Stamford American (Stamford, Tex.), Vol. 76, No. 16, Ed. 1 Thursday, July 10, 1997 Page: 3 of 10
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Locals named to HSU
president and dean's lists
Financial
Guess
Who’s
________| July 10?
Come by for donuts & coffee
Thursday
at
Country Drug
Mewter FDIC
610 Columbia
Stamford, TX 79553
915-773-2122
410 Carothers
Rochester, TX 79544
817-743-3511
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loan officers.
G-roceriesLL
BE
POST
OFFICE
Happy 1st Birthday
Brennan
Joy Mueller of Stamford was
listed on Hardin-Simmons
University’s President’s List for the
Spring Semester.
The President’s List requires at
least 12 semester hours and com-
pleting all courses with a perfect 4.0
grade point average.
Laura Shaw also of Stamford was
listed on the Dean’s List for the
Spring Semester.
The Dean’s List requires at least
a 3.75 average on all courses taken
with a minimum of 12 semester
hours.
Focus
By: Gary Decker
L
West Texas Fair & Rodeo
Queen and Teen Pageant
FDIC Insured to $100,000
Call or Stop by today.
GARY DECKER
106 S. Swenson
Stamford, Texas 79553
1 -800-441 -2709 or 915-773-2709
Edwardjones
Serving Individual Investors Since 1B71
Younger people say they’ve spent many yean paying into Social Security,
too, and they couldn't live without it.
Individuals aren’t the only ones arguing about Social Security. This
popular entitlement program continues to make news as legislators debate
its future health.
Although no laws have been passed, one of the most agreed-upon
solutions is to raise the retirement age. Today’s laws are the same as they
were in 1935 when Social Security was signed into law: retirees are eligible
for full retirement benefits at age 65 or reduced benefits as early as age 62.
Interestingly, though, in 1935, Americans had a life expectancy of only 61.9
years.
In other words, a system was put into place that had the expectation of
paying out little or no benefits to half of all workers who paid into the system.
During the past 62 years, improvements in medicine, lifestyle, nutrition,
transportation, communication, working conditions and other technologies
have driven the average life expectancy from 61.9 years to 76 years - an
increase of more than 14 years, or nearly 23 percent.
With the average retiree receiving benefits of more than $7,900 in 1996,
and expected to live 11 years past retirement age, the 33 million retired
Americans today are scheduled to draw much more from Social Security
than the system was designed for. And if you consider that 83 percent of
retirees start drawing benefits before age 65, the cumulative costs are even
higher.
Proponents of raising the retirement age to 70, with reduced benefits
available as early as age 65, say that doing so is logical given our longer life
expectancies. They add that phasing in these higher age limits over the next
10 years would be fair to workers within two to three years of retirement and
provide adequate transition time to save and plan. And it still would allow
the average worker to enjoy a longer retirement than was originally planned
when Social Security was signed into law.
It’s important to understand that the Social Security Trust Fund is healthy
today. Incoming tax revenues will continue to exceed outgoing payments
until 2012. After 2012, however, Social Security trustees will be forced to
supplement payments with interest and principal that have been accumulat-
ing in the Trust Fund. Today's projections indicate that, with no change in
the laws, the Social Security Trust Fund will be bankrupt by 2030.
Experts say that raising the retirement age would postpone this bank-
ruptcy far beyond 2030 and provide hope that the children and grandchil-
dren of today’s retirees will be able to receive benefits from the system they
paid into over their entire working careers.
6 OS
XJvVFtey /JU Minimum
Deposit $5,000
*Annual percentage yield (APY)-interest cannot remain on deposit; periodic payout of interest
is required. Early withdrawal may not be permitted. Names of current issuers are available on
request. Effective 7/8/97
Retirement age could be raised
(Editor’s note: First of a two-part series on Social Security)
Please call us for private consultation in your home or at our Funeral Home.
DORIS KINNEY CHICO UNDERWOOD
KINNEY FUNERAL HOME
915-773-3311 • Stamford, Texas
fjn oux commitment to xexuiny famiCiex
in tCis axea, are axe pxoud to °ffa out
Cj^xeneed ‘CPxoyxam. tCat pxovidei additionaC
benefits fox you and </out Coved ones.
You will even protect your
children, grandchildren and
great-grandchildren at no extra cost.
Entry forms are available at the
Taylor County Expo Center office
for young ladies interested in the
1997 Miss West Texas Fair & Rodeo
Queen and Teen Pageant to be held in
conjunction with the West Texas Fair
& Rodeo. The pageant dates are Sep-
tember 5-9, 1997. The winners will
reign over the 1997 West Texas Fair
& PRC A Rodeo September 5-13,
1997. They will also represent the
West Texas Fair & Rodeo at various
other rodeos, parades, and activities
in the West Texas area during the
year, along with competing in the
Miss Rodeo Texas pageant held in
McLellan
named to
honor roll
Angela McLellan of Avoca was
listed on the honor roll at Hardin-
Simmons University for the spring
semester. The honor roll requires a
3.60 grade point average on at least
12 semester hours of work.
McCaulley
monthly
musical
per, and R.N. from Stamford. Gus
Vahlenkamp from Old Glory was in
the bathtub as a patient assisted by
Teresa Wakefield, an R.N. from
Munday.
The McCaulley R. D. C. will be
hosting its monthly musical on Fri-
day, July 11,1997 at 6:30 p.m. in the
holic beverages are allowed. A con-
cession stand will be open with the
special being BBQ plates. Proceeds
will benefit the R.D.C. To be on the
program, please call 915-962-5441.
San Antonio, in June of 1998.
Age limits for entrants in the
“Miss” division are 18-24 years of
age and 13-18 years of age for
entrants in the “Teen” division. En-
trants will be judged in three cat-
egories: Horsemanship, Western
Attire and Personality. We are look-
ing for talented young ladies who
will represent the West Texas Fair
& Rodeo well. Entrants must live
within a 100 mile radius of Abilene.
CitH-ifae Taylor County Expo
Center office\t (915) 677-4376 for
entry forms. The entry deadline is
August 9, 1997.
TCR Parade
float winner
donates
prize money
We at Comerstone Home Health
were so happy to be a part of. the
4th of July parade. When we heard
we won first place, we were over-
joyed. We would like to donate the
prize money we received to The
Pink Ladies Auxiliary of Stamford
to help purchase something for
Stamford Memorial Hospital.
Cornerstone Home Health is lo-
cally owned by Pam Nelson, direc-
tor of Clinical, Steve Kiser, direc-
tor of Finances, and his sister Christi
Parker, director of Human Re-
sources. The main office is located
Mr. & Mrs. Kevin Frank Jackson
Couple weds in San Angelo
Pamela Ann Smith and Kevin Frank Jackson were married on Saturday,
June 28, 1997, at Immanuel Baptist Church in San Angelo with Paul Shero
officiating. ;’
Glenn and Carolyn Smith are the bride’s parents. The groom is the son
of Frank and Charlotte Jackson of Wingate.
Starla Smith was her sister’s maid of honor. Bridesmaids were Christi
Fonville of Clyde, Sherrie DeLong of Fredericksburg, Dawn Mayfield of
Tuscola, Jennifer Saylor of Cleburne, Krystal Enfield of Hawley and Holly
Ivie of Knox City.' .
Scotty Jacksoh of Robert Lee was his brother’s best man. Groomsmen
were Lenny Jackson of Cross Plains, Danny Jackson of Lubbock, both
cousins of the groom, and Justin Bryan of San Angelo, Brandon Braden and
Shawn Box, both of Wall and Jamey West of Winters.
Dereck Longoria of Water Valley, cousin of the bride, was ring bearer.
Carey Sanders and Jeremy Crawford, both of San Angelo, were ushers.
The bride attended Stamford High School and graduated from Tarleton
State University with a bachelor’s degree in Exercise & Sport studies. She
is employed by Grape Creek LS.D.
The bridegroom attended Wall High School and attends Angelo State
University.
The couple will reside in San Angelo. , .
We love You
Very Much,
Mommy and Daddy
Stamford American, Thursday, July 10,1997, Page 3
Our CD Rales
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"Servian Stamford urea families for over M vearv"
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Cook, Angie. Stamford American (Stamford, Tex.), Vol. 76, No. 16, Ed. 1 Thursday, July 10, 1997, newspaper, July 10, 1997; Stamford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1186877/m1/3/: accessed July 12, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Stamford Carnegie Library.