OCR Text |
Show 'frnainii. Sun Chronicle Thursday, July 8, 1976 Page Social secyrity lias problems in employe and employer Withdrawal from the allow a social security taxes could be system would aved lor each public cm governmental unit and their dation study, the option ol ploye or teac.her who with employes to escape this long canceling social security drawn Irom the system. The term obligation. Thus, many units coverage is unique to state report points out that all or oi the governmental and local governments, for part ol these lundx could be which pulled out of Social most employed and sell Used to set up a supplemental have found that by American employed ystem to replace ocial darting Irom cratch they have been able to establish working in the private sodor, security coverage A y stems that w ill out perlorni lor attraction payment of Federal social major withdrawal, according to the Social Security on a cost security taxes is mandatory. nder Federal law, however, foundation study, is that the benefit basis. state and local units may Federal social security Foundation analysts, warn, withdraw Irom the program system has accumulated in however, that there may be some drawbacks to employes by declaring their intent to do actuarial deficit o! between o at least two years in ad who withdraw irom Social $2.5 and $3 trillion over the For example, vancc. past 40 years. This is the Security. between the benelits under any new Currently, every employe dillerence pas up to $895 per year in present value ol benefits system may not be tax 'Ocial security laves. This ocial security has promised exempt; retirees may not medicare sum is matched by the cm to current workers, and the receive free and work ol amounts all scheduled These insurance; unit. value hospital ploying present are scheduled to rise in the luture taxes that it expects to credits may not be as readily ears ahead. Thus, over the collect Irom current workers transferable as are Social Securitv credits. As a result. next live years, up to $lii,9(iu and their employes. oi rapidlx nimi ami unccrtainhc i l!n regarding the s stall). mans govei nmental tlu tut mu are aero;-iim( ot t hr lederal out dropping employ es and public ollicials in tlu- months ahead According to the i'OnI - social Serimh propram I tali This was reported l I'oimdal ion. the private research organization in a lud ot social eeurih and pulilic employes. The I'oundation analysi-showthat 138 cities, coun ties, and other jurisdiction-liav- e given up their mem bership in social security during the past two years. In another addition. units, governmental in ork City, have tiled notice ot their intent to lollow suit. In tah, the question ot dropping out ot Social Security will be carelully reviewed ly public eluding New I manage your money to make every penny count? You can learn how to do it. the Foundation report suggests that the pros and cons oi withdrawal should he carelully examined before any hnal decision is made. At the present time there an:U4 state and local governmental units m I tah that are covered l.y the federal social security law hose units currently employ about 8(1, (kki individuals, and octal security taxes paid by these units and their cm. 71 ployes amount to alxrnt million a year. The t tah Foundation study emphasi os that the option ol pulling out ol Social Security altords these state and local units along with their employes a possible opportunity for avings that is not provided to those who are employed in the private sector ol the . .Mi" Did you ever want to know how to We're the Consumer Information ! free fVv Center of the government. And our lists brochures, 200 vv booklets, over catalog and publications that tell you how to do a ,, lot of different things. You'll find brochures about growing vegetables in tiny gardens. About food and nutrition. Home repairs, health and recreation. ; Even about buying a used car. j Free catalog. ' that T) How to get the catalog them all? Just write Consumer lists Id Y Information Center, Pueblo, Colorado 81009. Consumer General information Service Adm.mslration Cente- econorm a Driving course P7p?aaD planned ppeDmujoaDtras? You can lessen the possibility of becoming a traffic victim by enrolling in Defensive the Driving Course which begins in local cities soon. Classes will begin July 10 at Roy in the Roy City Court at 9 a.m. and the same day at the Weber County Health Building Auditorium in Ogden at 9 a.m. A class will also begin Monday, July 12 in the Health Weber County Building Auditorium at 6:30 p.m. Learn the evasive actions necessary to avoid a traffic accident. For further information and enrollment, call the Utah Safety Council, or Luke Blakely, Driver License Ogden Division, 533-585- 399-337- Woman honored at work oi Twenty live, shears lederal service has come to a close for a Boy resident who has retired at Ihll Air Force Base. She is Mrs. Juanita It electronic an llohbs. mechanic. Mrs. Hobbs, who began her career as a truck driver, is married and she and her husband Melvin have a daughter. Mrs. llohbs is a daughter ot Mrs. Benjamin U. Patterson ol Cave June lion. Oregon. Mr. Hobbs is a son ol Mr. and Mrs. Denzel Hobbs ol Ontario. Calit. ilill FE3 t SOTDD3Q? GET HIGHEST INTEREST on insured savings. Where you save does make a difference. Be sure you have a savings account at Ogden First Federal Savings, where you get high earnings with safety insured to $40,000. Interest compounded daily, paid or credited quarterly. Woman serves i !' hr i.mg' .iirdiii ... .I 27 ' - '.7'i i i ,ll .1 held u r. II. II. adqiialler-- i o; the Crigade in. i r b .Ihilion e. Arm i I'.let'i 'd I hi t iiii-... . iiu . i tii i ompleli d I' t r at i n n t i i . .1 PFC. ,n ,. he ttr.i. You qualify for one free gift or one special purchase with your first deposit in the minimum amounts shown in the chart. Offer good while supply lasts. One free gift per customer, please. O0 per on savings certificates, $1,000 minimum, 6 years. (Federal regulations require a substantial interest penalty for early withdrawal on certificates.) I avi tee mint Free doorside parking I1 that concern an 2020 West 5700 South 773-69- 1 Free doorside parking an encourage the FIRST ROY OFFICE OGDEN OFFICE address: 2425 Washington Boulevard 0 New Telephone: Park free in the Park & Shop parking lot on Kiesel Avenue and come in our West entrance. New 621-010- I I nrw OGDEN Book guide The 197. all chedules lor Delude . vent and other inlormalion mini daily from of deposit. day to .innum (Annual y eicJ BRIGHAM CITY OFFICE 734-945- 4 101 South Main an. one u ho wants an edition i hi ear's lair book to 7 ''.Ml e l, J9 or 81.7 l!l, phone ,. t ' he e books W ill be sent through the mail upon cacti i annum 7 lid w,.s last Jackson. Willard is a 1973 ii Ian Hi:'1, school available toque Per up ,1 Fair book i. mm it appliances are always welcome. And now theyre more practical than ever. Come in and see the complete display, and make your selection. '0 compounded a m , . d I, ie'. i, lent . I ii .rni. in m il pin. ill i ill. Mr .iiul !i '' .1 - id. . o U . i U ill. w ,. .sailed Oil M.l to the 7th Engineer i i ate First ml "i I i in-- K.ii1 1. i on passbook accounts, 5 gift... or for yourself these GE and other electric As a lavi . 1 FEDER4L SWINGS and Loan Association i 13 |