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Indiana Tipton Tribune Newspaper Archives Sep 2 1976, Page 5

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Tribune (Newspaper) - September 2, 1976, Tipton, Indiana Tipton TribuneThursday. SeptemberZ. 1976PAGE SFederal pension plans provide best benefits Federal pension plans offer the best retirement deal in the nation to their workers, from the president^f the United States to the mailman. But the pension funds also are among the most debt-ridden. The 21 major pension plans covering federafemployes have an unfunded debt of nearly $500 billion, according to estimates compiled by the National Taxpayers Union, a private nonprohl research group. That Business mirror NEW YORK (AP) — You probably never have considered moving in order to save on automobile costs and after reading this you still may not, but do you realize you might save thousands of dollars by doing so? Over ^20-year period, for example, the resident of Cincinnati probably will spend $14,000 less than the New Yorker to own and operate the same intermediate-size car. And $14,000, you will agree, can mean a profound change in your way of life, such as a bigger home, a better golf club or a more prestigious school for the offspring. Figured into this costs analysis is the purchase price of a new eight-cylinder air-conditioned vehicle every four years, and the cost of supplying it with gasoline, oil, maintenance, tires, insurance, taxes, and financing. Depreciation too. All these costs average out to 20.8 cents a mile in New York, the most costly city in which to operate a car, and only 15.9cents in Cincinnati, the least expensive of 28 major urban - centers measured. Assuming today’s costs, the Cincinnati resident on average will spend $8,-876 to own and drive an intermediate-size car 14,000 miles a year. A resident of New York City probably will spend $11,668. These figures comes from Runzheimer and Co., a unique consulting firm based in Rochester, Wis., that supplies the cost-statistical base for the -American Automobile Association ancSmore than 500 companies. The bulk of Runzheimer’s work remains with large organizations and fleet owners, but recently it developed a Car Cost Index for individual owners too, as part of a continuing study of family living costs. Perhaps most important of all its findings is that all the ef- -ficiencies you can think of probably won’t add up to the geographical differential if you live in one of the more expensive urban areas. Right behind New York as the most expensive cities are San Francisco and Los Angeles, both with per mile costs above 19 cents. Boston, lower Connecticut, Long Island and Chicago all have costs of 18 cents a mile or more. In the 17-cent range are lower New York State, St. Louis, Philadelphia, Phoenix, Kansas City, Washington, D C., northeastern New Jersey, Buffalo. Denver, Detroit and Baltimore. At 17.3 cents, Buffalo is the median city. Except for Cincinnati’s 15.9 cents, all the remaining cities in the list — Seattle. Pittsburgh, Minneapolis, Houston, Atlanta, •Cleveland, Dallas. Milwaukee and Miami — are in the 16-to 17-cent bracket. “Rather than selling the house and moving to Cincinnati, is there anything the individual can do to cut costs?’’ Rufus Runzheimer was asked. “Look toward operating a smaller vehicle,’’ he replied. “If you’re operating a full-size vehicle you probably can drop down to an intermediate or compact” This is much the same advice that Runzheimer, whose father founded the company in 1933, gives to fleet operators. “A company owning stan-dard-size cars pays about 8 or 9 per cent more a year than the company with a fleet of intermediate autos” he said. “And if they drop down another Size, to the compacts, the savings would amount to 17 to 20 per cent a year compared to standard-size car costs.’’ He also looks for self-service gasoline stations to help reduce operating costs. Already he estimates that 30 per cent to 40 per cent of all gasoline pumped is from self-service units, and he expects the trend to grow. But, with World Series time coming up, and Pete Rose and Joe Morgan having scintillating years, as usual, that move to Cincinnati looks more attractive than six-cylinder cars and pumping your own gasoline. Henry IV granted 1st Maine charter The first charter relating to an area forming the present state of Maine was granted by Henry IV of France to Pierre du Gast, Sieur de Monts, in 1603, known as the charter of Acadia. It embraced the whole of North America between the 40th and 46th,degrees of north latitude. Northwest hit by 'con' family SEATTLE (AP) — “The Williamson Gang is the slickest and most successful clan of bunco, flim-flam andconfidence artists in the United States,” the National Better Business Bureau says. “The Williamsons ' are organized crime, perhaps icond only to the Mafia,” one ^^iVashington law enforcement official says. The Williamson gang, a band of 250 intermarried descendants of a Scottish con man, is on its annual tour of the Northwest, making victims of the gullible in a multimillion dollar operation. Law enforcement agencies say the Williamson gang andthe related Boswell Group defrauds and cons thousands of people a year. It is penny-ante organized crime that adds up to bigtime larceny. The gang wanders through the states, working its tricks on the unwitting. Members appear prosperous. Their equipment is new and in good condition, law officers say. Their approach is respectable. They peddle frauds under the guise of roof or driveway repairs, termite exterminations, even sel^ng so-called “Irish” lace and linen. “They hit old people. Just last week-a man living near Lacey was hit for $365. They sprayed this aluminum-colored stuff on his roof. They didn’t even bother to clean his roof first. I don’t think the so-called sealer will last through the summer,” said Lt. Mac McFarland of the Thurston County sheriff’s office. Tacoma officials reported that one old woman paid a Williamson gang member $195 to prune trees. He got the check and left immediately for the bank, where he altered the $500 billion is money guaranteed to present and future retireees, money the pension plans do not have on hand and that each taxpayer will have to shell out over the coming years. As of March 1, the pension plan of the largest federal employer, the Civil Service Commission, had unfunded pension debts to 4.2 million active and retired workers totaling $101 billion. In the military retirement system, the unfunded debt to3.1 million active and retired employes is $172 billion. The pension fund covering the U.S. foreign service has an unfunded debt of $1 billion. And the Central Intelligence Agency owes an estimated 16,000 employes, both active and retired, approximately $3 billion more than it has on hand, the National Taxpayers Union estimates. (The CIA does not make such statistics available.) Under the Presidential Retirement Act, former President Nixon gets $63,000 a year in retirement pay. Three presidential widows — Mamie Eisenhower, Bess Truman and Jaqueline Kennedy Onassis — get $20,000 a year each. It is estimated that the fund providing that money will be $3 billion in debt over the life of its commitments. Of the 21 principal federal penion plans, only one — the Federal Reserve System Retirement Plan covering 1,500 employes — is fully funded, meaning that if the plan went out of existence, it would have the assets to pay all its pension debts on the spot. The rest of the plans apparently are relying on faith in the federal government’s ability to tax 215 million Americans and print more money — something cities and states with billion-dollar pension debts can’t do. In the U.S. Civil Service, basic pension benefits average $550 a month or $6,600 a year, accor-• ding to David Minton, a staffer for the House Post Office and Civil Service Committee. But a retiree who started at that pension level three years ago has seen his postretirement benefits grow to $8,494 when the cost-of-living allowance is added, according to calculations done by the actuarial firm Program Planners, Inc., of New York. While state and local public employes must serve an average of 10 years — known as the vesting period — before they can start collecting even a reduced pension, some U.S. civil servants can collect retirement pay after only five years. After 41 years of service, a federal employe can get 80 per cent of the average of his three highest salaries years of service. Unlike nearly all private workers <,and many state and local public employes, federal civilian workers are not entitled to Social Security benefits. But it is common for federal workers \o •mooniigni in private jods long enough to qualify for Social Security. With that combined coverage, a retired civil servant often can make more in retirement benefits than he took home while working. To get his generous pension, however, the federal employe must contribute 7 per cent of his yearly salary. Most private plans do not require employe contributions and state and local public workers have to pay only 4 or 5 per cent of their salaries toward pensions. Last year, federal civil servants contributed $2.1 billion to their pensions, while taxpayers kicked in $9.2 billion, a cost of about $45 per American. The debt problem of federal plans is compounded by the most liberal cost-of-living allowances offered any American worker. The allowance matches each yearly rise in the Consumer Price Index and then goes it one better. A so-called “one-percent kicker” is added, meaning an extra one per cent adjustment above the inflation rate to compensate for time delays in paying the cost-of-living allowance. Congressional staffers report strong backing for several pending bills which would eliminate the kicker. Ed Hustead, chief actuary 0Í the Civil Service Retirement Plan, estimates the cost of living allowance has added $31.4 billion to the fund’s over-all debts since it began in December 1965. Of that total, $22.1 billion has been accumulated since 1973 when inflation was approaching its peak. And the one-per-cent kicker alone has increased the system’s debts by $4.9 billion since it was begun in November 1969, Hustead says. Federal officials say the military retirement system is the most generous and most debt-plagued The system is entirely pay-as-you-go, meaning the plan collects from taxpayers only what it needs to get by each year. No fund is accumulated, no investments are made and hence there is no interest that might ease the tax burden. Pension experts say this type of system runs a high risk of sharply rising costs each year because provisions for future payments to retirees are never set aside. Military pension costs, borne by every American, have gone from $895 million in 1962 to a forecast $8.4 billion in fiscal 1977. The Defense Department projects that military pensions will cost $11.3 billion in fiscal 1980 and $20.9 billion by 1990 if present trends continue. " Unlike most publicly employed workers, military employes make no contribution to the pension plans. They can retire after 20 years’ service at half pay and will draw their checks for an average of 32 years. Unlike most other federal workers, they are entitled to Social Security benefits. The military plan also provides the full cost-of-living, plus the kicker adjustment, for its retirees. And the average military retiree gets an estimated $2,000 a year in government- subsidized savings through use of base food stores, hospitals and other facilities. Two other groups receive generous retirement benefits — congressmen and federal judges. Congressmen are covered by the Civil Service Retirement Plan, but no one is sure how much of the fund’s $101 billion unfunded liability is due to congressional pensions. Benefits range from $11,000 to more than $50,000, depending on vears of service. “senior status,” after which they can work or not, at their own choice. Either way, they draw full salary until they die. Some federal judges, through a complicated quirk in the federal judicial and civil service statutes, also are getting paid an unintended windfall in back civil service benefits for U.S. government jobs they held before joining the bench The amount of this windfall has been estimated as high as $200,000. A U.S. Civil Service Commission spokesman said 16 federal judges were entitled to back civil service pensions in addition to judicial benefits. He said many were receiving the double payments. The majority of the 16 are former U.S. attorneys, or congressmen who had accumulated the necessary five Sens. Mike Mansfield,-&i^ears of civil service credit Mont., and Hugh Scott, R-Pa., will get annual retirement pay of more than $40,000 when they retire in November. House Speaker Carl Albert, D-Okla., will get the maximum rate of $65,000. The maximum pension is 80 per cent of final pay after 32 years’ service, but military service up to five years can be included. Federal judges have what may be the best deal of all. Technically, they are never even considered retirees, but rather after age 65 or 70, depending on their number of vears on the bench, attain before joining the bench, the spokesman said. He declined to name the judges involved, but those who have said in the Congressional Record that they were entitled to double benefits include U.S. Circuit Court Judge Homer Thornberry of Austin, Tex.: U.S. Court of Claims Judge Marion T. Bennett of Washington; Judge Jack R. Miller of the U.S. Court of Customs and Patent Appeals; and Judge James Harvey of the Eastern District of Michigan. A bill now before Congress would end the dual pensions for anyone joining the bench after the legislation is passed. check and cashed it for $695. No t rees were pruned. The first Williamson was Robert Logan Williamson, who came to the country from Scotland before the turn of the century. By 1914, he had established the gang on the East Coast. The gang was first reported in Washington State in 1923. Law officers say the gang has toured the Northwest almost every year for 53 years. The gang is now thought to include 250 members, about 120 of them active figures. Officers say it is hard to get an accurate tally, because if arrested, the Williamsons usually are charged with violating local ordinances. Usually, they pos? bad and leave, chalking up the lost money as the cost of doing busines. Family names are Williamson. Stewart. McMillan, McDonald, Gregg and Johnstone. Law agencies say the Boswell Group are Williamson associates. Names they use include Wharton, Waller. Waldrop and Slender. One California Justice Department report indicates that each traveling group pays into a central gang fund. It said the gang has real estate holdings, including California holdings worth $5 ‘million and property in Texas valued at $10 million. Each of the purchases was made in cash. The report said that new generations of gang members, the offspring of intermarried ancestral Williamsons, take over operations as old members retire. Mid-Central Area Vocational School ELWeOD COMMUNITY SCHOOL CORPORATION ADULT EVENING CLASSES Serving Adults In The Area (;ENERAL INFORMATION Registration Dates:  ......................................September 7, 8,9th Time;.......’.....^......   6:30    p.m. to 9:00 p.m. each evening Place;......................................Mid-Central Area Vocational School 1st Semester Begins: ............................week    of September 13 continues for 8,12, or I5\veeks, depending upojcvjthe c,qiji;se. Cost;.......................................$3.00    per class for registration will be charged — plus an additional charge will be necessary for the books and supplies needed. Payment for registration is due at the time of registration. Class:.........................................A    class will be offered when ten or more persons enroll for the class. Certificates: ......................... ......Certificate will be issued to students upon completion of a course. Information:......................•......Additional information may be obtained at Mid-Central Area Vocational School or by contacting the school by phone at 552-9881. between the hours of 8:00 a m . and 4:00 p.m ( AR EER COUNSELING Counseling service will be available on a regular scheduled basis to all students enrolled in the Adult Evening School. Help will be provided in planning a program for high school diploma, apprenticeship training or college entrance. This will be available to those who are desirious of such information. The counseling service will be performed by a trained, qualified individual with industrial background. Job advancement and placement will be the desired end result of the service, along with a happier and fuller life. PLEASE CONTACT: Mr. Earl Watson, Vocational Counselor, at 552-9881 between thehoursof 8:00 a .m .-11:30a.m. and 6: 30 p.m .-9:30 p.m. Sh T/Pfow !8 / t /f^irDiGtint 2( ^    '    Fowl«rtoi rpsvlilJe I Curtlavilll Í i    I^ X I 1' '    Tr    ^    ^ X. I ' Alexandria 1    I    Aroma    .Fran^ton 28 Arcid ■ Ta Cicero/ ival haMilt nut Grove ^ / / I Sow / Cmirse Name ACADEMIC Suggested Day Time ' RoomCivics (Government) Tues. 6:30-9:30 103English Wed. 6:30-9:30 102Psychology Wed. 6:30-9:30 Science Wed. 6:30-9:30 Sociology Wed. 6:30-9:30 U S. History Tues. 6:30-9:30 103World History Thurs. 6:30-9:30 112Spanish I Thurs. 6:30-9:30 112Course Name BUSINESS Suggested Day Time RoomAccounting I Thurs. 6:30-9:30 106Accounting II Thurs. 6:30-9:30 106Data Processing Thurs. 6:30-9:30 104General Clerical Wed. 6:30-9:30 106Keypunch Wed. 6:30-9:30 104Office Machines . Wed 6:30-9:30 106Shorthand I Thurs 6:30-9:30 102Shorthand 11 Thurs. 6:30-9:30 102Typing I Tues. 6:30-9:30 106Typing II Tues. 6:30-9:30 lOiiCashiering Thurs, 6:30-9:30 1Economics Wed 6.••30-9:30 103 Course Name GENERAL INTEREST Suggested Day Time RoomAdvanced Photography Tues. 6:30-9:30 112Driver Training Saturday, A.M. 8:00-12:00 (This course is for adults and out of school youth only ! It is a 15 week course.)Knitting Tu^s. 6:30-9:30 111Macrame Thurs. 6:30-9:30 113Needlepoint Thurs. 6:30-9:30 113Crocheting Thurs. 6:30-9:30 113Course Name TRADE AND TECHNICAL Suggested Day Time RoomAdvanced Auto Body Mon. 6:30-9:30 117Bef^inning Auto Body Tues. 6; 30-9 .-^30 117Advanced Auto Mechanics Thurs. 6:30-9:30 116Beginning AutoMechanics Mon. 6:30-9:30 116Basic Electronics Mon. and Wed. 6:30-9:30 121Industrial Electricity Wed. 6:30-9:30 121RadioCircuits Tues. and Thurs. 6:30-9:30 121Printing Wed. 6:30-9:30 ■ 120Small Engine Repair Wed. 6:30-9:30 118Welding I Thurs. 6:30-9:30 118Welding II Thurs. 6:30-9:30 118Course \ a me Advanced Sewing Beginning Sewing HOME ECO.N’OMICS Suggested Day Tues. Wed. Time Room APFRE Course ,\ ame Blueprint Reading Drafting I Machine Tools I Machine Tools II Machine Tools III MachineToolá IV Human Relations & Safety Hydra ulics-Pneuma tics Metallurgy Numerical Control Precision Measurement Related Occupational Training Math I (Arithmetic) Math II (Algebra I) Math III ( Algebra II) Math IV (Geometry)    | Math (Geometry-Trig.) Metric Svstem NTK ESIIIP TRAINING Suggested I) Thurs. Thurs. Tues. and-or Th. Tues. and-or Th. Tues. and-or Th. Tues. and-or Th. Tues. and-or Th. Tues. and-or Th. Tues . and-or Th, Tues. and-or Th. Tues. and-or Th. Tues. and-or Th. Tues. Tues, Tues. Wed. Wed: Mon. 6:30-9:30 1136:30-9:30 113y Time Room6:30-9:30 1016:30-9:30 1016:30-9:30 MTD6:30-9:30 MTD6:30-9:30 MTD6:30-9:30 MTD6:30-9:30 MTD6:30-9:30 MTD6:30-9:30 MTD6:30-9:30 MTD6:30-9:30 MTD6:30-9:30 MTD6:30-9:30 1016:30-9:30 1016:30-9:30 1016:30-9:30 1016:30-9:30 1016:30-9:30 MTDthan an eighth gradeADULT BASIC EDUCATION Adult Basic Education is for out of school adults with h completion. Persons completing the level III Adult Basic Education should be prepared to take the General Educational Development Test (high school equivalency). The Adult Basic course will be offerd on Tuesday and Thursday evenings from 6:30-9:30 p.m. There is no charge for Adult Basic Education. Note: Persons interested in other course offerings should contact Mid-Central Area Vocational School. Additional courses will be organized upon request of 12 or more adults desiring specific courses. Specific course offerings requested by Business and Industry will be conducted either in school or in-plant as the needs require. Most of the courses offered may be taken for high school completion. POLICY— ELWOOD COMMUNITY SCHOOLS No student who is enrolled in a regular high school program at Elwood or any other school will be permitted to attend, except with special permission of their school principal. Adult Education classes for credit or non-credit. For a person to enroll in the Adult Education program, they must be sixteen years of age or older and must no longer be in school or must be persons who have dropped out of high school and are returning to complete training. I A a a R-aiTi^iMlirnríMl>É

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