Evening journal., 1909-08-02
.2I76 MEN ON
PENSION LIST
Pennsylvania R. R. Has Given
$S4I, lOl TO Veterans in
Nine Years
ALL EMPLOYEES
ON THE SAME TERMS

II was with view TO keeping intact
ITS force OF employees. aud TO securing
from them tho most efficient service. that
the Pennsylvania Railroad ia 1900 estab-
llshed system OF pensions for its em-
ployes under which every man IN the
companYs service Is retired when hc
reaches the age OF 20 years. II he r.
physically disabled and has been in the
company's service for SO years, he may
be retired after attaining 65 years OF
age. In an article In McCiure's Maga-
zine for December. 1905 Mr.. Burton ].
IIendrick states that tho Pennsylvania
Railroads pension system might fairly
be described as tho most enlightened
now I'm force"
The Pennsylvania Railroad employs
men with the expectation that they will
spend their lives In It's service. 1t has
IN force "a system on civil service under
which men in every kind OF work are
advanced as opportunity offers. The
company dies not employ a man unless
he gives evidence OF ability 10 advance
90 positions OF responsibility, and 1t is
this ruie of relying upon It's own ranks
60 supply its officers that rs responsible
for tho wonderful esprit de corps that
pervades the entire organization OF the
/ Pennsylvania Railroad
Tho company's system OF civil service
trains it's men. and thess men are im-
bued with n loyalty worth millions OF
dollars a year 10 tho railroad. IL was
TO further intensity this loyalty which
makes FOR efficiency more than anything
olse-that the company inaugurated its
pension system. under which every man
IN tho service from track laborer to
the president. Is entitled 20 retire at the
age of seventy years This rule holds
good. no matter how strong or alert a
man may be az tho age OF seventy, and
Iit S. the innexibnity OF the rule that
makes 81 reasonably certain that
{ the Pennsylvania Railroad will al.
, ways be managed by men al their great
est period Of efficiency.
All employees Of the Pennsylvania re
tire on relatively the same terms. Fol
every year Of service rendered the com
pany, thov are awarded enc per cent
OF their average salary for the ten year
p Immediately preceding retirement II
other words. 10 man serves the Penn
g sylvania Railroad for fifty years and II
4 the last ten years before retirement re
:. ceives an average salary Of S5,0o0.0o, h
!, would receive so per cent. Of S5.000oo.
For the first year Of its operation. IN
v company appropriated $4,000 for IFS Pen
. sion Department. Ia 1906 this appropria
tion had risen 10 S60o 600. Up TO the pres
Il ent for the nine years OF the operato
II Of IT'S pension system, the company ha
a paid out for this purpose 8ii5.9Is.T
a These figures Indicate in striking mar
g ner the experience OF the Ponnsylvani
h Railroad with tho pension idea, and III
~ belief OF tho officers Of the company in Il
10 value.
II More than 1000 employees Of the Penn
IA sylvania Railroad received pension a
In iowances during the year 1905, tho pa
mcnts 10 them amounting 20 {5ii,1oil
4 total OF a6I employees were retired
pensions. while 2ii men. who had be'
on the pension list, died The exa
r number Of employees receiving pensioi
l. on january J. 1909. was 2i76. This WI
greater by l56 than the number on ia
- uary I, 1905.