Historical Newspapers of South Carolina

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New R Clinton Mills recently presented to all employees an audio-visual program explaining the provisions of the Clinton Mills, Inc. Retirement Plan, which is a npw nen?;inn nlan for hourlv ->aid em ployees. The pension plan, a new and better way to provide definite retirement benefits, is designed to add monthly income to an employee's social security at retirement. ^ CLINTON ' MILLS May 1981 Through The Bailey Foundat Seventeen Api Bailey Scholai Seventeen sons and daughters of Clinton Mills, Inc., its divisions and subsidiaries, and M. S. Bailey and Son, Bankers have applied for educational scholarships and/or loans through the Bailey Foundation, accordingtoVice President Claude A. Crocker, Administrator of the Foundation. Nine of the sixteen applicants are 1981 graduating seniors of Clinton High School. These students, along with their parents' names, are Deryl Craven, daughter of Mr. and Mrs. Norman Craven; Wendy Crawford. Mr. and Mrs. Mike Crawford; Michael Culbertson, Mr. and Mrs. Preston Culbertson; Holly Dickert, Mr. and Mrs. Harvey Dickert; Melissa Ficklin, Mr. and Mrs. D. D. Ficklin; Susan Fuller, Mr. and Mrs. Robert Fuller; Lisa Hill, Mr. and Mrs. Bill Hill; Deborah McCall, Mr. and Mrs. Joe McCall; and Melody Satterfleld. Mr. and Mrs. Garel Satterfield. Ernies Anderson, son of Mr. and Mrs. F. L. ? ? -c 4. Aa^Vl Springtime arrived officially in Clinton in March with a tremendous display of dogwood blooms. The grounds around Clinton Mills were no etiremer Employees who were participants in me rrom onarmg rceuremem nan Defore January 1, 1981, will have a third source of income from their Profit Sharing Account. Before changing from the Profit Sharing Plan to the Pension Plan, retirement benefits for employees were funded entirely from profit sharing, a program that had been in effect since 1966. Each eligible employee will have a TOW ion ply For rships Anderson, is also a 1980 graduate applying for educational assistance through the Bailey Foundation. Other applicants include Thornwell senior. Mac Stewart, son of Mr. and Mrs. Angus Stewart. Clinton Mills of Geneva (Alabama) has three applicants. They are Franklin Seay, son of Mr. and Mrs. Franklin Seay. Melissa Busby, daughter of Mr. and Mrs. William Judah, and Kevin Hancock, son of Mr. and Mrs. Herman Hancock. Two applicants from Elastic Fabrics of America, Daniel O'Connor, son of Mr and Mrs. Joe O'Connor, and David Ramsey, son of Mr. and Mrs. John Ramsey, along with David Rykard. son of Mr. and Mrs. David S. Rykard of Mid-America Yarn Mills. Inc. joined other students in scholarship and or loan competition. The Bailey Foundation's three college scholarships are valued at $8,000 each and interest free loans at $7,000 each. k'Aj . v' ' >-s v*.' > sv v' ^ -i ^K t" j^|MK JJ exception and the Ciothmaker photographs captured Plant No. 1 Weaving employee Sylvia Saunders as she admired one of many Clinton Mills dogwoods in full bloom. it Plan D guaranteed retirement benefit based on the time worked for Clinton and earnings during that time. Under the new retirement plan, normal retirement is age sixty-five with 10 years of nualifvinp <;pr\/irp An pmnlnvpp ran 1 y o retire before reaching age 65 provided he or she is age 55 and has worked for Clinton 10 or more continuous years. If early retirement is chosen, however, benefits LLOTHM ^ By and ^ - >% Br Todd Davenport Davenport And m. m m m^. Namea 10 boys Todd Davenport, son of Pl3nt No. 2 Mane ger and Mrs. Ted Davenport and Ala Kinard. a Plant No. 1 Spinning employee have been named as Clinton Mills delegate to Palmetto Boys' State which will be held i the Citadel June 7-13. The young men. both rising seniors . Clinton High School, were recommended c the basis of academic achievement, partic pation in extra curricular activities, and i terest in attending the function Boys' State, sponsored anually in c Marty Satterfield Named Plant No. 2 Weaving Assistant Superintendent Marty Satterfield has been promoted fro Manufacturing Management Trainee Second Shift Assistant Weaving Superinte dent, Plant No. 2 He is a graduate of Presbyterian Colle and has been employed by the Compa since August of 1979. etails will be reduced. A summary plan description will soon be distributed to all employees outlining the specifics of the plan. Clinton Mills pays the entire cost of the plan. Although employees contribute nothing from their paycheck, the Company recognizes that each individual contribu tion is substantial through the continued loyalty and good work. AKERl For Employees of Clinton Mills BMi jm m, " MSWv i - 'M i r > Alan Kinard Kinnrri m ' State i- operation with the American Legion, is in n effect, a convention for training the young ?, men of South Carolina for their future re is sponsibiIity as leaders in government in the 3t state During the week long activities. Davenport and Kmard will join with delegates from high at schools throughout South Carolina who have >n demonstrated leadership in their own com:i munities. n- Farh riplpoatp will rprpiup p*tpn^iwp train ing in the democratic principle of governo ment. ge ^ if k:X ny t 1 _ \ \ ' >4 Marty Satterfield