligibility and potential implications for staffing and succession planning.
Workers See Benefit Rise 1 Percent Per Extra Year
The text notes benefits increase by one percent for each additional year of service. It reflects a policy linking tenure to higher benefits and implies a gradual scale with longer employment. The source emphasizes the stepwise benefit growth tied to years worked.
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Downey
Paramount
Los Angeles
Westwand Blvd
Olympic
Santa Monica
Sears
See
See's
Long Beach
Pine Avenue
Bellflower
Los Altos
Lakewood
Pepperwood Avenue
Hazelbrook
Compton
Compton Center
Long Beach Boulevard
Norwalk
Rosecrans
Norwalk Square
Paramount Boulevard
Buena Park
Canoga Park Compton
Covina HL Monte
Glendale
U F.M
Hollywood
Toby
St. Bernard
Orange
Pasadena
Gott
Pico Pomona Santa and
Santa FF Springs
Santa Monica South Coast Plaza
Thousand Oaks
Torrance Valley
Veamoni
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