Indianapolis Times, Indianapolis, Marion County, 6 December 1951 — Page 30
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PAGE 30
Tax Ruling
Pension Plan
By FRED W. PERKINS
Seripps-Howard Staff Writer WASHINGTON, Dec. 6-— The way apparently is cleared . for
wider development of a plan that jeg Sept. 24,
offers monthly pensions to re- His parents, Mr. and Mrs. Altired employees of small business pert (C: Keers, 1911 Dexter St concerns, said Cpl. Keers is recovering Federal experts on industrial rapidly, and hopes to be home fo
pensions made this comment to
day after ‘the CIO United Auto mobile Workers put its “Toledo Area Pension’ Plan” into effect
Dec, 1. The Treasury Department has ruled employers may deduct their contributions from their Reoss incomes for income-tax purposes, The Toledo plan stirred up strong opposition among business interests in Northern Ohio when it was proposed two years ago. It differs from the usual industrial pension s&cheme, which is con[ined to one company or industry. In the Téledo plan, employers in dissimilar enterprises, who have in common only their loca tien and the small number of their employees, pool their risks to provide economical and sound pensions for a few wage earners ~even for a single employee.
Developed by UAW: The Toledo Area Pension By was originated by Richard T diosser. a vice president Auto Workers Union, and was developed by Toledo's big local a2. “ The union has signed up 19 employers, with about 1250 workers in enterprises ranging from box4unch concerns to steel-fabricating companies, Some of the employers have only a remote relation, if any, to the primary field of the inion. aute manufacturing. But Ahey.. ingle contract because the UAW j= regarded as the dominant labor organization in the Toledo area. © The union announced that the 19 employers began making payments 12 months ago, and a fund of $162.865 had been accumulated up to Dec. 1. It will be turned over to a trustee known as the Ohio Citizens Trust. which will make payments to eligible retired work#rs. The trust is to be adminisdered by a joint board made up of Hour emplover and UAW repre‘sentatives. UMW The Industrial pension plan that has attracted most public attention is that ‘of the United Mine ‘Workers. It iz supBorted by a union tax of 30 cents a ton on all “bituminous coal from unionized “mines, and has a yearly income of about $150 million. It pays $100 a “month to retired miners over 60 who have served at least 20 years in the industry. The Toledo Plan, paid for en~tirely By employers at a cost of 7 cents a working hour per em“ployee, promises to provide pen“sions as high as $117 a month, ‘plus death benefits. = It permits employees to move “from one concern to another and
Taxes Coal
; retain their pension rights, so long; “as hoth conterns are members of
“thé plan.
; 3 esr tia apa i %
‘Armed Forces Plea .For More Women
SAN DIEGO, Cal. (UP) --Wom“en who are high school graduates and have no dependents under 18 vears of age are being asked by the armed forces to enlist for ymilitary service. © The Navy Department here said smilitary manpower requirements 3of the Department of Defense for fthe period up to July 1, 1952, call ~for a minimum of 72,000 more
Squalified women in the armed forces. ° The recruits are being sought “from the 2225000 women in ZAmerica who meet the above squalifications.
= They are needed to fill out the “rdnks- of the Women's Army sCorps, the Waves, the Women's “Air Force, Women Marines, the “Nurse Corps of the Army, Navy fand Air Force and the Women’s
Medical - Specialist Corps of- the
4 Army and Air Force,
‘Male Does the Job
; The male of the common house ;aparrow is much more active in snest building than the female.
RNR
“TARTAN CORDU
of the §
have Dbéen grouped-under—é
Local Gl Is Convalescing Is Boost for From Shell Burst Wound
cpl? Frederick T. Keers, 20-year-old Indianapolis Marine, is convalescing ‘at Great Lakes Naval Station from a shell burst
in Korea that mangled his left
a Christmas visit. The former Washington High School football player was called to active service with the 16tk Marine Reserve Battalion here trained on the West Coast celebrated his 19th birthday on shipboard in the Pacific, Ocean
Wounded in Korea
He fought throughgthe bitter winter of 1950-51 in Korea with the First Marine Division, and remained on ‘combat duty until wounded... A. helicopter delivered him fo medical aid at Seoul, after which he flew to Yokosuka Japan, to Midway, Honolulu, San Francisco and Great Lakes. Cpl. Keers is about to undergo a final operation to remove shell fragments and ‘graft skin over his wounds. Pfe. Marvin A, Kinkead, 19, has become a part of the radar net staff across the northern bound ary of the United States, ready to
proaching enemy aircraft, The Ben Davis High athlete was transferred Sat irday to Blaine, Wash. TH7th C&W
Warren AF Base FORTE Rae rio lif orn He telephone hig parents, Mr. and Mrs. Herbert A. Kinkead, of*his transfer and told them he was stationed at one of the radar posits alerted 24 hours a day. He said he doesn’t expect to spend Christmas at home this year. Pfe. Kinkead enlisted Dec. 18
last year, and took basic training at Sheppard AF Base, Wichita Falls, Tex. Before his gradua-
tion in June, 1949, he played varsity baseball and basketball, ran
Cats Come High
BOSTON (UP)--The high cost of loving cats is a problem for Mrs. Jeanne Dodge. Feeding her 25 cats, all adopted strays, costs her $40 a month,
warn: of ap-
with the §
Squadron, from §
511 E. Edgehill Rd,
and?
PURPLE HEART .— Awarded by Capt. W. F. James to Cpl.
Frederick Keers.
track, and was manager. He Western Electric Co.
months before his enlistment. Pfc. Kinkead is a former Times
carrier,
Eighteen-year- old Frank wil-| vaunied Howe High football and baseball star, now Frank Fox taking basic ing at Kir Force Base, Wichita Falls,
liam (Bill) Fox,
Howe
Pvt. Fox
football later worked at/its securities on the
Ty Fox en- VERY BEST! Fe re These Are Just a Few of the Many Bargains at Harding's!
graduation
NR ere cody Lackland AF! Base at San Antonio before transferring to Shep-
THURSDAY, DEC. 6, 1051
wap INDIANAPOLIS TIMES pres Reich Stocks [Open Season ~ NI ————— Julius Bremen says—
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{ | ZURICH, Switzerland, Dec. 6. _gritigh Columbia's last band of (CDN) Swiss investment houses| 4 harses is faring the end of money, it will pay you to drive to the—
‘report growing activity in German the trail as plans go ahead for
hacurities, the seventh “cleanup” These Swiss have heen handling! 4.ive of. mustangs in ‘the East, Located at the corns of Troy and Harding Street (3000 South, Go' West to Harding Street)
annual
| the bulk of Gérman securities). laround the world since the end | Kootenay. of the war. American and British! The Cranbrook district farm-, operatars have been transacting ers’ institute has approved unani-| their German business through mously the closing of the.public| 3wiss agents. range between Feb, 15 and Apr.| | It has been impossible to buy 15 to permit horse-hunting with| German stocks on the New York big game rifles instead of tradi-| {Stock "Echange. tional! lariat.
Swiss contacts listed the follow- | FREE
| { |
ing reasons for the German security activity:
ONE-- Germany is now geared RECIPES : ; “into an enormous praduction * ih Cc swing. It has all the orders it can RB ,oaetizing ways to use CUBED . handle for two to three vea:rs seasoning for fowl, Chem ahead. Its working man is still meats, fish, vege:
tables, leftovers, stews, etc. FREE fold- A or. Write Wm. G. Ball I% Co., 189 State St, | Boston 9, Mass.
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regarded as the hardest working man in Europe TWO The West German Federal Republic will sign a peace treaty with the Western Powers in the near. futur. Among many student other things this will reintroduce New York
Wrapped in moistoreproof cellophane for your protection. =
for eight Exchange. Since 1867
0.
iss Pvt
trainSheppard
AS THE
from High. He
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ENJOY AMERICA’S
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pard Field His brother, Ronald, is uphold- Ny) 4 C A 4 ing the famity athletic skill "at Che 2, Leoset- Store
Howe, starring in basketball, footbaseball and track, They are! Mrs. 328 N. Bradly Ave. Pvt. Fox is afraid he won't be home for Christmas this year, ac-|
ball, sons Fox,
of Mr, and
cording to his letters
So Many Little Childhood Ills Strike at Night!
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‘Ser Indianay day addec pointment tors to a public - scl munism. The ex PTA Coun PTA grou protest Wilbur Ye dent of ‘pu The 45 1 jected to ment of t primiarily schools.” They ref Rev. Fr. F priest of hausen, Aa of the Lu lege. “The ap] been mor Mrs, Alvi president. should ha: ficial and Mrs. Jc board's a lengthy ai of the iss
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Cars On Pq
Two car destrian a down two fic acciden Russell Michigan | car victin cross Mich He was bound car Kaney, 81 Blvd. The the path driven by 420 N. Eu His con General H A truck Rybolt, 23 struck Lo S. Harding 37, of 85 walked al Both we at Genera
