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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Oct. 7, 1956)
PACE FOITRTEEN HERALD AND NEWS, KLAMATH FALLS. OREGON SUNDAY. OCTOBER 7, 1956 MOkklSON AND HOWARli a x cm re erf THE KLAMATH FALLS KIWANIS CLUB'S long history ng history or community service is reaching a new peak with the devel opment of the Kiwanis Park and recreation area adjacent to Kit Carson Way at the north entrance to the city. The eight-acre tract extends from Portland Street north to Painter Street, joining the grassed area at Manianita. The park will parallel Oregon State Highway 97. Work on the $22,000 project was stepped up this week with installation of underground pipe for the watering system. Previously . the local club has sponsored a dental program for children, a milk distribution proqram and other welfare work.. This plan was dropped in favor of the building of Kiwanis Park in the Mills Addition which was completed in I9S4 and sponsorship of the Klamath County 4-H potato project. In September of last year, the club voted to buy the site for the new park. Plans call for two baseball diamonds, six tennis courts, hand ball courts, . a wading pool, large playground space with slides, rides, swings and other play equipment, rest rooms and other facilities. A high fence will provide protection for children using the park. There will not be lighting for night events. The city park board is ' assisting with development. Morrison and Howard, Klamath Falls architects, drew the park plans. Don Sloan is chair man of the park committee; Frank Drew is, director in charge. Stanley Miller is club president. A five year ter mination is set for the work. Social Security Rulings Explained By SS Manager By WILRER W. WOMER Manager of (he Klamath Falls Social Security Office Today, I'm addressing my dis cussion of the new social security law to women to wives of retired Insured workers, to widows of de ceased insured workers, to wom en workers who are in employ ment or self-employment that counts toward old-age and survi vors insurance benefits, and to those dependent mothers who might become eligible for survi vors payments If an insured son or daughter should die. Heretofore there has been uniform age at which benefit pay ments could start for all benefici aries other than children and wives or widows Willi children in their care. That age was 65; it remains 65 for male beneficiaries. The 1056 amendments to the law, however, lower the age at which women can receive benefits. Be ginning with November of this year women can start getting pay ments at age 62. Wives of retired workers and re tired working women can, if they choose, start getting benefit pay ments at age 62. However, the monthly benefit amount payable to them will be somewhat less than the amounts of the benefits they would have received had they waited until age 65. In case a wife or an insured working woman elects to start gcttinii benefits be fore age 65. she will continue tol receive a reduced amount after she reaches that age. The longer a woman waits after reaching age 62 and before age 65 to start get ting payments, the less reduc tion in the amount of the mnnlhlv benefit. As I have said above, how ever, once she starts gelling monthly payments at a reduced rate, she cannot later qualify for urn imi amount. nine me example or a woman who has been employed in work covered by social security long enough lo become insured. Assume that her full innnlhlv lwn. efit amount, based on her aver age earnings in covered work, (. ii she wails until she reaches age 65 to retire, she will get that lull amount cverv month from then on. But she will reach 62 in November l!6. If she de cides to retire then, she can get oia-agc payments starling wiih November. The amount she will receive will be 80 per rent nf th monthly amount she would receive Nation's Economy Moves At Top Speed With Price Boosts On Some Items By WALTER BREEDE JR. i insatiable appetite of luxury-Iov-, once she starts getting reduced payments, she will not be able to qualify later for the full payment. The above example applies also to the wife of a retired insured worker receiving benefits. In her case, however, the amount of the monthly benefit she would get, if she chose to claim payments at age 62, would be 75 per cent of what she would get if she waited until she reached age 65 As in the case of the woman Worker, the wife's monthly pay. ments will be a little larger each month she defers claiming bene fits after her 62nd birthday and before she reaches 65. However, if her retired insured husband should die at any time after she has begun to receive her reduced benefits she will begin receiving full windows benefits plus the lump - sum death payment. Now that the starting age for women beneficiaries is 62 instead of 65, less time in work covered by social security may be re quired in some cases for a woman worker to become insured. Gener-, ally, the required time is one half the time elapsing after 1950 up to the time she reaches age 62 instead of age 65, with a mini mum of at least one and a half years of covered work. Under the amended law, a person who works continuously after 1955 can become insured with - fewer quarters of coverage. I mentioned Insured status for women workers because it is im portant not only to those now 62 or nearing that age, but also to certain survivors (dependent chil dren, widowers, or parents) of some women workers who reached age 65 or died after June 30, 1954. without having enough covered work to be insured under the old law. If they had enough work to be insured under the amended law, they or their survivors may he alile to qualify for benefit pay ments. Today, I've explained how age 62 has become important to wom en under the new socinl security law. in my next article I II tell why age 50 Is of great significance lo many now disabled workers for merly in employment or self-employment that counts towards old age and survivors insurance benefits. ........, .,. ., , u,u receive' you 24 hours a if she waited until she reached tajfied Ad. Whnt'i A salesman that's on the Job for )ou nours a day. Is a Class!- inis will he Jitf-to monthly In stead of $78 per month. It she wans limn she is to st art get ting retirement payments, her benefit amount will be Stw.N) monthly. Kvery year, and every month within a year in which she puts off receiving retirement ben efits up to age 65, will increase her benefit amount slightly. I want to point out ngain, however, that s more he works every day in the year to sell what you nave to olfer. Dial TU 4-8111. New and Rebuilt ELECTROLUX (R) AmfHea'i nr Yoa Al.rs HKRVtCt Call TU I-11HT TARKEL TWEET tut Whit it IT COSTS LESS THAN YOU THINK- To Shop ot Korenians! We have such distincitve ond expensive lookinq gift items, you will be pleasantly surprised at the low price taas vou find on them! COME IN AND LOOK - EVEN IF YOU DON'T BUY NOW- You will enjoy seeinq the many beautiful and un usuol items on displov. 413 Main KORENIANS IMPORTER Phone TU 4-5316 NEW YORK Ifll The fast pace ot the nation's economy posed new problems for consumers and busi nessmen this week. Consumers faced up to a new round of price increases on items ranging from sheets, paints, pill owcases and paper bags to record albums, sugar, shirts and coal. For businessmen, the economy's surging speed promised higher operating costs and further short ages ot manpower, materials and credit. The pinch on credit was as tight as ever. It rellected the needs of a dynamic economy for new plant and new equipment that would cost a whopping 35 billion dollars this year and an even greater sum in 1957. The credit squeeze was augmented, too, by the bil linns upon billions being spent on public works schools, parks, waterworks and highways. Adding to the pinch was the ing U. S. consumers for gadgets and gimmicks that could be bought "on time." In August, con sumers added 324 million dollars to their easy payment debt, lift ing their total instalment indebt edness to a new high of nearly 294 billions. Coal led the parade of price boosts this week. It was the steel Suicide Attempt Foiled By Talk SAN FRANCISCO (UP)-A fast- talking maintenance man on the (inlden Gate Bridge talked a man out of jumping from the span Friday after the would-be suicide had already climbed the guard rail. Ken Chojnacki, the bridge work er, said he saw Lloyd Gray, 39-year-old Alameda sign painter, nark his car in the middle of the bridge and climb onto the rail. With some fast talking, Chojnacki said he was able to persuade Gray to climb down. Chojnacki summoned a highway patrolman who took Gray to a hos pital for observation. Gray told police he was having domestic troubles and had been drinking. I got so drunk that I lost my nerve, he said. Teen-agers Jump Women, Group After Ball Game CHICAGO m A rioting band of teen-agers assaulted three young women and two men Fri day after a high school football game. Police said the 200 rioters were students or rooters from Crane Technical High School. Their team had just been defeated, 47-0, by Austin. Two of the women, both office secretaries returning from work, were attacked and threatened with knives on a bus near the football stadium. The three others, a pair of jun ior college students and a Cook County deputy sheriff, were hurt a melee outside the stadium All five suffered -minor injuries Police arrested a few of the rioters. They said the assault vic tims will be taken to Crane Mon day to see if they can single out their assailants. story all over again first a new wage contract and then the inevitable price increases. Less than a day after pact was signed, Applachian Coals Inc. hiked its prices by amounts ranging from 35 to 50 cents a ton. Other major suppliers of bituminous coal were expected to follow suit quickly. There was no doubt' about the vigor of the economy's forward WORLD TOUR TOKYO Ifl Allen W. Dulles director of the U. S. Central In telligence Agency, arrived here Saturday from Taipei and Okina wa. The II. S. Embassy said he would visit Korea and Japan and leave for the states Wednesday, Dulles has been on a two-month world tour. Ml rivOTE FOR i T 1 ' 1 yCVjf 1 HONEST drive this week. The steel indus-! try was scheduled to operate at 101.4 per cent of capacity after setting an all-time production rec ord the week before. Construction spending and national employ ment scored new September highs 66,071.000 Americans had jobs, a gain of 1,300,000 from Septem ber last year. Farm exports were booming. Not everyone was happy. Homei builders said scarcity of mort-j gage funds would reduce 1957 home starts to 800.000. That would compare with 1,300,000 in 1955 and an estimated 1,100,000 this year. Oil industry leaders begged re-, finers to throttle down their out put of gasoline. Wall Street analysts were skep tical about the sudden rise this week in stock prices. Stocks are less in demand with big investors, they said, because of the higher yields available from bonds. Consensus in the financial com munity was that the tight money situation, and prevailing high in terest rates, would have to be accepted as one of the basic facts of economic life at least for the foreseeable future. "Don't worry, Madame, he gets his clothes dry cleaned by Cascade Cleaners!" Unsightly spots and stains are no problem when our experts go to work on them! We save you costly replacements . , . always return your clothes looking as fresh and clean as the day you bought them! Try us and see! Phone TU 4-511 1. CASCADE Laundry and Dry Cleaners Klampth't Finest Opp. Post Office r: ! ' -0 fluO" A ."If AN EXCITING EVENING WARD WEEK THE GREATEST SALE OF THE YEAR I BUY ANY OF THE WARD WEEK VALUES ON THIS BIG NIGHT You are invited! Preview of Ward Week Monday Night -7:00 to 9:00 P.M. Lucky Numbers Night It'll be "Lucky Numbers Night" Throughout the store you will find merchondise with lucky numbers attached. You will be qiven a number a the door and should your number molch the lucky number on the merchandise this item will be yours absolutely FREE. There will be lucky numbers in every department merchandise of real value to you, so come in to Wards Monday niqht. Join us in this goto prevue of Ward Week. STORE WILL BE OPEN FOR SHOPPING TOMORROW NIGHT 7 p.m. to 9 p.m. Wards greatest sale of the season "WARD WEEK" starts Tuesday, Oct. 9th 12 Big Selling Days . . . When all America Shops and Saves. ' " Phone TU 4-3188 I'C
