Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-09-01

Their, If the officer or employe has
made or enforced any claim for dam
ages against the company For injury
or accident occurring within three
years of the time he is retired or
leaves the service. Neither are they
allowable If during the ~fftean-year pc
Rod an applicant has been engaged Ia
business or employment other than the
service of the company. The fifteen
years must be continuous, and Volun-
tary withdrawal for two months or
more is sufficient to constitute "a break;
but leave of absence may be duly
granted, or wen a suspension or dis
missal, If followed by reinstatement
within a year, are not regarded as in
terrupting the continuity OF the ser
vice.
"The amount of The pension ~ con-
tingent upon three elements: C) the
highest average monthly pay received
by the pensioner during any consccu-
tive ten years of service; ca the mum
Der Of years he has been in the cm-
pIoyment of the company OF it's aux
Hilary companies, go the character Of
the service he las performed. The
general rule is that employees whose
wage during any consecutive ten years
was $50 or less may receive l l-3 per
of his monthly average for cacn
of service, while employees whose
pay exceeded $40 per month may De
granted for each year of service ia
per cent on the first 500 ana Y ut
1 per cen on The remainder. y MIMI
mum of $50 per month and a maxi
mum Of $40 per month are, now
ever, Arbitrarily provided. II the PEN
sion computed as above fails belo ~
the lower figure, IL is raised TO 42O,
If Il raises above the higher tg-
ure, il Is reduced 90 $I5. ia case ot
exceptionally long and unblokcn SER
vice with a first class record, the
board Of pensioners, with the approVau
of the president. may Increase by as
much as 20 per cent any pension az
calculated under the preceding rule
provided always that the total sum
paid does not exceed $35 a month.
application for pension b, made by
filing of a blank.
The signature Of the employing
officer must be secured In upprnNal,
and the application is then passed Co
the board Of pensions through ats sec
rotary. In addition 20 the intorma'
lion called for I'm the application form,
the board may ask for any further
particulars II thinks necessary, and
may require "a physical examination by
the company's surgeon, when the re-
tirement IS asked ON The ground OF IN
capacity. The acknowledgment OF inc
receipt Of the application aud notice
of the action taken upon b IS com
munioated 10 the applicant through
his employing officer.
''The resolution uf the board "t III
rectors adopting abe pension s~tftehi
sets forth that 10 has been instituted
'in order TO enable tho employees ut
the company VINO huvc rendered long
and efficient service Co retire when
advanced age makes relief from wntN
desirable.
This sense Of security IN OLD q
or in disability incurred m sntvip'
has proved elsewhere tO b. % ul th"
incentive 90 loyalty, content
mant and faitnfuiuess in l-tFir' ~
has as yet found c~1mparatls' little
application ia Industrial nl.iiet mcni
in tie Uuitcl State.
"R4 the lbAfiiuliuu Of tho tenn
the santa Fc road Feer- a. De taking
q long stop toward tnn bctfcrmout "l
permanent relations h,tween employer
and employees.
The probability that g viii De-
fully iustined and rernii Boy the re-
suits does not iimu.ish in the least
the credit due GO the afaiEatcdnf#
ana the p~ra-sewYfihr effort Of tLpse
who are rcsuone fir Tor hs rcd
fF.u A"