Arizona republican., 1907-01-07
THE PENSION SYSTEM
OF The SANTA FE GO.
Some Further eDtails of the Plan De-
vised by President Ripley for tn.
Benefit of Employees.

pension system for the benefit Of the
Z employees Of that railroad company.
would be put into effect January lst.
has created a great deal Of interest
Naturally there is great curiosity to
know the details of it. particularly BY
railroad men, who may hope to enjoy
. its benefits. the amount Of the benefits
and on what conditions they may be
/ enjoyed.
| The organizing Of this pension sys-
tenn was not the work Of a dav or a
week. but has been in evolution for
sometime. and was finally adopted at
a meeting of the board of directors on
Dec. 20. Copies OF general notice.
with a preliminary explanation OF de-
tails have been received by the local
officials Of the Santa Fe. from which
the following information is gathered
The pension system Is in the first
place. designed to act as a stimulus.
to better work on the part OF employees.
more loyal service and a greater CO.
operation between employees and man
agement. that shall mure to the bene-
fit Of all. In the service OF a grea,
corporation like the Santa Fe. an army
of men is necessarily employed and in
all railroad work there Is need OF good
men. even in subordinate positions
that do not command opulent salaries.
The enemies of corporations are con-
stantly pointing TO the fact that bur
one in a great many Of their employees
no matter how faithful. can hope o.
reach a point OF affluence. The vast
army. even though well paid as physic-
al labor goes. cannot lay up a comp
tence for old age from the monthly
earnings, and in railrOading there
comes a time when a man is too old
for the requirements of his work. no
matter how faithful or competent h
may have been. unless he has been 50
fortunate as to secure a responsible
managing position. Many have refused
railroad service through 4 fear that
when the best part Of their lives wera
spent they would find themselves on
the list of incOmeptents and without
resources. The calling too is somewhat
hazardous in some Of its branches and
the wages do not always compensate
for the chances taken on life or limb.
With this pension there is a certain
relief for good men who have been
unfortunate in the line Of duty through
accidents. and certain assurance Of Il
large measure of support in old age.
for those who have faithfully served
the company in the days of their activ-
ity. even though they did not climD
TO unusual places Of achievement.
The benefits of the pension system
may be enjoyed by all employees who
are injured beyond the filling Of a re-
munerative position and its associated
lines for fifteen years previous 10 their
retirement. which may be anytime
after they have reached the age of 65.
This age limit permits the company to
retire a man when old age makes II
wise and that without embarrassment
even though he has been a good serv-
ant The pensions after retirement
will not be less than $50 per month.
nor more than S75 per month. except in
specific cases for which provision IS
made The system will be conducted
by the company without expense to
the employees. through a board % five
men. the initial board members being
]. w Kendrick. G. T. Nicholson. W. B.
Jansen. Robert Dunlap and w F. Bal
ley. all well known men in Santa Fc
management. II is specifically set
forth that the establishment Of the
pension system does not create a con-
tractual relationship between the COM
pany and the employe: that is that
service Of an empioye for a length OF
time. gives him no right through hope
Of 4 pension 70 demand continued en-
ployment if his services are unsatis-
factory. No person shall be eligible To
pension who enters the company's ser
vice after he is 80 years old. Neither
shall an employe BE entitled 10 pen
sion if he is at the same time employ
ed in some other service holding two
jobs rs il were. unless that other serN-
ice shall be with an associated line or
auxiliary company. The benefits ot
the pension however. are extended TO
the employees of all the associated lines
of the Santa Re. as well as the parent
company. If an emplOye quits the SER
vice the returns again il must be on
the basis Of new employe: his foI-
mer service avails nothing as To pen
sion eligibility. The prospective pen
sioner's name must appear on ths
rolls every month consecutively dur
ing MS term OF Stl Nv NAN' - ~
left off through leave of absence or sus-
pension and subsequent reinstatement
Concerning the amount of pensions
the following is taken from the circul.r
aforementioned:
(a) For each year Of service an al
lOwance OF one and one quarter peg
cent of the first fifty dollars Of the
highest average monthly pay Of the
officer or emoloye during any conscc-
utive ten years of service. and. in
addition. three quarters OF one per cent
of any excess of such highest average
monthly pay over fifty dollars: pro-
vided. however. that in no case shaG
the allowance made be less than TWEEN
ty dollars nor more than seventy-five
dollars per month
90 In exceptional CAGES OF long AMI
unbroken service with first class rec
ord. the board Of pensions may. with
the approval Of the president, increase
BY not exceeding twenty five per cent
the amount of any pension allowance
hereinbefore authorized
In case any officer or employe shall
be in the service Of the Atchison To-
peka and Santa Fe Railway company
| and also in the service of some othel
company. only the amount Of montrl>
salary paid or contributed by the At
Gibson Topeka and Santa Fe Railway