William Penn Life, 1982 (17. évfolyam, 1-4. szám)
1982-01-01 / 1. szám
Jubilee Dinner Commemorates Merger . . (Continued from Page 1) Eleanor Paczko, Secretary ana Mr. Paczko; Mrs. Vayda, Vice President and Mr. Szahacs, Treasurer. Former Director, Andrew Koleszar and Mrs. Koleszar of Bridgeport, Conn, and former Director Frank Plolzbar and Mrs. Holzbar. Nicholas Dengl, O.F.M., Spiritual Advisor and Editor of Katolikus Magyarok Vasárnapja. Also all former delegates were recognized. From the William Penn Association, the following were introduced: Mr. Elmer Charles, National President; Mr. John P. Balia, National Vice-President and Mrs. Balia; Mr. Louis L. Varga, National Vice- President and Mrs. Varga; National Secretary-Treasurer, Gus G. Nagy and Mrs. Nagy; Retired National Secretary, Albert J. Stelkovics and Mrs. Stelkovics; Director and Mrs. Stephen Danko, Detroit; Director and Mrs. Albert G. Kertesz, Dayton, The most important question to ask yourself is whether you want to continue to depend only on the government and its ill-conceived Social Security system to fund your retirement—or whether you would rather do it yourself. Some important reminders: 1. Effective 1982, you could contribute up to $2000 each year. 2. If your spouse doesn't work and thus isn't eligible for an IRA on his or her own, you can contribute up to $2,250 starting in 1982, and split it however you choose as long as no more than $2000 is contributed into either account. If your spouse is employed, he or she can set up a separate IRA for up to $2000. 3. The benefits of an IRA are that your contribution is tax de-Ohio; Director and Mrs. William C. Kohut, Munhall, Pa.; Director and Mrs. John Sabo, McKeesport, Pa.; Mrs. Violet Lenart, Auditing Committee Member. Father John Nyeste, Pastor of St. Elizabeth's Church also Rev. and Mrs. Stephen Szabó, Pastor of the Flungarian Reformed Church, Cleveland, Ohio. Following the fine dinner, during which Rabb Jóska provided excellent music and entertainment, there was a short speaking program. Toastmaster Lesco first called upon Mr. Louis L. Varga, who briefly outlined the merger negotiations and the culmination of same. He recalled that his father, Steve Varga, had served as President of the St. László Society in Bridgeport, Conn., which later merged with the Cleveland St. István Society to form the A.H.C.S. in 1942. He pointed out that there was a need for a large Hungarian Fraternal Society today much the ductible and your interest earnings accumulate tax free. 4. You can withdraw principle on earnings anytime after you reach age 59/4 without penalty from your IRA even if you are still employed. Withdrawals will be taxed as ordinary income. If you become permanently disabled, however, you can withdraw the fund early without penalty. 5. Should your death occur prior to retirement, the present value of the annuity fund will be paid to your beneficiary. William Penn has the plan, the Federal Government provides the incentive and you will have the need for more money at retirement time. Call or write for complete details or contact the William Penn representative nearest you. We want your IRA business. same as there was a need 80-90 years ago except that todays needs are different and the William Penn is ready to provide these needs to its members. Mr. Stephen Zelle then spoke on the history of St. László Egylet and A.H.C.S.; he and his fellow officers and Directors are happy and pleased to continue these Hungarian Fraternal activities through the William Penn. He offers several historic documents for the William Penn Archives. Father Nicholas Dengl speaks of the dream of Msgr. Boehm, whose dream it was to have a Hungarian Catholic Church, Fraternal Society and a Hungarian Newspaper, all three we have and he expresses the fervent hope that William Penn will continue to support this need and bring all Hungarians together. The principle speaker was Mr. Elmer Charles who detailed the need for one large Hungarian Fraternal Society in order for the Hungarians in America to have a strong voice in the U.S.A. He assures Father Dengl that the William Penn will most certainly support the Hungarian Churches, regardless of denomination, will support the Hungarian Press and those of Hungarian descent with adequate needs for youth programs, care for the elderly and activities and financial programs for all its members, young, middle aged and elderly. He closed by saying we do not want to have to say what the prophet Jeremiah said: “The elderly have disappeared from the City Gates and youth has stopped singing.” The program was closed with benediction by Rev. Stephen Szabó. Toastmaster Lesco thanked all who helped make this day a success. rm I would like further information on the IRA. Name Address, Phone Call Day Or Night, 3 '
