The Canon City record with which is consolidated the Canon City cannon., 1912-11-14
BELL SYSTEM
ADOPTS PEN
SION PLAN

A fund of s10.ooo. 900 for pensions.
sick benefits and life insurance VIII
be available on January first. for the
175.0oo employees OF the Bell System
and associated interests. aad their
families and dependents. amounting
altogether to more than quarter o,
n million people
This s1o.oo0.ooe fund Will be made
good from year to year by annual ap-
propriations on the part OF The Amer
lean Telephone and Telegraph corr
pany and associated companies. and
the Western Union Telegraph conf
pany and the Western Electric COM
pany.
The plan for the distribution Of this
fund has been characterized as the
most liberal. comprehensive and ideal
ever inaugurated. President T. y. Vail
has provided combined benefits for
approximation. sickness. accident AMI
death, for an Industrial army more
than twice as large as the standing
army of the United States.
the expense of the various companies
This provision is made entirely at
Interested. without contributions Of
any kind from the employees them
selves. The application of these vasi-
ed benefits will be strictly democra ic
and will be for the bensht OF all en-
ployees OF every rank The plan will
provide for the free change OF en-
ployment from one company to Anoth-
er. with full credi, for combined
terms OF service.
The Bell System and associated in
terests provide employment for abost
$4,000 people: OF this number 1900 -
are employees of The Bell Telephone
System The total yearly pay for ,ac
whole group is about siis.ooo.coe.
something over seo.ooo. 200 being pa:d
out in wages by The Bell Te,epnoss
System alone.
The terms by which provisions are
made for the needs of age. illness. ac-
cidents and death. may be summarized
as follows
Pensions. Male employees who hare
reached the age Of sixty years ani
who have been twenty years or NOR
In service. may retire on pensions
They may be retired at the option -
the company when they have reachcd
the age Of hfty-hve years and have
been twenty-ave years or more IA
service. The pension age Of female
employees Is in each case fve yes-s
younger than that Of male employee
Any employee who has been thirty
years In service. regardless OF ase.
may be pcnzioned OF the approval o.
the president OF the company
The amount Of the pension is au-
tomatioaliy based On the years OF ser,-
ice and the amount OF pay and viii be
per cent OF the average annual pas
for ten years. multiplied BY the nun
Der OF years OF service. Therefore
man who had been thirty years In
service would sc, 30 per cen, OF t..e
average salary which he had been
receiving during. his las, ten years OF
service No pension VIII be less than
sec.co a month.
Accident. Disability Benefits: "a
case Of accidents occurring in and duo
to the performance OF work for the
company. the employees viii receive
for total disability. fnii pay for thir-
teen weeks and half pay for. the re-
mainder OF disability. up to six years
II the disability is temporary. he
will receive full pay for thirteen weess
and half pay until able to earn live
llhood. not exceeding six years
Sickness. Disability Rencnts; Em-
nioyces who are disabled by sickness