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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Sept. 2, 1954)
THURSDAY, SEPT. 2, 1954 HERALD AND NEWS, KLAMATH FALLS, OREGON PAGE THIRTEEN Social Security Manager Explains Changes In Law Editon Note: hls ft the first i it a series of articles describing hi new Social Security Act whir was signed by President Elsenhow er on September. 1. They jUl be written by Everett Eaton, the dis trict manager of the Klamath Fulls office of the United States Social Security Administration. By EVERETT EATON The 1954 amendments to the So cial Security Ast, which were signed into law by President El senhower on September 1, are of Interest to all residents of the Klamath Basin. Although you may be many years away Irom retire ment the changes In the law affect the protection you have tor your family in the event of your death. The principle changes in the law Include the 'following: 1. An Increase in the benefit rate foi all retired workers,, survivors of deceased workers, and most wives and children under 18 of re tired workers. 2. Provides compulsory coverage duality for coverage. Starting Jan uary 1, 1959, for farm owners and operators, architects, accountants, licensed engineers and funeral di rectors, with voluntary coverage for clergymen. 3. Those working on farms and ranches will find it much easier to qualify for coverage. Starting Jan uury 1, 1955, if you are paid cash wages of 1100 or more by a single farm operator during a year, all your earnings from, that farmer during the year are covered. Per sons working in a private home are covered by the program If they are paid cash wages of $50 or more during a calendar quarter by a single employer regardless of the number of days they work. 4. Incorporates a 4 or 5-year "drop-out" In computing your av erage monthly wage. This allows the Administration to disregard the 4 or 6 years In which you had low earnings or no earnings at all when figuring your benefit rate. In gen eral, this provision Is applicable lo persons first eligible for bens fits after August 31, 1954, and to survivors of persons dying after that date. 5. The "disability freeze" fea ture protects the benefit rate of a person who is totally disabled af ter having worked a considerable lengtU of time on a Job covered by social security. It does not, however, provide for disability pay ments, or retirement benefits un til the worker becomes 65. 6. A change in the retirement test, effective January I, 1955, will allow a person who Is teadlly em ployed to earn wages of S1200, or have net self-employment Income of $1300 in a calendar year and still receive 13 benefit checks for the year. However, the $75 a month limitation on earning continues in effect until January 1, 1955. 7. Widows with children under age 18 and widows 6o or older who are survivors of workers who died between July 1, 1940 and Sep tember 1, J950, but who were not fully Insured when they died may now entitled to monthly benefits if the deceased bad at least six quarters of coverage. 8. The amount of wages or net self-employment Income subject to the social security tax increases from $3600 to $4200 per year. ef fective January 1, 1955. , Aritcles to follow will discuss each item in detail. New Storm Moves Away Frpm Coast WASHINGTON W Hurricane Dolly picked up a Utile speed early today and . headed toward the southeast tip of Newfoundland, well ' away Irom New England, which still is cleaning up after re ceiving the full force of Hurricane Carol. - The Weather Bureau's 5 a.m., EST, report on the fourth hurri cane of the season said it was about 485 miles east of Atlantic City, N.J., and moving northeast ward about 35 to 40 miles an hour. , A Weather Bureau observer said continued movement in a north' easterly direction would take it in to the Grand Banks. He said trans atlantic shipping was in for trouble. ' Ike Lauds New Social Bill FRASER, Colo. W President Eisenhower signed into law yes terday legislation expanding sooial security coverage to 10 million ad ditional Americans and liberalizing other benefits. He hailed the measure as "one of the cornerstones to build a bet ter and stronger America" and out lined four important provisions: 1. It raises payments to all re tired workers by at least $5 a month. It raises the ceiling of pay ments by $13.50 a month for re tired workers and by $31.35 a month for families. 3. It eliminates the four or five I . "" ifm'i cmfy. tut v HOPS IN QUALITY!! Coming- Soon! Volghts' 20th Anniversary Sale the home of fine gifts name brands, 29 Main. i emu HEAVIER CATSUP WITH REAL CHILI PEPPERS LOW IN PRICE j ness' Mh CAP! THI CATSUP WITH A KICK I EXTRA PROTECTION for your HOME CANNING A POMf J I ENAMEL LINING JW guards against corrosion Mf "Fnu-lo-Twl" DOME down,Jar staled! v CAN WITH CONFIDINCI-CAM WITH (All IIOTHEIS COMPANY lnwpraH4 Wll Cl 0i4 El Moult, Col Cottage Cheese Ballard Biscuits Johnson's Wax Kraft PT. "Glo-Coot" Self Polishinq 1 ntC Reg. 5c 39' 15 CAN 10 $ 1 Fresh Brown Ranch Eggs 2 -85c Large "A A" 2 doi. 99c White or Brown Bread Lr9e vAAb- of 25c Large site, Medford Elberta Peaches F"c""t 10c Brooms "r 89c School Notebooks-- 325 Blue Jean Reg. 59c Work Gloves 3 . $1 1st Birthday of a Klamath Manufacturer! "Pure-Pak" Franks 5p ""' . - 29c "Pure Pok" Lunch Meat' 35c Fresh Dressed - , Hens 25c Fresh Dressed Turkeys 49c Sliced Bacon - 45c Ground Beef Beef Roasts 25c 25c "Town Topic" Flannels Shirts one Beautiful pastel colors in fjt&v "Winter King" Flannel Shirts the new fall shades. All sizes Colors Galore! 249 WORK SOCKS tr 4 w 1 Mallory's W Market Mcrrill-Laktvlew Junction u Store No. 2 at 3801 Altamont Drive I - lowest years of earnings from thf compulation of checks for workers who retire Hi the future. "This pro vision is of great Importance to many people whose, years - of un usually low earnings . -. . would sharply reduce, tfieir benefits," the President said. ' 3. Retired workers may earn up to $1,200 a year without forfeiting checks, thus raising the ceiling on retired earnings. The annual ex emption applies equally to wage earners and ' self .- employed workers. 4. The act preserves the. benefits rights, under old age and survl- Shasta Mill Sale Negotiated REDDINO, Calif. MV The U. S. Plywood Corp. hopes to buy one ot Northern 'California's major lumber operations, the Shasta Box Co. The Shasta Division of the ply wood corporation announced its in tent here Wednesday, but officials of both firms said no agreement has been reached. vors Insurance of those workers regularly covered under the pro gram who became totally disabled for long and indefinite periods. USAF Tests New Air Transport HAGERSTOWN, Md. W Pair child Aircraft bas announced that Its first production model of the new U.S. Air Force assault trans port C12;b Avitruc made its initial test flight yesterday. SEPARATED MANILA UWThe Philippines Cabinet has decided to deport to Formosa 'an estimated 3,000' Chi nese nationals who have over stayed their visas. It denied a pe tition of the Chinese Chamber of Commerce to consider them as refugees from communism. This plane Is designed to carry a heavy load of troops, weapons and material on assault landings into hastily prepared or unsurfaced uirfields. Its two-hour flight was described as "entricly satisfactory.:' SiAf if tning 3 POUND TIN Marshmallows Campfire . Mb. pkg. Instant Coffee "c"" l" ..... 1 35c Graham Crackers Sunshine 2-ltf. box 59c KP LUNCHEON $1100 MEAT 12-oi.tins 3 For II Krispy Crackers Mb. box 25c COTTAGE CHEESE CRATER LAKE Pt.Ctn- IS' Sunbelt Blended Juice Pineapple Juice Pineapple Chunks Hunts Apricots . 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Lugs 1 59 VELVEETA CHEESE 2-lb.loaf SURPRISE BUTTER lb.? SURPRISE MARGARINE 3-ib. 3 For I SURPRISE Pork and Beans Von Camp . 303 tin 7 SURPRISE EGGS "A A" Grade Fresh Ranch Doz. 3 SURPRISE SUGAR Pure Cane 10 lbs. ? Blue Bell Potato Chips Rcq. 39c Pkg. OPEN LABOR DAY -10 to 7 7 Xn I 9th and Pine We reserve the right to Limit Liquid Starch STA-FLO Vi Gal. : I
