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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 26, 1974, Lethbridge, Alberta Thursday, September 20, 1974 THE LETHBRIDGE HERALD 11 Reform, inflation big problems Pension plans industry headache TORONTO (CP) Pensio- ners, who make up about eight per cent of the Canadian popu- lation, are largely unorganiz- ed and unrepresented, but are increasingly giving the shivers to private industry. Reform and inflation are haunting those persons who di- rect and administer the billion of private pension funds in Canada. "It's just plain not says Eric Winkler, chairman of the Ontario government's management board of cabinet, the committee that makes recommendations to Premier William Davis. Mr Winkler recently received a little-publicized study suggesting ways of com- pensating pensioners for inflation. It deals with pension plans for civil servants which more and more are being indexed so that benefits increase according to the in- flation rate. The study also considers what the impact might be on private .pension plans, which are starting to come under pressure from unions and others to compensate for the cost of living. Mr. Winkler says the recommendations in the study will not be released for some time because of the cost of paying pension benefits based on the unpredictable course of inflation. To ask employers to commit themselves to compensate pensions for inflation would be asking them to write "a huge blank says Laurence Coward, executive vice- president of a pension consul- tant firm, William M. Mercer Ltd. The consequences in terms of cost for private industry might be staggering but balanced against that is the comment of J. Wells Bentley, superintendent of pensions for Ontario, that "pensioners are the most helpless group in society." "Look, when a person is forced out of the labor force for whatever reason, you either shoot him or you look alter him. And I don't think we want to shoot anybody." He says companies are slowly and sometimes mea-gerly beginning to acknowledge the effects of inflation on pensioners. More often they are doing this with ad hoc adjustments, sometimes out of general payroll, sometimes by paying out higher benefits. Employers can provide in- creased benefits according to cost-of-living increases but this leaves the employer open to the possibility of "a hefty increase in his Mr. Bentley says. Private pension plans usual- ly come entirely within the do- main of the employer. The employer designs investment policy and appoints trustees to administer the funds. V P UPHOLSTERY 2724 2 Ave. North Phone 328-1002 or 328-8411 OPENING SPECIAL 5 DAYS ONLY 2 PCE. SUITE Labour I Material Extra 3 PCE. SECTIONAL Labour I w Material Extra ROCKER RECLINERS Labour W W Same Reasonable Prices for other articles Material Extra Antique Specialist, Tuffting Specialist 10 Years Experience from England. Refinishing Custom Work. All Work Guaranteed. Quality Perfection our Aim. OFFER LASTS SEPT. 26 TO OCT. 2 Elegant Ready-Made Drapery Add a touch of elegance to any room decor with our exclusive high-pile flocked Fibreglas (Glass) drapery. Rich colours accent the floral and filigree scroll design. Hand washable; hooks included. Available in colours of Gold, Avocado, Red, White, Black, Blue, and Brown. Pair 38.96 Pair 50.46 Pair 74.96 RCWLS1QK6 48" to 84" 66" to 120" 84" to 156" 156" to 220" Finest Quality Drapery Hardware This fine quality smooth performing traverse rod has double stenglh brackets, ball bearing pulley wheels, sculptured design, and colour-matched carriers. Installs easily on wall or ceiling Adjustable. 7.26 each pulley 9.26 each pulley each tension pulley 12.26 each tension pulley Fine Bedspreads At Outstanding Prices Now is your chance to choose from a varied selection of bedspreads in plains or patterns, unquilted, ruffled, and throw styles. Twin and Double sizes. Each LETHBRIDGE TRANSIT MIX 12th Street 2nd Avenue North Call: E. H. Buck 327-7262 Equipped to serve all parts of the industry, summer and winter. Maximum Quality Control. Prompt Delivery. No job too large or too small. Efficient and Courteous Service. Beautiful Custom-Made Sheers Sheer luxury! Made-to-measure sheers are woven in France from light, strong, easy-care Pleinjour (100% Polyester) for lasting freshness and beauty that will never fade, stretch, sag, or shrink. Choose from 4 styles in a galaxy of colours. All 4 high-fashion designs are fully washable and complete with hooks. (Custom Special a) 100% Pleinjour (Polyester) 11" Cornelly hem. 9 solid colours Lengths 72" x Choice of fullness. 2 Fullness 8.46 pinch pleated foot Fullness 9.96 pinch pleated foot 3 Fullness 1 .96 pinch pleated foot Multi-coloured stripes. 6' hem double fullness Pinch pleat widths 30" x 144" Lengths from 63" to Colours of Gold. Blue and Red. Priced according to size required. (Custom Special Order) o.g. 72-xM- pair 39.96 144" X 95" palr 86.96 c) 100% Pleinjour 8 solid colours in textured boucle Plain 8" hem. Lengths 54" x Choice of fullness 2 Fullness 9.96 pinch pleated foot Fullness 12.46 Pinch pleated foot 3 Fullness 14.46 pinch pleated foot c) 100% Pleinjour (Polyester) Plain hem. 10 solid colours Lengths 72" x 100" Choice of fullness. 2 Fullness Fullness 3 Fullness 6.96 8.46 9.96 pinch pleated foot pinch pleated foot pinch pleated foot Heritage Throws Throws that are ideal for chairs, sectionals, hide-a-beds, twin beds or extra large sofas. With a laminated foam backing that can't slip. They are machine washable and tumble dry, requiring little or no ironing. each 10.56 each 14.96 each 19.96 each 22.96 Carnival Throws Foam backed throws that are machine washable and dryable. Little ironing required. Ideal for chairs, sofas, beds, etc. Treated with Scotchgard to repell stains and spills. each 8.96 each 12.96 each 16.96 each 18.96 Elegant Pillows for Lounge Comfort Budget Plan An outstanding value in today's Gingham look! Cushion is 50% Polyester and 50% Cotton in textured seersucker. Corded edge and Kapok fill. Gold, Pink and Blue colours. 15" square. 5 46 EACH Crushed Velvet Cushion The luxurious look of Crushed Velvet is yours at a low, low price! Cushion as accented by centre button and Gold coloured tassels. Kapok fill. 13" square. Gold, Orange, Moss and Red colours. 3 86 EACH Shopping Man 2025 Mayor DEPARTMENT STORES I ,M 1' J1, A <'i A -i'- Opan Daffy 9am to fpm Tliwaday end Friday am to p.m. SMfsncnm GUMNTKD ;