The Bridgeport evening farmer., 1912-06-11
Six Hundred Local Employees to Enjoy
 Proposed Benefits
ELABORATE SCHEDULE MADE
Board of Four to Control
 Monthly Payments
Any Employee of 20 Years Standing Who Becomes Inca
 paciated Is Eligible

Something like 600 employees. in the local branch of the International Sil- yer Co.,, .win be affected in pension service which goes into effect July 1, and notices of which have just been received The board of directors of 4he company has drawn up and adopt cd a plan of old age and service pen eions
 The pension plan will be in charge of a pension board, consisting of four persons appointed annually by the di- rectors of the company, of which two shall be employees of the company, not officials, and the president, ex-officio, and to this pension board shall be re- 1errod all matters pertaining to the pension plan They shall serve one year or until their successors are ap. pointed and installed and without compensation
 Pensions- may be granted by the pension board In accordance with the rules and regulations that may be es- fabliShed by them, but which shall have the approval of the board Of di- fectors of the company All new pen sions granted by the pension board shall be reported to the board of direc- tors at the next regular meeting after having been granted. -a
 Any employee who has been twen-: ty years. or longer, in the conti1u- Ous ssfvice of the International 6il-f Docome Dermanently and totally inca pac4tated through no fault Of his. or -hors, ae result of sfchenss, or of, i'm 5uries received while on duty, may be, Den6ioned at the discretion Of the ,Pen-r sion Board.
 Any man sixty years old, or over. who has been twenty-five years or longer or any woman fifty years old, or over. who has been twenty years, or longer, in the continuous service of the International Silver Co. or its pre- decessors, may be penPioned at their own request, or at the request of their factory manager. l.-
 Any man who has been twenty-fi years. or longer, in the continuous service of the International Silver C., or its predecessors, and has reached stlle age of seventy, shall be entitled to q pension.
 f. Any woman who has been twenty years, or longer, in the continuous ser vice of the company, or it's predeces- sors. and has reached the age of 60 years. shall be entitled to a .pension. Pensions shall be paid monthly on the following basis: Ton per cent. of the actual average monthly pay, for the last three years and in addi-
  cent. of the average regular monthly pay received during the last ten years of service, but no pension shall be more than $100 month. except upon special vote of the directors of the company.
 Length of service must be continu- ous. and shall be computed from the date since which the employe has been actually in the service of the company to the date when retired.
 Leave of absence, suspension, tenn porary lay-on on account of reduc- tion in force, or disability, shall not be considered as a break in the con- finuity of service, unless same Is in excess of six months. and time thus aost shall not be deducted in reckoning the length of service
 Dismissal, followed by reinstatement within two years, shall not be consid- cred as a break in the continuity of service but the time thus lost shall be deducted in reckoning the length of service.
 Pensions may be withheld temporar- Sly. or terminated permanently, in the case of misconduct on the part of the pensioners, or for any other cause sufficient in the Judgment of the Pension Board.
 No assignment of pensions will be permitted or recognized under any circumstances. nor shall they be sub feet to attachment or other legal pro- cess for the debts of the beneficiary.
 This Pension Plan. being a purely the International Silver Co.,, consti- futes no contract. or confers no legal right upon any employee, who remain subject to discharge to the same ex- tent as if the plan were not in exis- Kence
 Pensions will only be paid to those employees who have given their entire eime to the service of the Internation- al Silver Go, or its predecessors, but the acceptance of a pension will not bar any former employe from engag- ing in any business. so long as such other business, in the opinion of the ,ension board, is not prejudicial to fhe interests of the International Sil- yer Go.
 The pension board may, in it's dis cretion direct that the pension allow ance be continued to the widow and in their opinion may seem proper. Such pension may be suspended tenn po-arily, or terminated in the case of misconduct, or in the event of any at tempt to pledge, transfer, or assign; and the pension may be paid in whole or in part to an institution, home, or rerson other than the pensioner, for his or her care and maintenance.
 Any employe who desires a pension l shall apply to his foreman, or who in turn will report such application To the Pension Board. A form of appli- ! cation will be furnished, setting forth 1 all necessary particulars. which must | he filled out by the applicant, endors- l cd bv the foreman and manager of | the plant, and then forwarded to the 17ensien Board
 The Pension Board shall have sHch 1 regular meetings as they may decide | ,spon. and the first meeting in each | Senr shall be held sometime during 1
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