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Show 1 xt U USD AT Farmer Retirement Plan Suggested BERKELEY, CALIF Farmers, non-participants in current social security benefits, may soon come under the terms of a retirement system of their own if the proposal propos-al of Dr. Murray R. Benedict of the University of California is adopted. Dr. Benedict, professor of agricultural ag-ricultural economics at the California Cali-fornia institution, maintains that the plan he proposes is workable and that it would provide welcome wel-come security to American farm people who are not included in social security legislation. The report re-port prepared by Dr. Benedict covering the operations of his program was recently published by the National Planning Association. Associ-ation. Provisions of the plan would bring farmers in the low-income groups into the system on an assumed as-sumed net income of $400 per year, with each farmer in this bracket making a yearly contribution contrib-ution of $8, graduated according to total income. Part time farmers farm-ers would pay on the same basis the credits being added to the deductions de-ductions made from the compensation compen-sation received in other employment. employ-ment. The plan calls for the use of stamp-book or pay-roll reporting forms for farm wage workers, similiar to those used in non- farm accounting proceedure and taking into consideration the seasonal character of the work. The farm retirement plan is fashioned after the national social soc-ial security system and would provide retirement pay for farmers farm-ers and farm workers at a stipulated stipu-lated age. |