Word: paye
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Dates: during 1960-1969
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Average payments to beneficiaries will rise 13% in 1968, while at the low end of the scale the increase will be 25%. The law provides for additional increments in later years. Medicare benefits will be expanded as well. And although the base on which both employers and employees pay the social security tax rises this year from $6,600 to $7,800, the present tax rate of 4.4% does not begin going up until 1969, when it will be 4.8%. Subsequent increases over two decades will bring the figure...
...president Andrew P. Tobias '68 said yesterday that there were several reasons why they had not been able to wipe out the deficit as expected. Many of the businesses have been contributing less than they used to in order to be able to pay better wages. The HSA pays higher average wages than any other college student agency...
Gill said the charge--which would cover part of the costs of operating the House offices, supplying tutors with suites, and maintaining libraries and recreational facilities--"might be substantial." Under the present system "students who live in the House pay for all these things even though off-campus students use them," Gill explained...
...airlines must borrow to finance most of their growth because their profits, though expected to rise from $430 million in 1966 to about $450 million in 1967, are being squeezed by costs that are climbing faster than revenues. Airline mechanics won a 16% pay increase (over three years) after a crippling six-week strike a year and a half ago. Airport landing fees are increasing. The new jumbo jets will require vast outlays for new terminal facilities. Air-traffic delays have mounted beyond expectations; during July alone, they cost Eastern Air Lines $1,200,000 more than had been budgeted...
...ceiling set by the Civil Aeronautics Board to about 10%, and some analysts expect it to dip lower. That, of course, could complicate its future borrowing. "We are in no current crisis," says President Stuart Tipton of the Air Transport Association, "but all of us have got to pay major attention to our problems...