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Business Semi Employee Ben Recognizing a renewed interest among individuals to save for retirement, employers are taking a closer look at employee benefit nrnprams arrnrHincr fn a IT^r1 I O 1 M seminar leader. "Employers are investigating what retirement programs are available and how to structure a plan most suited to the needs of the employer and employees," said Rocky Menge, an account executive with E.F. Hutton who will be leading a USC seminar May 4 on benefit programs for small businesses. The USC Small Business Development n i : ?MI L t i ? v^cmci seminal, wmuii cosis win oe neia from 7-10 p.m. in Room 801-H at the USC College of Business Administration. In the past, Menge noted, many employers quickly adopted prototype investment plans developed by banks to meet new laws under the Employee Retirement Income Security Act. Such plans were designed to accommodate the law ? not the needs of individual companies. Employers were attracted to the ease of implementing readymade plans, and they were convinced that the safety of their dollars in these traditional accounts was more important than growth of planned assets. "Employers now realize that employees are less than enthusiastic when told their retirement plan is invested in a safe, conservative manner but is losing money. Several companies have suspended their retirement plans altogether due to employee suits over poor performance," Menge said. "An employer should review the benefit plan to see it if still meets the needs of the company and employees and is performing well," Menge said. If a small business employer decides to consider a professional money manager to I " COUNSELING AND HUN DEVELOPMENT CENTE S "The Counseling Servic for USC students " 1 COUNSELING * A' -Individual A* -Group c( -Marital -Couples HBB& JsBBf * PERSONAL ^HpF INTERPERSONAL ^ *EFF SOCIAL CONCERNS RE/ Pendleton Building 1321 Pendleton Street ; 777-5223 I Confidential Assistance TIME TO PREP ????3ta]2M MjmPMH VidUllt'jBt Educational Center 2231 OEVIT TEST PREPARATION COLUMBIA, SPECIALISTS SINCE 1938 PHONE (80 For Information About Other Centers In More Than 85 US Cities & Abroad Outside NY State nar To Review efit Programs help improve retirement investments, he should realize that millions of dollars are not necessary to acquire such services. Managers can be found for plans as small as Sftt ooo "The important thing to remember when picking a money manager for your plan is to set investment objectives and then find a money manager who has a philosophy that closely mirrors your goals," Menge advised. Keogh plans, designed for the selfemployed, previously enabled investors to contribute 15 percent of their earnings or $7,500 annually, whichever was less, into a retirement account. The annual contribution limits have been raised to 15 percent of earnings or $15,000, all of which is tax deductible. As a result, self-employed individuals earning more than $50,000 are able to save more for retirement than ever before, Menge said. Assets comriDuied to Keogn Plans are allowed to grow tax-free. Taxes are paid when funds are withdrawn ? usually at retirement when a person's tax bracket is lower. Withdrawals may not begin until the age 59 1/2 and must begin by 70 1/2. They can be spread over a person's life expectancy to keep assets advancing tax-free. Employers establishing Keogh Plans for themselves also must establish them for their full-time employees, Menge noted. Contributions made to employees' accounts must be the same percentage of earnings as that contributed by the employer to his Keogh plan. T/v I 1 r At - iu cdsc uie uuruen 01 mis requirement, however, the new legislation raises the base on which the contribution is calculated from $100,000 to $200,000. )e I rrtncr/iir ^ f~\ ' v 11 V_ J M . ^ -y- . f - V - -;T^^nf K~JT^ IMPROVK 9 TECHNIQUES SK9gMffl \D1NG :mm |MwW & WB HMMffl LL Hi ARE. HH iings & Weekends ; . '" / Illll IIIIIWIWMiMBMKWB Hotels Fillii On the weekend of May 15, many families will arrive in Columbia for USC commencement exercises. What many students don't realize is that hotel rooms are filling up fast. If parents, g^pecially na>?nntr> /-? C 4 pai Cllld UL UUl-Ul"5ltf IC students, are planning to stay overnight after graduation ceremonies, they better make reservations now. For example, The Holiday Inn city center on Assembly Street is already solidly booked. Here is a list of Read The Game< ? ^ I Sal 6SU" The Bi Chicke IRee Bas jp Expires: 4-27-82 rWSJTSWSFl Emgmmjai fflTCTvi |VajT| J ^ 1 m TiJlii M HI ft 11 Graduation The Townhouse, 1615 Gervais St., $36, $4. In addition, many hotels within five miles of campus, either near Columbia Metropolitan Airport or off Interstate 26, have spaces available. Here is a list of some of thp nnps rlnco rig Up For < hotels within 10 blocks of campus and their prices for r% PflWrtl a i*>< 4 r? a auigic i win wiiii n uuuuic bed and the cost for each additional person. Capital Inn, 1901 Assembly St., $30, $3. The Carolina Inn, 937 Assembly St., $46, $6. The Downtowner, 1301 Main St., $26, double room $30. Golden Eagle Motor Inn, 2025 Main St., $36.40, $5. Heart of Columbia, 1011 Assembly St., $30. $4. :ock, Dr Else! Mon.-Fri. 7:00am-1:00am^ i. I 1:00am-1 2:00 midnight ^ 77 I*4455 g Bird _ :n Filet .. M with ' coupon j | $1.85 i ? ^ ' ggj campus: Best Western Airport Inn, 1-26 and Highway 302, West Columbia, $36, $3. Days Inn, 1-26 and Airport Road, W l st Columbia, $25.88 $4. Holiday Inn, 1-26 and US 1, West Columbia, $42, $7. Ramada Inn, 1-26 and US 378, West Columbia, $44, $6. Tremont Motor Inn, 111 Knox Abbot Drive, Cayce, $31.ii0, $3.64. ' aoA IQNCy, CORHIll ARST PHAR)K(Y7A <?=&- PHONE 799 ?59fo V .UMItH A ?>< Mill HON SIS r?)lllMHl*.S > , OPEN 7AM- 9PM WE CASH CHECKS Three Locations To Serve Y^'? I Cornell Arms 945 Sumter St. 799-1 596 Kilbourne Rd. Pharmacy 600 Kilbourne Rd. - 254-4619 Millwood Ave. Pharmacy 2716 Millwood Ave. 256-748 I BEER AND WINE SPECIALS MILLER BOTTLES $2.69 BLACK LABEL $2.09 BUSCH $2.49 I MATEUS ROSE' $4.25 L KREUSCH LIEBFRAUMILCH * 3 * j .jzr DRAGONE LAMBRUSCO ?$3.09 BUDWEISER LIGHT $3.19 I LOW EVERYDAY PRICES ! ON ALL PHOTO FINISHING I 2 exp. color print 20 exp. color print 24 exp. color print WW V.WIUI pi Kll 10% OFF ALL SUNTAN PRODUCTS 25% OFF ALL SUNGLASSES WE CASH CHECKS bPEN7AM-9PM "ffwgy. ^ \ CQRNm ARMS PHARMACY /V ^^F=S " OHONt 799 159o 'J S| iM f f ft ft ?'f M >1 I '? ' s S * S s '