European Stars And Stripes (Newspaper) - February 27, 1981, Darmstadt, Hesse                                Page 4 the stars and stripes february pensions Washington is a presiden tial commission thursday recommended major changes in the american pension sys including setting up a mandatory privately financed pension fund to supplement social Security under the proposed workers commission recommends Federal government establish new privately financed retirement fund would be Able to accumulate benefits even after changing but even before the report was officially it was drawing criticism from the National association of several of the commissioners themselves raised concerns about establish ing a new federally mandated the heart of the 131page report from the presidents commission on pension pol icy was a recommendation that the Federal government set up a minimum Universal pension known by its Don a University of Utah heart shows off his pet project a calf named who was heart after heart first Given an artificial heart and now has had it replaced with the natural heart of his Olsen Hopes that human patients May someday receive artificial hearts while awaiting a suitable human heart a photo cop says movies revived traditions godfather7 had an impact7 on mobs Washington up younger members of the crime Syndicate were so impressed with the godfather movies that they revived old traditions such As kiss ing the hands of senior family a mafia infiltrator said undercover policeman Robert Delaney told a Senate investigating subcommittee thai one night while he was dining with Joe Adonis son of the famed Adonis gave the waiter a pocketful of quarters and told him to play the Juke Box continuously and to play the same the theme music from the All through we listened to the same Over and the testimony of a new Jersey state policeman who posed for years As head of a bogus trucking company that served As a mob highlighted the fifth Day of subcommittee hearings on the inner Workings of crime families operating at Jer sey the movies godfather i and ii have had in Impact on these crime said who was chosen for the undercover role because he is single and sounds like a some of the members and associates would inquire of had i seen the movie i said they would reply that they seen it three and four one Young Man said hed seen it 10 Delaney also testified that crime families often work together and Are not nearly As highly structured As the Media and popular writers have portrayed them they will not let family jealousies get in the Way of except in extreme mobsters do not have to resort to Vio Lence often because threats alone will do the organized criminals like these have benefited from the publicity they receive from the Giacomo Jackie a Mem Ber of the Anglo Bruno had his wife go on welfare while he was in she didst deserve welfare because sufficient Money was coming in from jackies criminal it was typical of that he would have her on he wanted to collect on every the subcommittee has focused this week on the exploits of 40yearold new Jersey docks Boss Tino so feared that underlings would not even mention his serving prison terms totalling 25 was scheduled to appear before the War Cut open output new York a the War Between Iran and Iraq was a major Factor in a drop of 4 million barrels a Day in Oil output in 1980 by the organization of Petroleum exporting a Trade publication subcommittee along with organized crime figures Russell Thomas i Bella Michael Clemente and Anthony Thomas Teddy presi Dent of the International longshoremen also was the Fiumara Crew was very much into Delaney they followed the old they greeted one another by kissing on the he said Fiumara loyalists would kiss the hands of senior family i also saw these practices performed by younger family members and associates who were going through a kind of revival of old time criminal Delaney was the key figure in a 2viyear undercover police operation known As project backed by million in Federal he was president of the bogus Alamo transportation which made itself Avail Able to extortion from two branches of new Yorks Vito Genovese crime family and one Branch of Philadelphia Angelo Bruno the company slogan when it comes to remember the Ala Tino was seen As a Upland coming mob Delaney he enjoyed a reputation for Success and ruthless Ness and he was rumoured to have murdered several men in singularly brutal fashion one by strangling him with piano the according to the would be phased in Over three years and would be funded by contributions of employers who would set aside a minimum of 3 percent of it would cover allem Plo yees Over age 25 with one full year of and in the first year would Cost businesses and individuals after being softened by proposed tax cuts amounting to the report called for employers to be Given a tax credit of 46 percent of their actual contribution to the system or one of up to 3 percent of their the contribution would be placed in retirement in come plans that meet Federal qualifications or employers would have the option of transferring their contributions to a Central maps the commission recommended that the benefits should be portable that carry Over after a worker switches to achieve the commission suggested set Ting up a portability Clearinghouse for pension records within the social Security the report of the 11member commis which was set up in 1979 by former president Carter to address the growing funding problems and inequities of retire ment income also recommended increasing retirement for social Secu Rity the panel suggested increasing the Normal retirement age from 65 to a move that would be phased in Over a 12 year period beginning in increases in the retirement age for private plans would be on a voluntary it in it recommended changes in the tax Laws to encourage individuals to save for their after a presentation thursday before the House select committee on the commissions proposals went to Congress for evaluation and possible in a statement prepared for delivery be fore the House commission chairman Peter the proposals of the commission Are designed to assure that today retirees and tomorrows elderly Are Able to maintain a reasonably High Stan Dard of living in their later who is chairman of Xerox pointed out that the study showed that less than half the workers in the private sector participate in a pension we have a Brief window of Opportunity to Deal with the serious problems of our pension he if we fail to act we will face a badly deteriorating commissioner William Greenough wrote in the report that he would favor continued voluntary Effort to develop pension coverage through private pension these he said would include simplifications in the pension especially for Small and a More precise targeting of groups that need Protection beyond social earlier vesting in present plans and a carefully targeted tax policy that would Combine tax credits and incentives for Lowe income workers and deferring taxes on employee contributions to retirement Claudia who handles pension policy matters for the National association of said the establishment of a government run Universal pension system would undermine existing private pension set up unreasonable eligibility and pension Levels and Lead to the creation of unresponsive and irresponsible government bureaucracy at the time a new with the full support of the american is trying to Cut Back on excessive regulation and red Vine also said the commissions recommendations would take away the right of the nations private employers to voluntarily establish and operate their own retire ment programs tailored to their own re sources and Exen Voy to France Dies a Amory Houghton chairman emeritus of Corning Glass works and a former Ambas Sador to has died at the Hospital of the medical University of South