Newspaper Page Text
PAGE TWENTY-TWO
Men 62 Io 65 Now Have
Special S. S. Benefits
The new amendments to the
vocial security law, signed by
President Kennedy last week,
give men early benefit rights
similar to those women have
had since 1956.
The change applies to men
between 62 and 65 years of
age, and is designed especially
to help those who are unable
to find employment because of
their age or poor health.
A man now 62 to 65 years of
age can start receiving bene
fits with the month of August;
but if he retires before he
reaches age 65, the monthly
amount of benefit paid to him
is reduced. He will continue to
be paid the reduced amount
•ven after he reaches 65.
Dependent widowers and the
dependent fathers of workers
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who have died also ran get
benefits at age 62. Their bene
fits, like those of windows and
dependent mothers, are not re
duced.
For men who retire early,
the amount by which their
benefits will be reduced de
pends on the number of months
for which they will receive
benefits while still under 65.
A worker who retires and
claims his benefits as soon as
he reaches 62 will qualify for
80 percent of the amount that
would be payable to him at age
65 based on his average earn
ings up until his retirement.
If he waits until he is 63, he
will get 86 2/3 percent of his
full benefit; and if he waits
until 64. the amount will be
93-1/3 percent.
The reductions are figured so
that a person may expect to
receive, on the average, about
the same amount if he takes
reduced benefits beginning be
fore he is 65, or waits until
65.
Members of the immediate
family of a retired worker can
get dependents’ benefits if the
worker retires at 62 or if he
waits. Eligible dependents in
clude a wife 62 or older, or a
wife at any age if she has in
her care children who are
eligible for benefits. The child
of a retired worker is eligible
if he is under age 18, or if he
has been totally disabled since I
childhood.
The Committee of Finance of
the Senate, in recommending
this change in the law, said
“The provision of benefits at
age 62 for men will help to al- I
leviate the hardships faced by
that group of men, because of
ill health, automation, or other
technological change, are forc
ed into premature retirement
before age 65.”
For more information about
this change in the law and the
other changes made by the new
amendments to the law, ask
your nearest social security of
fice for your free copy of Leaf
let No. 1. Men 62 to 65 years
old who decide to take their
social security benefits now
instead of waiting can also ap
ply for those benefits at their
social security office. The
office in Atlanta is located at
275 Peachtree Street, N. E.
Lloyd Davis
Named Manager
Brokerage Office
Harris, Upham & Co., Grant
Building, Atlanta, Ga., nation
w i d e investment brokerage
firm with 48 offices coast to
coast and members of the New
York Stock Exchange, an
nounced today (July 10) the
appointment of Lloyd Davis as
manager of Harris, Upham fa
cilities in Atlanta.
Mr. Davis, an M. A. gradu
ate of Oglethorpe University
and formerly part time profes
sor of finance at Atlanta Divi
sion of the University of Geor
gia, has been associated with
the investment brokerage busi
ness for 24 years.
He resides with his wife and
two children at 3845 Peachtree
Road, N. E and is a member
of the Shakerag Hounds, the
Cherokee Town ar d Country
Club, the Atlanta Chamber of
Commerce, St. James Methodist
Church, and tne Y. M C. A.
“STOCKADE” HOUSES
Home designs bearing a re
markable resemblance tn the
stockades of the American pio
neers, are making an impres
sive debut.
Only, this time, the objec
tive is privacy and peace of
mind, rather than protection
from hostile arrows.
According to the Southern
Pine Association, the basic
plan calls for construction of
the dwelling in four different
sections or “block houses.
Each section is stationed at a
lot corner, and each is a self
sufficient modernized unit.
One section houses living,
dining and kitchen facilities.
A second includes the parents
sleeping quarters and a third
is for the children. The fourth
section provides garage and
utility areas.
The sections are tied toge
ther by breezeways and by a
high wood fence, which sur
rounds the lot. There may be
a swimming pool in the central
yard.
By rare coincidence, the
chief structural material is the
same that built America's first
fort and stockades — Southern
Pine. But instead of logs, the
modern version is a stream
lined efficiency model, com
posed of “engineered wood.”
78- Million Tree Seedlings
Planted In Georgia In '6O-61
As part of a sustained, long
range program of reforestation
and woodland improvement,
the pulp and paper industry
along with independent sup
pliers of pulpwood planted and
distributed 78,761,200 tree
seedlings in Georgia during the
1960-61 season.
The figure on trees planted
in the state was' taken from
the results of an 11-state sur
vey just conducted by the
Southern Pulpwood Conserva
tion Association, it was report
ed by Henry J. Malsberger of
Atlanta, General Manager of
SPCA.
Georgia, the survey showed
further, was second only to
Florida in the number of trees
planted by companies and
. pulpwood suppliers.
The pulp and paper industry
gave 21.669,400 trees to indi
vidual landowners in Georgia,
which was by far the greatest
number given by companies in
any one state of the region.
At the same time, pulpwood
suppliers planted 2,399.500
trees in Georgia.
Mr. Malsberger stressed that
farmers and other landowmers
are depended upon to grow' a
large part of the pulpwood
which suppliers will continue
to purchase for shipment to the
companies.
In the 11-state Southern re
gion as a whole, according to
the survey figures, the industry
accounted for the planting of
a total of 386,427.621 forest
tree seedlings. Approximately
62 per cent of these trees, or
241.396,221, were produced in
19 industry-operated nurseries
in the South.
Mr. Malsberger pointed out
further that, using a ratio of
one acre for each 800 trees, an
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THE COVINGTON NEWS
estimated 483,000 acres of land
were planted with trees which
were transplanted from nur
series. He added that the new
technique of direct seeding
which is gaining in acceptance
by industry foresters, resulted
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^^Wl HAYS TRUCK and TRACTOR
DAY phone- 786.3334 — night phone - 786-6617 — mansfield, Georgia
in the planting of another 4,-
859 acres.
The pulp and paper com
panies reporting the results of
their reforestation activities in
Georgia were Armstrong Cork
Co., Macon; Bowaters Carolina
Corp., Catawba, S. C.; Bo
waters Southern Paper Corp.,
Calhoun, Tenn.; Brunswick
Pulp and Paper Co., Bruns
wick; The Buckeye Cellulose
Corp., Foley, Fla.; The Cham
pion Paper and Fiber Co., Can
ton. N. C.; Container Corp, of
(Largest Coverage Any Weekly In The State)
America, Fernandina, Fla; Con
tinental Can Company, Inc.,
Savannah; Georgia Kraft Co.,
Macon and Rome; Internation
al Paper Co., Georgetown, S.
C.; Owens-Illinois, Valdosta;
Rayonier, Inc., Jesup; St. Joe
Paper Co., Port St. Joe, Fla.;
St. Marys Kraft Corp., St.
Marys; St. Regis Paper Co.,
Jacksonville, Fla.; Union Bag-
Camp Paper Corp, Savannah,
and West Virginia Pulp and
Paper Co., Charleston, S. C.
Pulpwood suppliers report-
ing were Canal Wood Corp.,
Conway, S. C.; Cherokee Tim
ber Corp., Augusta; Dixie
Wood, Inc., Milledgeville; Sec-
Thomasville; M. M. Smith, Mi
lan; Southland Timber Corp.,
Augusta; Varn Timber Co.,
Hoboken; Varn Turpentine and
Cattle Co., Jacksonville, Fla..
Vaughn and Co., Athens, and
West Georgia Pulpwood and
Timber Co., Hogansville.
The pulp and paper industry
program in the South account
ed for the following number of
Thursday, July IS> I^l
trees being planted in each
state during the 1960-61 sea-
son:
Alabama 50,724,245
Arkansas 5,800,uu0
Florida 91,285,146
Georgia 78,761,200
Louisiana 21,174,503
Mississippi 29,673,217
North Carolina .... 35,753,610
South Carolina .... 21,302,600
Tennessee 12,740,000
Texas 20,340,200
Virginia 18.806,900
TOTAL .... 386,427,621