Pension Inequity Prompts Alarm Over Public Private Pensions
A study highlights stark gaps between private industry pensions and public sector retirement benefits. A New York City police officer, John K., will retire at 47 with $5,750 a year, while private sector worker Tom W. gets $2,800 after 30 years. Public pensions are shown as on average more than twice private plans, fueling budget strains in cities like Baltimore with a $30.7 million annual pension bill and rising costs projected to 1981. The piece calls for equity as many private workers lack secure, portable pensions and notes broader fiscal and political pressures behind generous public plans.
MENTIONED IN THIS ARTICLE
Tom W
John K
New York City
John
Tom
United States
New York State
Nelson A. Rockefeller
General Assembly
Water Department
Washington
National Bureau of Economics Research Bureau
Maryland
Baltimore
Baltimore City
City Hall
New York
America
Congress
John G
Orioles
Legislative Council revamps to cut costs and extend oversight
The new system reallocates salaries to 11 000 and limits daily reimbursements to 25, while preserving year round committees under a 30 member Council. It aims for continuity from session to session and adds program analysis of past legislation, with pre filed bills reviewed as work proceeds. Senator Frederick C. Malkus Jr. reacted strongly to the changes.
MENTIONED IN THIS ARTICLE
Legislative Council
General Assembly
House
Thomas Hunter Lowe
Council
Assembly
Eastern Shore
Frederick C. Malkus Jr
Long Hair Debate and State Council Reforms
Letters and officials discuss long hair by youths and the political chess around the Legislative Council. Governor Mandel proposes salary reforms, agency revamps, tax caps, and a new agriculture cabinet while committees reshape state government. Public hearings and building security updates accompany ongoing legislative activity in Annapolis.
Banks Change Hands In Frederick County
On June 12 1921 negotiations completed with Central Trust Company of Maryland Frederick taking over Citizens Savings Bank Thurmont and Emmitsburg Savings Bank. Plan approved years ago had these two counties operated as stations of the Frederick bank. Sheriff Wertenbaker seeks a man who ran away with carnival receipts from Woodsboro street exhibition. King and Verecker likely opposing hurlers at Agricultural Park as Champs face Hustlers in Blue Ridge League clash. In 1951 floods close Monocacy bridges Urbana Buckeystown road and Potomac cabin owners remove belongings. Alumni dance at Braddock Heights pavilion draws 500 Frederick High alumni. Ray Anthony orchestra played.
MENTIONED IN THIS ARTICLE
Central Trust Company of
Maryland
Frederick
Citizens Savings Bank
Thurmont
Emmitsburg Savings Bank
Central Trust
Frederick Bank
William Oo. Wertenbaker
Woodsboro
King
Verecker
Agricultural Park
Champs
Cross
Buck” Ramsey
Monocacy River
Urbana- Buckeystown
Potomac
Frederick High School
Alumni Association
Braddock Heights Pavilion
Ray Anthony
Notable Notebook Passages and Wedding Dedication Fragment
A notebook excerpt blends a vow of mutual effort in marriage with a granddaughter’s wedding notice in Rockville at St Jude’s Catholic Church. It contrasts marital ideals with a motivational poem about perseverance and work, ending with a snippet labeled Newspaper Enterprise Association and a curiously garbled closing line.
MENTIONED IN THIS ARTICLE
Mary Joan Eisenhauer
David R. Sponseller
U.S. Army
Germany
St. Jude’s Catholic Church
Rockville
Also Mentioned on This Page
Frederick, Maryland
Ninwera Prraichive
Internal Revenue Service
IRS
Lockheed
Vance Hartke
Lockheed Aircraft Corp
Gene Garcia
New Mexico
Val Hymes
William S. James
del. Lowe
Mandel
James
Lowe
Natural Resources Department
del. C. Clifton Wirts
Frederick County
National Observer
Norman
Cramer
Ridge Road
Senate
Carl N. Everstine
Dept. of Licensing and Regulation
Thomas J. Hatem
Johns Hopkins
White House
Dept
State House
Treasury
Annapolis
Big Brother
Bers
NEA, Inc
Potomac Synod
The
Evangelical and Reformed Church
Brodbeck Hall
Hood College
Joe Eisenhauer
Newspaper Enterprise Assn
Hhurive
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