Omaha daily bee., 1903-02-09
UNION PACIFIC PENSIONS
Rules and Regulations to Govern the Pay
msnt Of Same.
WHAT sUPERANNUATEO EMPLOYEES GET
One Per Cent of the Average Monthly
salary for Last Ten Years TO he
Allowed for Each Year
of Service.

weeks ago that the Union Pacific directors
had decided to adopt a pension system for
superannuated employees much speculation
has been INDUCED among the men en-
ployed by .he company as to the exact
terms under which the system would be
inaugurated. Every inquiry at local head
quarters has met with a refusal to disclose
anything more defDite than the mere fact
that a pension system has been adopted.
On other roads elaborate rules and regu-
lations for the government OF the pension
board have been adopted, and it IS pre-
sumed hat such is the case with the Union
Pacific. All efforts to receive any inkling
as to the nature of these rules have failed.
In the last number OF the Railway Age OF
Chicago is published the rules and regula-
tions Of the pension department Of the
Southern Pacific. AS that road and the
Union Pacific are both owned by the same
company It is not at all unlikely that the
pension boards OF both systems will be
governed practically the same. The South
ern Pacific pension rules and regulations
are;
1. The administration of the pension de-
partment shall be by a board of officers, to
be known as the board of pensions, whose
board snail snail p nnti n oS Hnn Eran ordeTed. S Sonl
sist of the following officers of the COM
pany; Assistant to president. manager
Pacific system, engineer maintenance OF
way, general superintendent motive power,
auditor, chief counsel, chief surgeon.
z. The board OF pensions shall, subject TO
the approval of the president, have power
to make and enforce rules and regulations
for the efficient operation of the pension
department.; to determine the eligibility of
employees to receive pension allowances; to
nix the amount of such allowances, ana to
prescribe the conditions under which such
8. The benefits of the pension system will
apply only to those persons who have been
required to give their entire time to South
ern Pacific company or to that company
and some other railroad company or COM
panIes jointly. In case of such joint en-
ployment the board of pensions shall de-
eide the amount of the employees monthly
pay that shall be used in determining the
4. (a) All officers and employees who have
attained the age of 20 years shall be re-
tired.
Such Of them as have been twenty years
In the service shall be ~pensioned.
lbl locomotive engineers and tremen,
baggagemen, yardmasters, switchmen,
bridge foremen, section foremen and road
masters, who have attained the age of IS
Such of them as nave been twenty years
in the service shall be pensioned when re-
tired.
(c) Omcers and employees between 81 and
20 years OF age who have been twenty years
in the service and who have become inca
pacitated, may be retired and ~peneioned.
In case an employe between 81 and 20
years of age claims that he is, or should
his employing officer consider him inca
pacitated for further service, he may make
application or be recommended for retire.
ment, and the board of pensions shall de-
termine whether or not he shall be retired
from the service.
Physical examination will be made of en-
ployeS for retirement who
are under 20 years of age, and a report
thereof with the recommendation of the
chief surgeon shall be transmitted TO the
board of pensions for consideration In de-
termining such cases.
D. Retirement shall be made effective from
the first day of the calendar month follow
ing that in which the person shall have at
tanned the specified age, or from the first
day of a calendar month TO be determined
6. The terms Service" and 'in the serv-
Ice will refer to employment upon or in
| connection with any of the railways form
ing the Souther Pacific company and the
service of any emplcye shall be considered
as continuous from the date from which he
has been continuously employed upon such
| railways, whether prior or subsequent to
their acquisition by the Southern Pacific
4. In computing service it shall be reck-
oned from the date since which the person
has been continuously in the service, to the
date when retired, eliminating In the final
result any fractional part of a month.
Leave of absence, suspension, dismissal
followed by reinstatement within one year,
or temporary lay-on on account of reduc-
ton of force, when unattended by other
employment, is not to be considered as a
break I'm the continuity of service.
Persons who leave the service thereby re-
linquish all claims to the benefits of PEN
sion allowances.
s. THE pension allowances authorized are
upon the following basis:
For each year of service, an allowance of
1 per cent of the average regular monthly
pay received for the ten years preceding
retirement. Thus, If an employe has been
In the service Tor forty years and his aver
age salary or wages for the last ten years
was S75 per month, his pension
would be 40 per cent of $40, or $50 per
9, The sum of 100000 is hereby set apart
as a pension fund; in addition to which
the company will in each year make a fur
Their appropriation, If necessary, Of an
amount not to exceed 500. 600 in payment OF
pension allowances for such year.
Whenever IL shall be found that the basis
Of pension allowances shall create, demands
In excess of interest on the 100000 and an
annual appropriation OF $4,000, and as often
as such condition may arise, In the abb
sence OF any action by the board of direc-
tors increasing the yearly amount disable
for pensions, a new basis ratably reducing
the pension allowances may be established
to bring the expenditures within the limit
of the fund, and the decision of the board
of directors I'm establishing such new basis
shall be absolutely conclusive.
Notice Of any such change OF rate shall
year in which the change shall become eff
fective.
thorized, pursuant to these regulations,
they shall be paid monthly during the life
Of the o6 6eneheia mgy P Ri3TTbined' h 10 6Tew that hat
in all cases of gross misconduct.
II. In aymen of pension allowances a
payroll showing the names of those TO
whom allowances have been made, and the
amount of such allowances, shall be pre-
pared at the close of each month by the
secretary of the board OF pensions, certi-
fed to by him and approved by the chair
man of the board, then forwarded to the
auditor, who will. after verification and
registry, send it through the usual cham
nels for payment.
u. Ia shall be the duty OF every employ
ing officer to report at once to the secre-
tary OF the board Of pensions all employees
who in January, February and March, 1903,
shall have attained the age of 20 years, and
of those employees specified in rule 4, sec
tion (b), who shall have attained the age OF
65 years; and thereafter, at least TIN ee
ment, all employees about TO attain the
requisite age for consideration for pension
allowance.
l2. The secretary of the board of pensions
must keep himself advised of the where
abouts of pensioned employees, and shall
require satisfactory evidence from each OF
such employees, at least once a year and
oftener If necessary, showing that he Is en-
titled 70 the pension allowance. 1t shall
also be the duty of any official who may
notice or receive any advice OF gross mis-
conduct on the part of any pensioned EN-
ploye TO promptly notify the secretary OF
the board OF pensions in relation thereto
who will report the circumstances to the
board Of pensions.
Il. In order to preserve direct personal
relations between the company and its re-
tired employees, and that they may con.
tinue 10 enjoy the benefit OF the pension
system. no assignment of pensions will be
permitted or recognized.