Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-10-15
RAILROAD NEWS
PENSION noNRp MEETs
Oregon short Iinc Employees 60 be
Rewarded for Faithfuluc~s.

Oregon short Line Employees 10 he
Rewarded for Faithfulncss.
A meeting nf the pension board N
the Oregon Short Line was held yestei
day afternoon, with mll roster pres-
cnt II was decided 10 pension Sew
cral of the older employees " the serve
fee whose names win De published
later. The board includes W n BAN
croft vice president and general man
agcr ! NJ Davis. general superin-
tendeut y l.. Williams general at
torncy G.. J McNitt, general auditor
J. =. Dunn, superintendent ~ motive
poser and machinery. Dr 5. II PIN
kerton, chief surgeon. q. X smith, sec
Rotary.
The Oregon short Line IL ON, Of the
few railroad corpora tions TO take this
paternal interest boz their help. enabling
employees uf the company who have
rendered long and faithful service 20
retire when they have reached an age
neccssitating relief from duty All otli-
GERS and employees who have attained
the age of 20 are retired while such II
them as have been 20 years I'm the serV-
ice are pensioned Officers and men
employees who have been 25 or more
years in the service and an women
employees Of 30 or more years I'm the
service. who have become permanent
stoned
For each year OF service, an allow
ancc U.s. made of one per cent of the
average regular monthly pay received
for the 10 years preceding retirement
Thus BIZ con- 'mpIoye has been In the
service for go years. and his average
salary or wages for the last 40 years
ance would De 40 per cent Of SO, cor
$50 per month Tho sum of $4,000 Is
set apart as "a pension fund, iu addi-
tion 90 which the company makes i'm
each year "a further appropriation, 10
necessary. of am amount not TO exceed
$4,000 in payment at pension allow
anCes FOR such year.
Whenever il shall be found that the
basis Of pension allowances shall create
demands in excess Of the $4,000 and
AN annual appropriation ~ 25000. and
as often as such condition may arise.
in the absence OF any action by the
board OF directors increasing the yearly
amount disable for pensions, a new
basis ratably reducing the pension al
lowances may bc established 60 bring
the expenditures within the limit of tine
fund and the decision OF the board Of
directors in establishing such new
basis shall be absolutely conclusive.
The acceptance ~ pension allow
ance does not debar retired employe
from fhEdHlNH iii ailN NANfI hN7tiAfi'7
which is not prcWdiciai Co the in
terests OF this company, but he can
not re-enter the service OF the cont
panY.
| No person inexperienced in railway
| work over 35 years of age. and no
| experienced person over z. years Of
age. Is taken into the service, prOyid-
| ed. however. that la the discretion Of
! the president. persons may temporarily
| be taken into the service irrespective
OF age for period not exceeding six
months. and that this period may be
extended Ii necessary. To complete the
work for which said persons We're orig
nally employed provided, also, that
with the approval Of the board OF di-
rectors persons may be employed in
definitely Irrespective of tho age limit.
where the service 10 be rendered re-
uuires professional or other special
qualifications.