OCR Text |
Show ROLLO-glyphics When was the last time you received a pay raise and received re-ceived a deduction in your chock? If you are a wage earner and you have received your first pay check for the 1973 year you hav0 gotten just that a pay raise but a reduction to 5.85 percent of your total earning earn-ing capacity. With the increase of course more money has been taken out of the "take home" pay check of employees supposedly for the purpose of providing additional Social Security benefits. That explains why the deductions de-ductions for Social Security is more at the beginning of 1973 than it was in 1972. But what about the pay increase that I've mentioned. That is being paid by the employer. Not only does the employees have to pay more for Social Security benefits, but so does the employer. As in the past employer must match the amount that is paid by the employee. As a result the employer not only takes more from the check but he also pays an equivalent increase in-crease into the Employees Social So-cial Security Fund. Whether or not you regard increased Social Security Benefits Ben-efits a raise or not the fact remains that the amount of money being paid by an employer em-ployer for his employee has risen as a result of the increase in-crease in the Social Security program. So when you look at your check, forget the amount, If you can, and just remember that you've gotten a raise. If you want to know what Is happening to that raise give your Social Security man a ring. You got the raise, Social Security got the money. Would you believe that problems increase In direct proportion to the degree of attention given them and the amount of money spent on them by the federal govern-; govern-; rnent. |