The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1912-11-14
...lRDS FOR
PHONE WORKERS
$1,000, Fund Sci Apart
For Pensions and Insurance
Goes INTO EFFECT JAN. |


Provision For superannua,ion, Injury
by Accident, Sickness, and For LIE
Insurance Payable to Dependents--
Most Complete plan Ever Applied
Anywhere
On Jan / 1918. $40, 900. 900 fund
will be applicable 10 pensions. sick
ness and accident benefits. and life
insurance for all employees OF the Bell
telephone system and associated In
ttIests, including therein the Western
Union Telegraph company and the
Western Electric company.
Among the associated companies
affected are the New England Tele-
phone and Telegraph company and
It's allied companies, which VIII sup
piement their present pension plan by
the substitution OF this much broader
proposition. II Is the Intention, how
ever. that the status OF those already
peusloned shall not be affected.
The plan for the distribution OF this
fund has been characterized as
the most liberal, comprehensive
and ideal ever inaugurated. presi-
dent Vail has provided combined
benefits for superannuation sickness.
accident and death, for an industrial
army more than twice as large as the
standing army 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
varied benefits viii be strictly demo-
cratic and will be for the benefit Of
employees Of every rank.
The terms by which provision is
made for the needs OF age, Illness.
accidents and death, may be sum-
iudIiESu ds loiioNpt
Pensions: Male employees who have
reached the age OF 60 years and who
have been twenty years In service.
may retire on pensions. They may
be retired at the option OF the COM
pany when they have reached the age
OF 55 years and have been twenty Ave
years in service The pension age OF
female empioyes is In each case Ave
years younger than that OF male en-
ployes. Any employe who has been
thirty years In service, regardless OF
age. may be pensloned on the ap-
proval OF the president of the COM
pany sr-l
The amount Of the pension is auto
matically based on the years OF SER
vice and the amount OF pay, and will
be ! percent Of the average annual
pay for ten years. multiplied by the
of years Of service. There
fore, q man who had been thirty
years in service would get 80 percent
Of the average salary which he had
been receiving during his last ten
years Of service, No pension viii be
less than $50 month.
Accident Disability Benefits: In the
case OF accidents occurring in and due
t. the performance OF work for the
the employe will receive.
tor total disability, full pay for thir-
teen weeks and half pay for the re-
nainder Of disability, up TO six years.
II the disability is temporary. he
will receive full pay for thirteen
weeks and half pay until able TO earn
a livelihood, not exceeding six years.
Sickness Disability Benefits: En-
ployes who are disabled by sickness.
or by accident outside OF the regular
course OF duty after ten years In SER
vice, will receive full pay for thir-
.een weeks and half pay for thirty
nine weeks; II from Ave to ten years
IN service, full pay for thirteen weeks
snd half pay for thirteen weeks. II
'rom two to five years In service, full
lay for four weeks and half pay for
line weeks In the case OF employees
Sho have not been two years In ser
gice, heads OF departments will be
permitted the same discretion as here
ofore. In continuing pay during tenn
,orary Illness.
Life Insurance: In the case OF death
'esulting from accident In and due to
Of work for the COM
AMY an insurance amounting 10
hree years pay will be paid TO the
lependants OF the employe, the maxi
rum payment being $4,000.
In the case Of death resulting from
sickness or from accident outside the
business, the payment will be one
ears pay for employees who have
,een ten years In service. and one
ialf OF one years pay for employees
gho have been from five TO ten years
n service, the maximum payment be-
ng $4,000
The American Telephone and Tele-
raph company has set aside from Its
urpius fund which provides for
lose, whom II directly employs. and
iso provides q reserve. upon which,
nder certain conditions. the 1850
lated companies may draw. This
lud Is supplemented by funds set
side by each local company The
atal appropriations Will aggregate
more than $40 900 900.
be benefits. II Is estimated. will
osi annually 81 600 600 more than
he present payments on this ac-