The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1912-11-11
TELEPHONE CO.
PENSION EMPLOYEES
Plan For Employees Pensions, Dissbi-
Ity Benefits And insurance.

100000 for pensions, sick benefits and
life insurance win be available on
January LIST. for the 1T5,00O employees
of the Bell System and Associated In
terests and their families and depend
ents, amounting altogether to more
than a quarter of a million people.
This $10,000,O00 fund will be made
good from year to year by annual ap-
preparations on the part of the Amer
ican Telephone and Telegraph Com
Ipany and Associated Companies, and
the Western Union Telegraph Com
lpany and the Western Electric Com
lpany.
The plan for the distribution of this
fund has been characterized as the
most liberal. comprehensive and ideal
ever inaugurated. President Theo N
Vail has provided combined benefits
for superannuation, sickness, accident
and death, for an industrial army more
than twice as large as the standing
larmy of the United States.
This provision is made entirely at
the expense Of the various companies
interested. without contributions of
ANY kind from the employees them
selves. The application of these vari-
ed benefits viii be strictly democratic
and win be for the benefit of all emr
ployees Of every rank The plan will
provide for free change OF employ
ment from one company to another
with full credit for combined terms Of
service.
The Bell System and Associated in
terests provide employment for about
I175,000 people, of this number 10000
are employees of the Bell Telephone
System The total yearly pay for the
whole group is about $115OOO,O00
something over sS0,OOO,OOO being paid
out in wages by the Bell Telephone
System alone.
The terms by which provision is
made 1or The needs OF age, illness. aecf-
dent and death, may be summarized as
follows:
"Pensions-Male employees who
have reached the age of sixty years
and who have been twenty years or
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-five years and
have been twenty-five years or more
in service. The pension age of female
employees is in each case five years
youngr than that of male employees,
an employee who has been thirty
years in service regardless OF age may
be pensioned on approval of president
of the company.
The amount of the pension is auto
matically based on the years of serv-
ice and the amount Of pay, and will be
one per cent of the average annual pay
for ten years, multiplied by the num-
Ser of years of service. Therefore, a
man who had been thirty years in
service would get 80 per cent Of the
average salary which he had been re-
ceiving during his last ten years of
service. No pension will be less than
twenty dollars month.
accident disability benefits.
In the case of accident occurring in
and due to the performance of work
for the company, the employee will re-
ceive for total disability, full pay for
thirteen weeks and half pay for the
remainder of disability up to six years.
If the disability is temporary, he will
receive full pay for thirteen weeks
and half pay until able to earn live
lihood, not exceeding six years.
Sickness disability benefits;
Employees who are disabled by sick
ness or accident outside of the regular
course of duty after ten years or more
in service will receive full pay for thir-
teen weeks and half pay for thirty
nine weeks. If from five to ten years
in service, full pay for thirteen weeks
and half pay for thirteen weeks. If
from two to five years in service, full
pay for four weeks and half pay for
nine weeks. In the case OF employees
who have not been two years in sery-
ice, heads of departments will be per-
mitted the same discretion as hereto
fore. in continuing pay during temp
orary illness.
Life insurance:
In the case Of death resulting from
accident in and due to performance Of
work for the company, an insurance
amounting 80 three years pay will be
paid to the dependents Of the em-