The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-01-30
A,C,L,PENSIONS
TO START FEB. |
LIMIT OF SERVICE 10 YEARS.
CERTAIN CLASSES or EMPLOYEES
MAY BE RETIRED SOONER.

=
salary Earned for Ten Yenrs-Per-
sons who Arc over 81 Years OLD
mud who Have become Incapnci-
tnted May he PensiOned If i'm Em-
rIoyment of Road Ten Years Pre-
Nious TO Retirement.
The Atlantic Coast Line will establish
its pension department Monday. It's
Headquarters will be at Wilmington
n. c.. and il will be conducted by a
hoard of officers to be known as the
Board of Pensions This board now
consists of DR.. G. G. Thomas ]. >.
Chambers, r. L. Smith, Z. b. peasants
and H. c. Prince.
The regulations of the department
prescribe that the benefits of the pen
sion system shall apply only to those
persons who have been required to give
their entire time to the Atlantic Coast
Line Railroad Company, or to that COM
lanv and some other company jointly.
In case of such joint employment the
BOARD of Pensions shall decide the
amount of the employees monthly pay
that shall be used in determining the
monthly pension allowance.
All officers and employees who have
attained the age of seventy years shall
be retired and such of them as have
been ten years in the service shall be
pensioned. Locomotive engineers and
firemen, conductors, flagmen, brake
men. yard masters. switchmen, bridge
foremen, section foremen and super
visors who have attained the age OF
sixty five years may be retired, and
such of them as have been ten years in
the service shall be pensioned when re-
tired.
Incapacitated Men May Retire
Officers and employees between 81 and
20 years old, who have been ten years
in the service and who have become
incapacitated for further service, may
be retired and pensioned. In case an
employe between 81 and 20 years old
claims that he is, or should his en-
ploying officer consider him incapac-
itated for further service, he may
make application, or be recommended
for retirement, and the board OF pen
sions shall determine whether he shall
be retired from the service
Physical examination shall be made
of employees recommended for retire
ment who are. under 20 years of age
and a report thereof with the recon-
mendation of the chief surgeon shall
be transmitted to the board of pensions
for consideration in determining such
cases. Retirement shall be made effec-
tive from the first day of the calendar
month following that in which the per-
sons shall have attained the specified
age: or from the first day OF a calen-
dar month to be determined by the
board of pensions.
The terms service" and lin service
will refer to employment upon or con
nection with any of the railroads op
Grated by the company, and the serV'
ice of any employee shall be considered
as continuous from the date from
which he has ben continuously EN-
ployed upon such railroads, whether
prior, or subsequent to their contro
or ACQUISITION by the Atlantic Coast
Line Company.
In computing service it shall DC
reckoned from the date since which
the person has been continuously IL
the service to the date when retired
Leave of absence suspension. dismissal
followed by reinstatement within one
wear: or temporary lay-on on account
of reduction of force, when UNATTENDED
by other employment, is not to be CON
sidered as a break in the continuity OF
service, though persons who leave TINS
service thereby relinquish all claims
to the benefits of pension allowances
Basis of Pensions.
The pension allowances authorized
are upon the following basis; For each
wear of service an allowance of l per
cent. of the average regular monthly
nay received for the ten years preced-
ing retirement Thus if an employe
has been in the service for forty years
and has received on an average or $ol
a month regular wages for the las'
ten years, his pension would be AZ pei
cent. of $50, or $40 month.
The company will in each year nakt
an appropriation of an amount not &c
exceed $4,000 in payment OF pension
allowances for such year. Whenever
II shall be found that pension allow
ances shall create demands IN excess
of $4,000, and as often as sucn a con
dition may arise, new basis fataplS
reducing the pension allowances ma
be established to bring the eNpeho'
it,,res within the limit of the fund, ant
the decision of the board of directors
in establishing such new basis snal
he absolutely conclusive. Nouce O
such new basis shall be given before
the beginning of the year IN Whlch /
may be decided to put same into eHec'
When pension allowances shall d.
authorized pursuant to these regula
tions they shall be paid monthly, dur
ing the life of the beneficiary; proVld
ed however, that the company ma
withhold its allowance in case OF gros
misconduct on his part. 1t shah D
the duty of every employing otncer L
report at once, through the usual chan
nels to the board OF pensions, al EN-
ployes who. in January, 1904 shall nav
attained the age of 10 years ana
those employees in specihed posltions
who have attained the age OF 90 years
and thereafter, at least three monuh
in advance of the date of retirement
all employees about to attain the requl
site age for consideration for pension
allowances.
pensions May Not BE Assigned.
To the end of preserving direct per
sonal relations between the compan
and its retired employees, and that the
may continue to enjoy the beneht
the pension system, no assignment
pensions will be permitted or recogni7
ed The acceptance of pension doe
not debar a retired employee from er
paging in other business, but such pei
son cannot re-enter the service or Tn
company.
No person inexperienced in railwa
work over 35 years old, and no eXper
enced person over As years old sha
hereafter be taken. into service, PROVO
ed. however that in the discretion
the president persons may temporary
be taken into the service irrespectiN
of ago, for a period not exceeding 81
months, and that this period may |