Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1912-11-12
BELL TELEPHONE
SYSTEM ADOPTS
PENSION PLAN

A fund of $4,000, 600 for pensions,
sick benefits and life insurance will
be available on January first, for the
$4,000 employees of the Bell System
and associated interests. and their
families and dependents, amounting
altogether TO more than a quarter
of a million people.
This $4,000, COO fund will be made
good from year to year By annual
appropriations on the part of the
American Telephone ard Telegraph
company and associated companies.
and the Western Union Telegraph
company and the Western Electric
company.
The plan for the distribution Of
this fund has been characterized as
the most liberal, comprehensive and
/ ideal ever inaugurated President
7. n. Vail has provided combined ben
eiits for uperannuation. sickness, &C
cident and death, for an Industrial
army more than twice as large as
the standing army of the United
I States.
This provision is made entirely at
/ the expense Of the various compan-
1 les int .ested, without contribution
OF any kind from the employees them
selves. The application of these var
I led benefits will be strictly democrat
ic and vii! be for the benefit of AL
employees of every rank. The plan
| will provide for free change of EN-
| plOyment from one company to au-
other, with fun credit for combined
| terms Of service.
! The Bell System and associated in.
| terests provide employment for about
| lT5,nG0 people: of this number $780,
| 600 are employees OF the Bell Tele-
| phone System. The total yearly pay
for the whole group is about $115,-
100000 something over $4,000. ono
being paid out IN wages by The Bell
] Telephone System alone.
I The terms by which provisions are
! made for the needs of age, Illness.
accidents and death, may be summar-
lied as follows:
| Pensions: Male employees who
have reached the age of sixty years
and who have been twenty years OF
more in service, may retire on pen
sions. They may be retired at the
/ option of the company when they
/ have reached the age of fifty-fiye
years or more in service. The PEN
sion age Of female employees Is in
each case five years younger than
that of male employees. Any employee
who has been thirty years in service,
regardless of age. may be pensioned
on the approval of the president OF
the company.
The amount OF the pension is auto
matically based on the years of ser
vice and the amount OF pay and viii
be l per cent Of the average annual
pay for ten years, multiplied BY the
:! number OF years of service. There
fore, a man who had been thirty
years In service would get 30 per
: cent OF the average salary which he
had been receiving during his las
ten years OF service. No pension sill
} be less than $1,000 a month
! Accident, Disability Benefits: In
case of accidents occurring IN ant
due TO the performance Of work foi
: the company, the employe viii re
b, ceive for total disability, full pay fel
thirteen weeks and half pay for Tia
!. remainder of disability. up to 81
4 years. -
4 II the disability is temporary, ~
: will receive full pay for thirteen
weeks and half pay until able Il
: earn a livelihood. not exceeding si'
4 years.
Sickness. Disability Benefits: En-
ployes who are disabled by sickness
or accident outside OF the regula
course OF duty after ten years or NOR
in service will recefvqfuli pay for THU