July 1, 1965 (20 pages)

S96T “T AIN[***1956NN AjuNOD epeAon*** AY July 1, 1965. Nevada County Nugget. ws) WORK STARTED last week on the restoration of the front of the Woody Smith Jewelry Store on Broad Street to give the building a look of old fashioned elegance. Allen Davis shown in the top picture on the left and Pete Schugren of Nevada City, designed and are constructing the job. This week the job was nearing completion and Woody Smith (center) discussed the plans with Davis and Schugren. Nevada City Chamber Directors Meet Tuesday Tight Finances Force Nevada City To Curtail Pension Plans (Continued from Page 1) before the council to explain the plan. Henotedthat at the outset the rate, because of the large number of older employees with a large backlog of work experience, would be about as high as the system goes. He noted that the total cost if all employees were covered would range from $14, 800 to $17, 150 depending on how long the city wanted to take to amortize the costs of the prior experience of the city employees. Crocker pointed out that the cost for prior ex perience, or those benefits based on years of work previous to the start of the plan, has to be borne entirely by the city ata rate fixedin the contract as a percentage of the city payroll, It was explained that the lower rate of $14,800 would be for amortizing the prior cost over a 30 year period while the $17, 150 rate would be for cresting the payments at a 20 year period. The rate is made up of two parts. The first, called normal costs, is the regular contribution made to the plan based on the service from thetime the plan is instituted and runs about 5, 9 percent of payroll, T he second part is the payment made to cover prior service and this would be about 7.9 per cent. The benefits are based on years of service, age at retirement and wages received based on an average of the three highest years of pay. The employes contribute approximately half the cost of the program for the current service, The plan provides death benefits before and after retirement and for fire and police provides special benefits if death is service connected, Special benefits are also provided for fire and police for disability if service connected, The annual cost to the city to include allemployeesin the plan would be $14, 800 while the cost for just fire and police would be $10,000. The employees contribute an additional 6-7 per cent of their payroll, Councilman Dan O'Neill noted that in light of the city’s precarious financial position, it seemed the best the council could do w ould be to take in the fire and police personnel and pick up the rest of the employees later. Councilwoman Carole Friedrich saidshe would like more time to study the plan. It was pointed out that the city could pass a resolution of intent indicating a desire to cover all employees since no city action was binding until after the ordinance setting up the plan was approved, On the motion to restrict the plan-c overage to just fire and police personnel, O'Neill and Barry voted yes and Mrs. Friedrich did not vote, Mrs, Friedrich then asked City ManagerBeryl Robinson if he was convinced that this was the best plan. Robinson said he was. He noted that it hasthe most benefits and is therefore the most expensive. O'Neill's motion for adoption of the resolution of intent was given unanimous approval. SHOP OUR. summer clearance sale TREMENDOUS VALUES! Millinery . reduced to 5-15 JUNIOR Swim Suits reduced 5-15. 8-18 LADIES' Dresses reduced Vy) 23 V3 3-6X, 7-14 GIRLS' $1.99 25% The Nevada City Chamber of Commerce, after producing another highly successful T our of Nevada City bicycle race, will hold a director's meeting Tuesday and will discuss ways to make the race even better. Most of the patst month was spent in promoting the race. Two cartons of race brochures were mailed to bicycle shops and travel agencies all over the state. Bob Carr helped distribute a large number of these to remote areas of the county andnearby counties. Alice McGee and Marge Matusovic handled arrangement for the food and drink booths which were set up and run by local organizations along the race route for the first time this year. During June the Chamber had 34 visitors, 24 phone calls and wrote.72 letters, 23 of which were in answer to requests for information on the area for vacations. Four came from people wishing to move.to Nevada City. Withthe race out of the way for another year, the Chamber is now making plans for coming events. The June issue of Motorland lists the annual Henness Pass Jeep trip Aug. 7-8 0n its calender of events and both Motorland and Sunset have received notice of the dates for the Chamber's Trade Fair on Oct. 16, the Fall Color SpectacularOct 15, thruNov. 15, and the Artists Fair, Dresses reduced Y, LADIES" SPRING Coats now V2 price 5-15, JUNIOR : Sportswear 4 reduced i Y3 r y CAPRIS, BLOUSES, SKIRTS, SHORTS < g fA No Layaways on Sale Merchandise ladies’ and Cities! Woke BankAmericard 138 MILL STREET, GRASS VALLEY

S96T “T AIN[***1956NN AjuNOD epeAon*** AY July 1, 1965. Nevada County Nugget.. ws) WORK STARTED last week on the restoration of the front of the Woody Smith Jewelry Store on Broad Street to give the building a look of old fashioned elegance. Allen Davis shown in the top picture on the left and Pete Schugren of Nevada City, designed and are constructing the job. This week the job was nearing completion and Woody Smith (center) discussed the plans with Davis and Schugren. Nevada City Chamber Directors Meet Tuesday Tight Finances Force Nevada City To Curtail Pension Plans (Continued from Page 1) before the council to explain the plan. Henotedthat at the outset the rate, because of the large number of older employees with a large backlog of work experience, would be about as high as the system goes. He noted that the total cost if all employees were covered would range from $14, 800 to $17, 150 depending on how long the city wanted to take to amortize the costs of the prior experience of the city employees. Crocker pointed out that the cost for prior ex perience, or those benefits based on years of work previous to the start of the plan, has to be borne entirely by the city ata rate fixedin the contract as a percentage of the city payroll, It was explained that the lower rate of $14,800 would be for amortizing the prior cost over a 30 year period while the $17, 150 rate would be for cresting the payments at a 20 year period. The rate is made up of two parts. The first, called normal costs, is the regular contribution made to the plan based on the service from thetime the plan is instituted and runs about 5, 9 percent of payroll, T he second part is the payment made to cover prior service and this would be about 7.9 per cent. The benefits are based on years of service, age at retirement and wages received based on an average of the three highest years of pay. The employes contribute approximately half the cost of the program for the current service, The plan provides death benefits before and after retirement and for fire and police provides special benefits if death is service connected, Special benefits are also provided for fire and police for disability if service connected, The annual cost to the city to include allemployeesin the plan would be $14, 800 while the cost for just fire and police would be $10,000. The employees contribute an additional 6-7 per cent of their payroll, Councilman Dan O'Neill noted that in light of the city’s precarious financial position, it seemed the best the council could do w ould be to take in the fire and police personnel and pick up the rest of the employees later. Councilwoman Carole Friedrich saidshe would like more time to study the plan. It was pointed out that the city could pass a resolution of intent indicating a desire to cover all employees

since no city action was binding until after the ordinance setting up the plan was approved, On the motion to restrict the plan-c overage to just fire and police personnel, O'Neill and Barry voted yes and Mrs. Friedrich did not vote, Mrs, Friedrich then asked City ManagerBeryl Robinson if he was convinced that this was the best plan. Robinson said he was. He noted that it hasthe most benefits and is therefore the most expensive. O'Neill's motion for adoption of the resolution of intent was given unanimous approval. SHOP OUR.. summer clearance sale TREMENDOUS VALUES! Millinery . reduced to 5-15 JUNIOR Swim Suits reduced 5-15. 8-18 LADIES' Dresses reduced Vy) 23 V3 3-6X, 7-14 GIRLS' $1.99 25% The Nevada City Chamber of Commerce, after producing another highly successful T our of Nevada City bicycle race, will hold a director's meeting Tuesday and will discuss ways to make the race even better. Most of the patst month was spent in promoting the race. Two cartons of race brochures were mailed to bicycle shops and travel agencies all over the state. Bob Carr helped distribute a large number of these to remote areas of the county andnearby counties. Alice McGee and Marge Matusovic handled arrangement for the food and drink booths which were set up and run by local organizations along the race route for the first time this year. During June the Chamber had 34 visitors, 24 phone calls and wrote.72 letters, 23 of which were in answer to requests for information on the area for vacations. Four came from people wishing to move.to Nevada City. Withthe race out of the way for another year, the Chamber is now making plans for coming events. The June issue of Motorland lists the annual Henness Pass Jeep trip Aug. 7-8 0n its calender of events and both Motorland and Sunset have received notice of the dates for the Chamber's Trade Fair on Oct. 16, the Fall Color SpectacularOct 15, thruNov. 15, and the Artists Fair, Dresses reduced Y, LADIES" SPRING Coats now V2 price 5-15, JUNIOR : Sportswear 4 reduced i Y3 r y CAPRIS, BLOUSES, SKIRTS, SHORTS < g fA No Layaways on Sale Merchandise ladies’ and Cities! Woke BankAmericard 138 MILL STREET, GRASS VALLEY