August 7, 1974 (8 pages)

Ser: ig the communities of Nevada City, Grass Valley, ied Dog, Town Talk, Glenbrook. Little York, ihe’ jae Flat. Senittiainl Al : San Juan, North Bloomfield, Humbug, Relief Hill, Washington, Blue Tent, LaBarr Meadows, Cedar Ridge, Union Hill, Peardale, Summit rte Hill, Liberty Hill, Sailor Flat, Lake City, Selby Flat, Grizzly Hill, Gotd Flat, Soggsville, G > Willow Valley, Newtown, Indian Flat, Bridgeport, Birchville, Moore's. Flat, Orleans Flat, Remington Hill, Anthony Housé;, Delirium Tremens. VOLUME 49 a ane Enough funds? ae ; It’s nice work.,.if you can get t! : Did you know that Horacio Rivero, 64, is our Ambassador to Spain and receives a salary of $36,000 per year PLUS a yearly pension of $17,000 as a retired Navy admiral? Or that retired Brig. Gen. Andrew P. Rollins Jr., is now with the Department of the Interior and overseeing the construction of the Alaska oil pipe-lines..and pulling down a salary of $36,000 PLUS a pension of $14,000? Those are just two examples of “‘double dipping”’ or “having your cake and eating it too.” But compare them, if you will, ‘to the following figures for a man from the “everyday working world”’ who retires at 65 on Social Security..he’ll get either a minimum of $93.50 per. month or a maximum of $305 per month, or something “in between” depending on his line of work. If you have a masochistic desire to learn more about such matters..do visit your favorite news stand and purchase a copy of “U.S. News and World Report” dated July 15..it will cost the best 60 cents you’ve spent in a long time if an education about the basics of retirement life means anything to you. Employers, especially, should read (and weep over) the article starting on page 26 entitled “Social Security Promising Too Much To Too Many.” If only one half of the article comes anywhere near hitting home it will-be well worth the time it takes to read it. And..to put a really-‘doleful face on the " matter..this article may make you think in terms of developing a taste for canned dog food..you may need it before awfully long _ if the present rate of inflation persists! According to this very special report the problem with Social Security is “in a nutshell: Social Security is growing at such an explosive rate that, as things stand now, there won’t be enough money collected in the future to pay off all the benefits people have been promised. Lately, Cc. ~ss has liberalized benefits sb rapidly thot all the fat has be: wrung out of the trust funds set up to provide resources to help finance the And, the answer is: Taxes and more taxes! How else will the younger generations be able-to pay for the older ones put out to pasture and patiently awaiting each first of month..for that Social Security check..or some other kind of “pension” check? But another, more logical answer would seem to be a total reorganization of Social Security and particularly of private industry pension ‘plans..with a longer working time for those physically and in the salaried work force. Then, many of the older workers could continue to foot their own bills more equitably; and, at the same time, contribute to the general. welfare of their less fortunate contemporaries. That would relieve much of the-strain on the younger workers trying to get a foothold. An advisory council on social _ security was named, not too long ago, to represent the public, employers, workers and the selfemployed. This group is engaged in a study of the system and is expected to come up with some believable and practical suggestions. or recommendations by next January.. then you just watch the fun begin. No matter what this council proposes there will be a rip-snorting debate started..and the effect it could have on the presidential election of 1976 could be literally earthshaking for all candidates. One authority, quoted in the article in U.S. News, says that “No Congress, now or in the future, would dare abolish Social Security or even reduce the benefits current. If any Congress should ever try it, it would mean revolution.” The article continues: “Authorities are convinced, in fact, that some kind of change is bound to come.” Another recent study of the Social Security ‘‘maze” was made by an_ investigative reporter for a’ large eastern newspaper. Clippings from his series were recenily mailed to this desk by « retire: friend. A Wednesday, Aug. 7,1974 = SOME 130 PERSONS and 50 four-wheel drive vehicles loft early Saturday on the Omega, French Corral, Rough and Ready, Graniteville, North Pe 1 W ailoupa, Gouge Eye, Lime Kiln, Chicago Park, Wolf, Christmas old Bar, Lowell Hill, Bourbon Hill, Scotch Hill, North Columbia, Columbia Hill, Brandy Flat, Sebastopol, Quaker Hill, 10 Cents A Copy Social Security problems = 21st annual Henness Pass Jeep Trek. The group followed the historic wagon train :: route over the Sierra that was used in the 1880's during the Comstock silver rush couple of quotes from that material graphically illustrates the statistics you'll find in U.S. News quoted above: “There are 15.2 million men over 65 and women over 62 on Social Security. A White House Conference .on the Aging has estimated that an additional $65 million is needed to increase retirement .payments sufficiently so that all of the elderlyean live above. the ‘poverty sedan tetahatateiatutaeaieamtalt level” now considered by government experts as being approximately $3000 annual income.” “Counting the 11 per cent increase in payments this year, the average single retired worker gets $181 monthlyand the average retired couple, $310. The maximum payment to single retirees this year is $305.” All it takes, in the face of such data, is a bit of simple arithfor an overnight stay at Meadow Lake at the 7,000 foot elevation. Wagon Master was Mosco Smart and Assistant Wagon Master was Bill King. John Berryman of Grass Valley is the president of the Henness Pass Highway Association. ' wg neue a Sce MEN e Oatatataatetetetetetetetetetererererevorerezereocersroctstststatststats® -metic to make you feel that you’ve reached the ultimate in frustration. How, in heaven’s name, can an “‘average single retiree” live on an average of under $6 per day..and decently house, clothe and feed himself or herself? Ask yourself if you do -it..and then. think about the genuine need developing in this country to keep people gainfully employed for just as long as they are capable..not until they have VO OLNSRVUOYS NOILOGS SIVOICOTYad: eTSs6 “THO. KEVEEIT ALVLS St-9T-S

Ser: ig the communities of Nevada City, Grass Valley, ied Dog, Town Talk, Glenbrook. Little York, ihe’ jae Flat. Senittiainl Al : San Juan, North Bloomfield, Humbug, Relief Hill, Washington, Blue Tent, LaBarr Meadows, Cedar Ridge, Union Hill, Peardale, Summit rte Hill, Liberty Hill, Sailor Flat, Lake City, Selby Flat, Grizzly Hill, Gotd Flat, Soggsville, G > Willow Valley, Newtown, Indian Flat, Bridgeport, Birchville, Moore's. Flat, Orleans Flat, Remington Hill, Anthony Housé;, Delirium Tremens. VOLUME 49 a ane Enough funds? ae ; It’s nice work..,.if you can get t! : Did you know that Horacio Rivero, 64, is our Ambassador to Spain and receives a salary of $36,000 per year PLUS a yearly pension of $17,000 as a retired Navy admiral? Or that retired Brig. Gen. Andrew P. Rollins Jr., is now with the Department of the Interior and overseeing the construction of the Alaska oil pipe-lines...and pulling down a salary of $36,000 PLUS a pension of $14,000? Those are just two examples of “‘double dipping”’ or “having your cake and eating it too.” But compare them, if you will, ‘to the following figures for a man from the “everyday working world”’ who retires at 65 on Social Security....he’ll get either a minimum of $93.50 per. month or a maximum of $305 per month, or something “in between” depending on his line of work. If you have a masochistic desire to learn more about such matters...do visit your favorite news stand and purchase a copy of “U.S. News and World Report” dated July 15....it will cost the best 60 cents you’ve spent in a long time if an education about the basics of retirement life means anything to you. Employers, especially, should read (and weep over) the article starting on page 26 entitled “Social Security Promising Too Much To Too Many.” If only one half of the article comes anywhere near hitting home it will-be well worth the time it takes to read it. And...to put a really-‘doleful face on the " matter....this article may make you think in terms of developing a taste for canned dog food...you may need it before awfully long _ if the present rate of inflation persists! According to this very special report the problem with Social Security is “in a nutshell: Social Security is growing at such an explosive rate that, as things stand now, there won’t be enough money collected in the future to pay off all the benefits people have been promised. Lately, Cc.. ~ss has liberalized benefits sb rapidly thot all the fat has be: wrung out of the trust funds set up to provide resources to help finance the And, the answer is: Taxes and more taxes! How else will the younger generations be able-to pay for the older ones put out to pasture and patiently awaiting each first of month...for that Social Security check...or some other kind of “pension” check? But another, more logical answer would seem to be a total reorganization of Social Security and particularly of private industry pension ‘plans...with a longer working time for those physically and in the salaried work force. Then, many of the older workers could continue to foot their own bills more equitably; and, at the same time, contribute to the

general. welfare of their less fortunate contemporaries. That would relieve much of the-strain on the younger workers trying to get a foothold. An advisory council on social _ security was named, not too long ago, to represent the public, employers, workers and the selfemployed. This group is engaged in a study of the system and is expected to come up with some believable and practical suggestions. or recommendations by next January... then you just watch the fun begin. No matter what this council proposes there will be a rip-snorting debate started...and the effect it could have on the presidential election of 1976 could be literally earthshaking for all candidates. One authority, quoted in the article in U.S. News, says that “No Congress, now or in the future, would dare abolish Social Security or even reduce the benefits current. If any Congress should ever try it, it would mean revolution.” The article continues: “Authorities are convinced, in fact, that some kind of change is bound to come.” Another recent study of the Social Security ‘‘maze” was made by an_ investigative reporter for a’ large eastern newspaper. Clippings from his series were recenily mailed to this desk by « retire: friend. A Wednesday, Aug. 7,1974 = SOME 130 PERSONS and 50 four-wheel drive vehicles loft early Saturday on the Omega, French Corral, Rough and Ready, Graniteville, North Pe 1 W ailoupa, Gouge Eye, Lime Kiln, Chicago Park, Wolf, Christmas old Bar, Lowell Hill, Bourbon Hill, Scotch Hill, North Columbia, Columbia Hill, Brandy Flat, Sebastopol, Quaker Hill, 10 Cents A Copy Social Security problems = 21st annual Henness Pass Jeep Trek. The group followed the historic wagon train :: route over the Sierra that was used in the 1880's during the Comstock silver rush couple of quotes from that material graphically illustrates the statistics you'll find in U.S. News quoted above: “There are 15.2 million men over 65 and women over 62 on Social Security. A White House Conference .on the Aging has estimated that an additional $65 million is needed to increase retirement .payments sufficiently so that all of the elderlyean live above. the ‘poverty sedan tetahatateiatutaeaieamtalt level” now considered by government experts as being approximately $3000 annual income.” “Counting the 11 per cent increase in payments this year, the average single retired worker gets $181 monthlyand the average retired couple, $310. The maximum payment to single retirees this year is $305.” All it takes, in the face of such data, is a bit of simple arithfor an overnight stay at Meadow Lake at the 7,000 foot elevation. Wagon Master was Mosco Smart and Assistant Wagon Master was Bill King. John Berryman of Grass Valley is the president of the Henness Pass Highway Association. ' wg neue a Sce MEN e Oatatataatetetetetetetetetetererererevorerezereocersroctstststatststats® -metic to make you feel that you’ve reached the ultimate in frustration. How, in heaven’s name, can an “‘average single retiree” live on an average of under $6 per day...and decently house, clothe and feed himself or herself? Ask yourself if you do -it...and then. think about the genuine need developing in this country to keep people gainfully employed for just as long as they are capable...not until they have VO OLNSRVUOYS NOILOGS SIVOICOTYad: eTSs6 “THO. KEVEEIT ALVLS St-9T-S