Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-11-13

FUND OF $4,000, 900.
rlan FIR Empievees'i Pensions. Dis
ability Benefits ana 7lnsurance.

/ \ FUND 81 A6ood.s5d f3}fp Pensions. sick
and accident F4nAhta iahd rife Insurance
/ vsill 10 availabA on Jannary !. lai@,. for
/ the f75.ee9 employees of the Bell tele-
/ y,ts9oe eestarr md associated interests.
and their families and Dependents
/ This SO 061 fund will be made good
| f-nn1 vear to wear by annual appropria
tions on the part OF the american Iele,
! its associated companies, and the West
/ ern Union TELEGRAPH Company and the
Western Electric Company.
! Among the associated companies af-
! feeted are the New England Telephon.
+, and TELEGRAPH f'omrauy and its allied
| en,s7ra nies which will supplement- tteiF
present pension plan by the substitute
/, lion of this much broader proposition. 1t
| is the intention. however that the sta
/ tus Of those already pensioned SHAH not
The plan for the distribution of this
: fund has been characterized as the most
! liberal. comprehensive nd l''eftf ever W,
/ combined benefits by sunerannuatien.
/ sickness. seeident and dpath. for an in
| dustriai army nore than tr'lre as iare's
sc the standing army OF the United
This proeisie'l is f-ade entirely at tho
expense of the yarionq c9rnnanies an
! tatestea without eartfibrtioeS of ahv
| 'rta af1D1icatior Of tha-e varied rnefts
| will be strietlv-denaocrati and will Re
| for the benefit Of employees OF every
| The Rel svsfev, prd associated inter-
| ests provide employment for about 10
employees of the Bell telephone system.
! The total yearly nav for the whole
| group is about $4,000 CO. sometime
| over $50 eoa 9n0 being paid out in wages
| bv the Bell teleuhone system alone.
/ Bv this nautual agreement ON the part
| Of the various Belt COMPANIES with the
| nhone and Telegraph Company--the ad-
| vnntages OF the plan TO, the individual
/ epintovee are made nation wide for
example. an employee of the New Eng
/ lard Conpany who usoved to New York
+, or 10 California. and thcre entered the
/ EMPLOY of the local Bell COMPANY. would
! retain all the advantages of the plan
| In determining what he might be entitled
| To at any time. his various terms or SER
| vice with any Bell cofnna.v wenld eN
1 added together inst as IL the entire Pc
i Rod of employment We're with one con-
| The nlan inaugurated by the New Ene-
| land Company. last July. dealt only with
| pensions This new plan which viii go
/ INTO effect New Years Day, affects nor
| only the s1perannnated, bnt s al s. elas a,d
| female. 1t is not only more attracti.e
! than the present pension nlan. but in Us
| condolences. is said 10 be more widely
| y, force i. this country OF abroad,
/, whether national. municipal or private,
In the territory of the New Englfn1
| Telephone and Telegraph Company and
| tic associated companies there are about
! fs.ea0 e,pployees affected by this new
Thr terms by which provision is made
for the needs OF are. Nl7ers. 7"rt' ""'
| ard death. nav = as
'0 povS,o-s: Nsis s4les~s--sso f,s,7 h
Reached the gro--nr- 81 yeafs wnr.
.ats Seen 20 gea2Ss ltp2se 7 se - -, r
1 The option III the company ~ eev
| have reached the ago. of IS Nca,f al
| have been q. years in service. TIE pen
sion zee of female employees IS IN each
| case FIVE years younger than that OF
1 male employees. Any employee Who has
! been 80 years in service. REGARDLESS OF
| are NAV he pensioned on the approval
| of the President of the company.e
| The amount OF the pension is automati-
| calIy based on the years Of service ana
| the amount of paw. and will be ~ or
| the average annual pay for 10 years.
| multiplied by the number Of wears snr
| service Therefore. a man who had been
/ 30 years in service would get aD.e OF the
| average salary which he had been re-
/ cejvine during his last 10 wears of ser,
| vice No pension will be less than $50
acci.ier. Dssahiiity Renefitsi In
the case of accidents occurring n ~ a tha
/ due to the performance Of ~ora ;, oa f fn.
i eo,,tpany the employee Will receive TO-
! totai disability. full paw for X weeks anu
half paw for the remainder OF disapiiity,
I'm to six vears =, -,
receive fun nay for 10 weeks ans hair
nav until able 10 earn livlihood, not
: eyeeeding six years e..la -,
n,ovees who ere disabled by sickness, or
+ nv accident outside of the regular course
~ a,,tv a ter 10 years in service, viii re-
) cei,e .full nav for IS weeks and half nav
for 80 weeks. If from five TO 10 years IN
service, fun pay for = weeks and half
nav for Is weeks. " from tWn 10 nv"
years in service, full pay for four weeks.
! and baif nav for nine weeks In the case
| of emnloyees who have not been two
| vears in service. heads of departments.
will he nernitted the same discretion as
| heretofore in continuing pay during
| temporary illness.
! life INSURANCE.: In the case of death
| resulting from accident in and due to
| an insurance amounting to three years
| nav will be paid to the. dependents OF
/ the employee, the maximum payment
| being 5000.
| In the case of death resulting from
| sickness or from accident outside the
| business, the payment will be one years
| nav for EMPLOYEES who have been ~
| years in service, and one-half of one
| wears pay for employees who have been
| from five to 10 years in service, the max
| mum payment being $4,000.
| The American Telephone and Tele-
| graph Company has set aside from its
| surplus a fund which provides for those
| whom it directly EMPLOYS and also pro-
| vides a reserve, upon which. under cer-
! tain conditions the associated compan-.
| les NAV draw. This fund is supplement-
! ed by funds set aside by each local COM
1 pany. The total appropriations will ag-
/ gregate something more than $40 900 600.
\ The benefits, IL is estimated. will cost
annually slee9 .mere; than the present
The Administrations or the funds will
| he in the hands of T,naploNees, Benefit