The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-01-08
RAILROAD NEWS.
Details in Full of New Pension
System of Santa Fe.
No Contractual Rights Are Es-
tabIished by Recent Order.
BOARD DECIDES CASES.
Company Reserves Right to Ter
inmate or Modify Pensions.
Gossip and Matters Of Interest
I'm Railroad Circles.
BOARD DECIDES CASES.

Ripley announced to all employees Ine
establishment by the directors of a PEN
sion system, saying: lit is with great
satisfaction that I issue this day an
nouncement concerning the pensions slo
be granted to loyal and worthy EN-,
ployeS. I believe it to be more liberal
in its terms than any pension system
now in force and I sincerely nope tnal
all will show appreciation OF 1t py IN
creased zeal and loyalty. Nearly every
employe has 1T in his power to benefit
the company by his work and influence,
or to injure it by carelessness or 1nolI-
ference. The system about to be intro
duced will be carried out wholly at the
expense Of the company and it is only
fair that those whose future is thus
made safer should in return render the
best service of which they are capable;
hope that it will some day be found
possible to make the amount of pension
larger. That will depend on the pros
perity of the company, which every
employe should strive to promote.
The pension plan adopted by the d.
rectOrS is stated as fOllOWS:
In order to enable the employees of the
company, who have rendered long and
efficient service, to retire when advanced
age makes relief from work desirable,
the following pension system shall be
established on January 1. 1907, and shall
continue in effect until the further order
of the board.
Board of Pensions.
The pension system shall be managed
under the direction of the president, by
a board, to be known as the board OF
pensions" consisting of five officers or
employees of the company, who shall be
designated from time to time by the
president, and shall act during his
pleasure. A majority of the members
of the board of pensions shall consti-
tute quorum for all purposes. The
board shall elect a chairman from
among its members and shall appoint
revision or veto by the board Of di-
rectors or by the president, such rules
as it may deem advisable.
To Whom Pensions May Be Paid.
The board of pensions may authorize
the payment of a pension to any retired
officer or employe who shall have been
continuously in the service of the COM
pany during Is years or more next pre-
ceding the date of his retirement and
who at the time of his retirement shall
have reached the age of 65 years, or
who for any cause incident to his en-
ployment shall have become perman-
of the service in which he was engaged
and who can not be transferred to other
work which he is able to perform.
Employees of companies whose roads
have been or hereafter shall be ac-
quired by the Atchison, Topeka & San
ia Fe Railway company by lease or
purchase shall be deemed to have been
in the service of the company from
the date when they entered the ser
vice of the company of which the road
shall have been acquired as aforesaid.
No person shall be paid pension if
during the 5 years next preceding his
retirement he shall have been engaged
in any business or employment other
than the service of the company or
the service of the company and or
some other railroad company or COM
panies.
No pension shall be allowed or paid
to any officer or employe who shall
make or enforce any claim against the
company for damage by reason of any
injury or accident occurring within
three years prior to the date when
such employe shall be retired or leave
the service.
If any person after leaving the ser
vice shall be re-employed, he shall be
considered for the purpose of the PEN
sion system as a new employe. Any
person whose name does not appear
tive months shall be considered as
having left the service, except that abb
sence from the service pursuant to
leave of absence duly granted or by
reason of suspension or dismissal fol-
lowed by reinstatement within one
year shall not be considered a break in
the continuity of service.
No person who hereafter shall be
taken into the service at the age of
SO years or more shall be eligible to
the payment of a pension.
The board of pensions may deny, re-
woke or withhold a pension allowance
to any employee whenever the board
shall deem such employe wholly un-
deserving on account of immortality or
other misconduct; but no person shall
be debarred from the receipt of a pen
sion and no pension shall be revoked
merely because the recipient shall
have other means of support or be-
cause he shall engage in some other
business, which is not prejudicial TO
the interests of the company or of
some of it's auxiliary companies.
Amount of Pensions.
The sums which the board of PEN
sions may authorize to be paid month
ly as pensions are limited as follows:
(a) For each year of service an
allowance of Ia per cent of the first
$50 of the highest average monthly
pay of the officer or employee during
any consecutive 10 years of service,
and, in addition, y of 1 per cent of