The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1950-08-03
What New Social
Security Bill
Means To You
By CUSHMAN REYNOLDS

Washington (LPA) = When thu
new social security bill become:
law, 10 million more persons thar
ever before will be covered. In ad
dition, those now drawing benefit:
will find their basic payments in
creased about 77N percent, on the
average. (Those in the lowest brac
ket will get a 100 percent boost
those in the highest about a hike
of so pereent.) Many of those
reaching 65 in years to come will
receive even larger monthly sums
A House Senate con nferenc
group reached full agreement OF
the final bill July 25. If Congress
should act Immediately, beneficiar
les would start cashing bigger
checks Oct. l. The final bill bor
rows more heavily from the Senate
version than from the House mea
sure.
Though some of the provision:
sought by organized labor were re
jected, the bill is viewed as a great
improvement over the previous Law
because it benefits more people
and authorizes larger payments t.
retired workers of 65 and ovel
and their families. However, the
still will be low in rela
tion to present price levels.
Big fly in the ointment is the
Knowland amendment injected by
the Senate. This amendment slows
down the process by which the gov
ernment can halt payments to g
state whose unemployment insur-
ance laws do not conform to fed
eral statutes. Labor has gooC
grounds to fear that this provision
will be used to break strikes in a
number of states, by a procedure
described below.
Here are answers to key ques-
tions about the new bill.
WHO is COVERED?
About as million persons will be
covered by old age and survivors
insurance compared with only 35
million under the old law. The as
million include those now covered
plus the following groups:
Non-farm self-employed except
such professional or semi-profess-
Ionals as lawyers, doctors archi-
5ects and the like; in some circum-
stances, state and local government
workers not covered by other sys-
,ems; regularly employed non-farm
domestic workers holding jobs "a
lays a calendar quarter and max
ng $50 in that period.
Agricultural processing workers
,ff the farm and regularly employ
ed farm workers holding jobs so
lays a quarter and making $50 in
he period; employees of non-profit
Institutions provided the employer
and two-t thirds of the employers
want coverage; federal employees
not covered in a federal retirement
system unless engaged in very cas-
lal or temporary work.
Americans employed by Ameri-
IAN firms in foreign countries and
employees on American aircraft out
side the country merchant sea-
men were already covered); work
srs in Puerto Rico, provided the
Puerto Rican legislature requests
.overage, and workers in the Vir-
gin Islands.
In addition, the word "employ"
has been re-defined so that cover
age is extended to the following:
'ull time wholesale statesmen;
.gent and commission-drivers dis
ributing meats, vegetables, fruits,
'akery products, beverages lex
.ept milk, laundry and dry clean
ng service; industrial homework
rs making $50 a quarter under
,ertain conditions.
World War III veterans are cred
ted with wages of $50 a month
While in service (provided they're
lot under another federal retire
nent system.)
Specifically excluded are rail
workers. who are under a separate
'etirement system.
HOW MUCH ARE THE PAY
dENTS?
If you are one of the 3 million
llready retired and receiving pay
nents, your monthly check will be
If your present primary
payment is $40, the rock
'ottom rate, it will be doubled to
go. If you are getting the present
maximum rate of SAG month, your
lew basic payment will be $68.50,
n increase of not quite so percent.
these rates are known as the "con-
'ersion table schedule"
People retiring between now and
he second quarter of 1862 will re-
Give the Conversion" rates. In
.ddition, those retiring after the
econd quarter of 1862 will receive
Inversion rates in instances where
hey are higher than the rates
'ielded by a new formula. How
ver, in most cases the new formula
viii yield the higher rates, the ex-
'erts say. This is the "new start"
of the bill. The "con-
'ersion" rates are expected to dis
appear within few years.
The na,u formula rates will he