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2 THE OSHAWA TIMES, Thursday, duly a2, I¥08 GOOD EVENING By JACK GEARIN CITY HALL OVERTIME §41 PERCENT "NOT BAD" Did you know, dear taxpayer, that the City of Oshawa paid out $79,995 in overtime last year (and $27,702 to the end of April this year) to civic employees under the direct juris: diction of City Hall, which does aot include Roard of Educa» ton or PUC? This represented S41 percent of the 1962 salaries $i, 478.424 -- which amount City Treasurer I, Frank Markson to day termed "not bad' on a comparative basis, with other municipalities The biggest 1962 overtime budgets were compiled by the Roard of Works Yard ($)7> 144 in 1962 and $14,816 to the end of April), Engineer's (84,972 in 1962 and = $1,979 to the end of April and Technicians (821,036 in 1962 as compared with $3,408 to the end of April), Most City Hall depart ments were low on averume in 192--City Hall caretakers were paid $3,888 overtime in 1962 (the Parks and Property committee is considering a recommendation that they be placed under direction of the Parks and Property Commis sioner, Mr. Patrick KRenne dy) Parks drew $3,082 City employees Ww ef Hall w avertime fective September praper authorization and su al ey adop Day peo TREASURER MARKSON Yas thas ment ef civie em eampile a tis a "Professional aad i pay my 4 16 w Supervisory be WV me granted exceeding 18 working days head, working wilt re determ ne and au ertime and car allowances Markson following a a request from Treasurer caretakers May is he City d. page May uid be ¢ estimates af ~ deparimen h department estimates he detailed required hiv basis y who should be given evertime 5 * hoe alla x~A MOR easons WAY avertime sheets shew sack: if su he commendations Rave der? Cowncll will han has bee mnie be kept in » the case A abo LY-ACQUIRED } "SOME NOTES ON NEW " _ ia Fame does 8 z AME who taste TLAMMe stvie MRE arned out to he Canada-US hima we TaMMY BINTER myer Rovgee> MRS nr AS ® Me weelds ey CXRSTOTR IM prands) -- PRESENT PR 'Mortgage Loans Clean-Up Urged TORONTO (CP) A lawyet and Mortgage broker whe pressed for legisiation mortgage borrowers to seek in dependent legal advice was him self accused. of failing to give such advice to cients grassly exorbitant' rates The incident occurred nesday asx the Ontario legisla lure's select committee an t cost of consumer credit contin wed its hearings inter esi Wea te advancing their ideas fox vleanmup of mortgage The witness Was. Louis a Toronto. barrister since and a registered Mort gag ¢ broker, and s acecus Joseph Sedgwick OUASE the allparty legis mittee Mr. Taube said about tWo mortgage month for . Sidney Ro nt Narthe? Loa Company, Wha appea befo committee Monday and wa accused by a committees mem ber of f becat of oans Taube h \ ive ¢om he vey preside the at usury enarges lagra yy AIS TALETeEst WARNED CLIENT Taube Yard Of Beer Ruling Defied By Hotel : NIAGARA PA Ne said 1 ry ORLEMS forcing paying Queen's Park with a parde of witnesses it a 1aoy » Sedgwick said s power has already paid a charge handied yahy a Mr several Rosenberg He told the committes the public. to get dependent said Mr, Sedgwick times y that his charges were excessive,| there should be regulations requiring independent legal advice about mortgages "You say people should get in legal advice hefore signing mortgage agreements," "Shouldn't you have said to these people swho were so sadly put upon'. that they do that?' Mr aw replied protect Taube the should "People seemed happy to pay people "ht occurs to me you might otect ad them," He said the have p?! of three per cent on a mortgage or viee "Why vou a and Une should a borrewer another asked par awyer five per cent on a second mortgage for legal ad. Mr bor tirst} | | pay} egal fee 'and then go out! = me WANTS NREWPON BARRED committee Lawrence Meanwhile, ber Allan F mem j (PC~| Toronto St. George) told report ask the wpa wil to he yenora ers sot taiy hearing" the licence broke: be Testimony sindicated Mr m,- Forest Hill erporation, charged one &? per cent second.mortgage loan, Mr vant of Jules led ment should panee we? t against Mr interest on a Law ce tried to have the commit Newton attorney and to determine iNVESt Newton at Tuesday's hear Newton's lavestimen Lassig, a ld-veano . bar.| * acker Spanie OT ed to the home of her Ben De ar af Winnipeg days a he leh her with Humane er w Society bu Sedgwick advised Mr ned to af achion My such said asa he member Wednesday's Harry Latimer mort ga ge drokey 2) years . tee he is taking a advert make ATTACKS ASOCIATION Mr, La WEATHER FORECAST Warm Weather Will Continue ww SV Raps EYE EXAMINATIONS PHONE 723-4797 De aren? FR. BLACK, O.D. 136 SeaCOtE ST. NORTH GIVES WARMING CLEAN YOUR FURNACE TODAY FREE TO CUSTOMERS « PERRY La "Deel Day e weet Ooverved Termporatares Tews overnight Ricks Wea TRAVELED Special Weekly Message Te Members Of CHAMBERS FOOD CLUB the mar sed yaal's Law take jeg wit an who In For P) Pay AWA (A niend Lonas -" aly the' shipment wheat and fe ountries wader va programs Trade Ministe Ww an COMMONS yaat ask bush PLEDGES UNME NTIONED Nt . Shara, WwW ALTERNATIVES a 2 ee " £2), HOR HHP owner SOK eigh io ACTease The Companies re Sah FMR HHA LASSIE CAME HOME The dog escaped fram a iPOD. she AS S NOCIOLY SAYS IDES the first a dog has escaped them the De Lassie home for good new, We') send her th s of the Humane set shelter night be ® be killed and way ami © Wire 8 ety the ars say fare she was nev her sed home the with found ta whom away Pp surpr Canada Plans eign Aid X a yeshy s would Se ang Con AXeS = lax was defended ™ Matheson ( needed na Was Hellyer Queries " NATO Leader Ry DAVE McINTOSH Canadian Press Stall Writer omen ammande ier ek, Bi wo GAYS answernng tour Awa al Re c¥ Ga sw Ver asked NATO wv Dy Divise » Rurere Nv naciear low-leve oie When a » France wh ASS aft ats aS enartem » @ TO PHCIDIE rth Ral words RS SITUATION UNIQUE Lar Re ORLY OX and OSHAWA'S ORIGINAL CARPET CENTRE @t Nar Way Pet ang droog ALTERNATIVES COSTLY PHONE 728.4681 ? wean Tt a? =o] NU-WAY ws mo Sem ol BUE CO. LTD. AY BRE poacssdhir aap 174 MARY ST Cau DIXON'S FOR Ol. FURNACES SERVING OSHAWA OVER SO YEARS 24-HOUR SERVICE 313 ALBERT ST. 723-4663 OR See aC FARMERS' MARKET EVERY FRIDAY 2P.M.-9 P.M <" \ EGE ~ _ AL 7 COQ, AND F r Rt \Old-Age Pensions 'Complexity Noted OTTAWA (CP)Sa complex is the field of old-age pensions thar it took professor Robert 1M, Clark the equivalent of three ifulblength novels to describe it lin his. report of 1938, a report now almost forgotion Yet this is the field 'into jwhich the federal - provincial conference will venture on Fri day and Saturday, -- probably with emphasis on the constitu, tional. stickiness of the federal proposal for a Canada pension plan The provincial premiers or their delegates also will have jto find time for a separate dis foussion with) Prime Minister Pearson and his colleagues on tthe municipal loans issue, Both ssubjects likely will be revived jin the premiers' Halifax meet ing next week Prof, Clark, a University of British Columbia economist who was given his one-man assign ment by former prime minister Diefenbaker, (urned in a mas sive document that helps to set the stage for the federal plan sketched in the Commons last week by Welfare Minister LaMarsh OFFERED COMMENTS Specifically, he was asked to compare the Canadian and U.S pension systems, But he was asked in terms. that precluded making his own recommenda tions for Canada, Instead, he re viewed the history of pension systems in doth countries and offered comments Some of those comments 1, A buge pile of avoney would be needed to convert Canada's 'Nabrate old. age pension, pay able to all at age TA. \coma axsupporied plan to a scheme emplevee-emplover contribu in the United States 2, He found that it had taken he U.S. 22 years of contribu ions build wage-related pensions to their 1958 levels Recause Canadian earnings are about 38 per cent below those in he U.S, it would take a decade achieve the maximum U.S at OAS AS 10 a denefits alsa found that would be "deep the dangers at eniration of powers Prot, Clark Quebec there ORNCemM o national NO DUPLICATION SYSIONY WAS SO] UP What emerges in the proposed anada an attempi ta duplicate the Ame m. dal rather seheme he Canadian and duild a on ederal ¢ peasion plan is CAR LYSE ar ate ndoutery PEALE pensian tap of of S83 a nix. is aie is con corporation imceme, and three er cent of imports and mana turers' sales Tha; aever e nough money, This fiscal year which. began April 1. the ail outiay for the pensions is es timated at $735,000,000, About $25,000,008 will be made up from general tax revenacs The new scheme s Way Next mmeEAt LANES of Qu TANTS ever wonld wark May, when wremplax msurance books are dDeing renumbered and re sued P Wha Want ie take part in coninbarery scheme coald egisier at Unempleyment In surance Oommission offices Coeaindations would start fram mmplayers and emplayers in Oc Ma, ay The earliest, The en start ind ae HAN the ta length and amount af ecantribu. tions, For those who had no chance to contribute, the flat rate pension would be boosted to $75 monthly NOT BUILD UP It would take 10 years to get the system going on a payoas: yousgo basis, No fund is built up, however, In effect it amounts to pensions being paid today from the money contrib uted by those who will retire later, perhaps many years later, After 10 years, the contribu. tions are designed to pay a pen sion equal to 30 per cent of the earnings on which contributions have been made, But the maxi. mum carnings covered under the plan are $4,000, And the 30 per cent applies to retirement al age 70, Uf a contributor re- tires, earlier, he gets corres: pondingly Suppose, for example, a man retires at age 70 after the plan has operated for 10 years. First he would get the fatrate pen. sion, to become $75) monthiy early next year" Then he would get 38 per cent of his first $4,000 in salary $1,000 a year, or $100 a month, That gives him $175 a month all told On top of that again, the pen sioner may have benefits from & private pension plan How big would contributions be? ASSUMPTION SAPE The government has assumed safely, iL Uhinks--that for the first. 10 years, contributions will not need to be more than two per cent of earnings one per cent from the emplovee, the ather from the employer Thus the maximum contribu tion far anvone earning $4,000 a year er mare would be about TT? a week Ry comparison with Canada's Iwo » per contribution plus the tax outlay for the flat rate ponsion---the United States' system is based entirely on con tributions of six per cent, rising 10 nin cent by 1978. This is the system Prof, Clark studied 80 deeply Miss LaMarsh produced in the Commons last week a statement and Canadian alter as they 1875, when the Canada pension plan is fully op. prationa less cents ent © ney fan Americaa CUTS at S$ are The penn gels $205 monithiy tT he had been earning 808 a month. The Canadian the same amount at rement would get j ft he retired at tat age 83. METTE PLUMBING CO. LTD, HOLIDAY NOTICE CLOSED SAT. JULY 27 RE-OPEN Tues. AUG. 6th ar PENSION earning life' Shop ingest squere Goance Everybody =n iam a ST -- Le 7 Free SHOP & HOP HOEDOWN EVERY FRIDAY NIGHT! Oshawa Shopping Centre 9 to 11 P.M. JOIN THE FUN! Heve the time of your then hop to the hoecown WILKIE RANGER AND HIS ORCHESTRA BRING THE WHOLE FAMILY! KING STREET W. AT STEVERSOW RD. 'A an / music of them all! Welcome han