The University of Maine DigitalCommons@UMaine Maine Campus Archives University of Maine Publications Spring 2-18-1982 Maine Campus February 18 1982 Maine Campus Staff Follow this and additional works at: https://digitalcommons.library.umaine.edu/mainecampus Repository Citation Staff, Maine Campus, "Maine Campus February 18 1982" (1982). Maine Campus Archives. 1201. https://digitalcommons.library.umaine.edu/mainecampus/1201 This Other is brought to you for free and open access by DigitalCommons@UMaine. It has been accepted for inclusion in Maine Campus Archives by an authorized administrator of DigitalCommons@UMaine. For more information, please contact [email protected]. Winter carnival gets underway this weekend by buses leaving from by fim Rice "and the snow sculpture contest has $S apiece Just so we can get the hill provided sheet, behind Nutting at 9:30 a.m, and noon. Staff Writer always been an important event." ready. Every bed has a sponsor least $500 for Lucy said,' The weather has been The SEA-sponsored Chuck Berry and we hope to raise at The annual UMO Winter Carnival is the United Way. Our little sisters beautiful. and I just hope it holds out. set to take off this weekend, and the concert will kick off the weekend have been collecting the money and It's not uncommon for us to campus community is gearing up to Friday at 8:00 p.m., with the sculpture judge will help in the actual running of the snow sculptures in the rain." make it the most successful ever. judging scheduled for Saturday from event." "I'm excited about this year's 'We've had a lot of interest." said 10:00 a.m, to noon. The Winter The School of Forest Resources is carnival. SEA, Panhellenic, the David Kristofferson of Alpha Tau Carnival games will be held on the also holding their annual Carnival this Inter-dorm Board and the Omega. "More dorms have signed up mall from noon to 3:00 p.m., with the Fraternity weekend, and are sponsoring a free Board are all involved. It's an than in recent years. Even the cabins Alpha Gamma Rho bed race following folk and square dance in the lobby of across-the-board effort this year," sent in a sketch for the snow from 3:00 to 5:00 p.m. Nutting Hall from 8-12:00 p.m. On Lucy said, "and that s the way it sculptures." "We expect coverage by the local Sunday a fishing derby will get should be.•' "The Winter Carnival is a pretty old news media will be extensive," said Bob Lattanzi of Alpha Gam. "We underway at Pushaw Lake. Prizes wil tradition on this campus," said Dean be awarded, and transportation will be of Student Activities William Lucy, have 50 beds entered and are charging The University of Maine at Orono the daily student newspaper aine since 1875 am us Thursday, Feb. 18, 1982 vol. 90 no 23 Feelings mixed about retirement accounts by Ciretchen Piston Staff Writer the age of 59 and one-half without substantial penalty and one must begin "The Opportunity for a Lifetime," taking money from the account at the reads the Merrill Family of Banks' age of 70 and one-half. promotional folder on their Individual "Frankly I think they stink," said Retirement Accounts(IRA's). Tom Stanley, assistant professor of Under the new (as of 1981) tax law, finance at UMO. of the Internal Revenue section 403b Stanley said, "The real problem with all persons are eligible to Service code, the IRA's is that there is no liquidity. establish IRA, provided they receive an In other words, your money is locked compensation for employment. up for a substantial period of time and An IRA is a plan under which one if you should need to withdraw it, you for retirement. The can save money are heavily penalized. plan is tax which means no deferred, "Say for example, a young couple taxes are paid on the money until the wants to buy a house in five years. time it is withdrawn from the IRA They contribute $2,000 each per year account. One can invest up to 100 for the five years at an interest rate of percent of his yearly income, or $2,000 about 13 percent and at the end of five less) per an IRA. (whichever is year, in years have an accumulated sum of A person cannot withdraw money from his IRA account until he reaches (see Area banks pt. 3) Arline K. Thomson was on hand sesterdas to witness the opening of her exhibit. "Elizabethan London, 'AI -- sketches of the cits," displased in the Hole- In Chancellor's office ,in-the-% all Callers in the Memorial Union.(Pike photo Senior executives receive benefits Fraternity would he reduced by the amount of along with the seven JoAnn Park, hanccllors. any scholarship the student should are Staff Writer presidents of the campuses receive. elections held eligible for this life insurance." Irene members Senior executives at the chancellor's Noyes, director of employee benefits. Not all senior executive allowance. This Gam- office receive a benefits package while said. receive the housing Peter Hoefele of Alpha other members of the chancellor'sstaff allowance is given to the presidents of ma Rho was elected Tuesday The do not receive these benefits. Associate Vice Chancellor for Em- each campus and the chancellor. night as Fraternity Board presi- this Senior executives Chancellor Pat- ployee Relations Samuel D'Amico two vice chancellors do not receive dent for the coming year. rick McCarthy, Vice Chancellor for said, senior executives receive health benefit. Hoefele. who is currently first Academic Affairs Robert Binswanger insurance. the university pays me vice president for the Fraternity Senior executive officers within two and Vice Chancellor for Administra- premium for the employee. The Board, will assume office March years of their retirement may desig- tion and Treasurer William Sullivan employee's dependents are covered 1. a portion of a salary increase, up receive a variety of benefits that staff is split. nate Hoefele. who ran unopposed. but the cost $2,000 per year. lobe members Associate Vice Chancellor to a maximum of said the races for both vice-pres- applied to a retirement account. A Mary Haas, Controller Russell Smith. Noyes .said."The university pays idents, secretary, and treasurer formal notification of intention to Associate Vice Chancellor for Emplo- half of the health insurance premium were "very close." He said retire must be made inadvance in yee Relations Samuel D'Amico, Direc- for all employees. The chancellor's over 400 votes were registered order for this benefit to be available. tor of Labor Relations Joseph Stupak five children are covered by this. but by fraternity members. The university will then match the are not eligible for. he pays $33 a month for their coverate. The position of first vice amount. The Board of Trustees approved the And there is no dental insurance." president was won by Andrew senior executive benefit package in D•Amico said. "As for vacation time Frawley of Beta Theta Pi; the their Dec. 1979 meeting. The package As a part of the package the senior there is no written policy. They position of second vice president includes life insurance, a tuition executives have a tuition matching (executive officers) receive 20 paid was won by John Shroeter of matching plan, a retirement plan and plan for their dependents. The plan days off a year. Even though most of Delta Tau Delta; the office of a housing allowance. provides a 50 percent matching of them are too busy to take them." secretary was won by Andy other than The life insurance is determined at tuition costs at institutions Noyes said the chancellor does have Sawyer of Sigma Chi: and the to the twice the persons base salary, with the the University of Maine up a university vehicle, but the university office of treasurer was won by university charges for university paying 100 percent of the amount the pays the expenses only when the Mark Butler of Alpha Tau tuition. This program premiums. out-of-state chancellor is on university business. Omega. pocket" costs and "Only the chancellor and hvo vice covers "out of 2 Maine Campus Thursdav, February 18, 1982 Peer Sexuality Program boasts Today's .rtilyea new informational switchboard (continued from i $20,000 plus in by Ed Manzi counselor in Peer Sexuality. He Weather withdraw the mot Staff Writer said the program is needed on fhursday, Feb. 18 59 and one-half, campus because a lot of Members of the Orono ascum unit will taxes on the II Abortion, birth control and students aren't aware of their meet II:30-1:00p.m. and 4:30-600 invested plus the V.D. are just some of the topics own sexuality. He said the most Sunny today, high in the 'p.m. to discuss recent contract addition, they mu students can get information on unique experience he's had in teens. Mostly clear tonight. low negotiations. Members and those their earnings for by calling the Peer Sexuality Peer Sexuality was the "men c‘ below to 5 above zero. Partly eligible are invited. North Lawn room, them in a higher switchboard. sharing" program conducted in sunny Friday. High in the 20's. Memorial Union. they are penali "People can call in the Kennebeck Hall last semester. withdrawal, so evening and ask for information Susan Oliver, a forestry-wild The Office of the Dean ofstudent interest they earn( ranging from abortions to vasec- life major, also from Hancock Affairs will sponsor a child-care them.