THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Saturday, April 15, 1995 TAG: 9504130013
SECTION: FRONT PAGE: A6 EDITION: FINAL
TYPE: Letter
LENGTH: Short : 37 lines
What if:
A lady, with a good reputation, owes a large amount of money to a considerable number of people?
A gentleman, interested in winning the hand of this lady in marriage, asks these people to effect the match in return for a promise to recover these sums of money?
After the wedding, the couple decides they will pay these people only 76.54 percent of what is legally owed to them and, if they accept this offer, it will be spread over five annual installments?
After agreeing to this lesser amount, which most people I am sure would assume to be a promise of equal installments, a large majority of those concerned receive only 10.8 percent the first year with no assurance that succeeding payments will equal even that amount?
Well, I welcome you to Governor Allen's Federal Retiree Tax Settlement Plan.
As for the statement (Jack Dorsey column on the Virginia federal-retiree-pension-tax settlement, April 10) by Dianne Lee, whoever she may be, that a number (100,000?) of us federal retirees come up a little short in reading comprehension and are confused about the whole issue, I will concede the part about being confused. The confusion stems from loss of integrity in the Allen administration. I will remember this in upcoming elections.
T. J. COLLINS
Chesapeake, April 10, 1995 by CNB