Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-11-11
BELL TELEPHONE
SYSTEM ADOPTS
PENSION PLAN
COVERS ALSO DISABILITY
G. ACCIDENT INSURANCE.
Mountain States Company
Will Put Scheme for Bene.
fit of Employees Into Effect
on January First.

A fund OF tlO.OOV.OOO for pensions.
sick benefits and litcN insurance will
be available on January first, for tho
10000 employees OF the Bell SyS-
tenn aud associated interests, and their
families and dependents, amounting
altogether TO more than n quarter Of
Il million people.
Thls SiO,UbO. 900 fund- Will be,Innde
good from year 10 year by annual
appropriations on the part of Tho
American Telephone and Tclcgra pm
Company and associated oOmpnnies
and the Western Union Telegraph
Company and the Western Electric
Company.
The plan for the distribution OF this
fund hns been characterized nB tho
most liberal. comprehensive aud ideal
over lnauguratod. President T, N.
Vail has provided combined benefits
for approximation, sickness. accident
and death, for an Industrial army
more than twice az large us the stand
Ing army OF the United States.
This provision IL made entirely at
the expense OF tho various companies
Interested, without contributions Of
amy kind from the employees them
selves. The application Of those va
rIcd benefits will DO strictly demo-
cratic and will DO for the benefit OF
all employees OF every rank. The
plan viii provide for tho free change
or employment from ono company to
another. with fun credit for COM
binrd terms of service.
The Bcll System and associated In
tcTcsts provide employment for about
l7b,OOO people; Of this number $780,
900 are employees Of The BELL Tclo-
phone System. The total yearly pay
tor tho whole group In about $4,000
! 900. something over $50. 700. 900 be-
Ing paid out IN wages by The EEL
Telephone system nlOnc.
The terms by which PROVISIONS are
made Tor The needs of age, Illness nc-
cldents aud denth, may be summarize
I'D as follows:
Pensions: Mnic employees who have
rcnched the age of sixty years and
who have been twenty ycnrs or moro
In service, may retire on Pensions,
They rnay be retired Of the option OF
the company when they have reached
the age OF fifty.flVs years and have
been twenty-five years or more Ia
service. The pension age OF female
employees In IN each case five years
younger thnn that Of male employees.
Any employee who has been thirty
years IN service, regardless Of age,
may be pgnHlOned on the approval OF
the President Of the company
The amount OF the pension IL auto.
matieblly based on the years Of SER
vice ana the amount OF pay and will
be per cent VI the average annual
pay for ten years, multiplied by the
humber OF ycnrB OF service. There
fore, q man who had been thirty
sears IN service would get 80 per cent
OfhthO avafage salary which no had
beon receiving during his last ten
yenrB OF service. No pension VIII DO
less than 5000 o. month.
AccideBL Disability Benefits: ~
case Of accidents occurring In and due
to the performance oe work for the
company, the emDioyea will receive
for total disability full pay for thlr-
teen weeks and half pay for the re-
malnder OF disability, up 20 sig years
II the disability II temporary. ~
| Will receive full pay Tor thirteen
&eekS and half pay until able % aaru
4 aNlivelihoOd not exo0eding .Glw years
Sickness, Disability BonpfitSi Nm-
ptoyees who are disabled ~ Slcknea1
or accident outside Of the nagulal
course OF duty after ten years o. more
~ service, will receive fun pay fss
tlllcteeR weeks and half pav aor tillE.
ty4nhne weeks; II from five ~ eef
yAegn "a service. fun pay Tor thiFessn
4a9AB ana half pay for thift&og
vtet n from two 20 five yoasa y
eety fun pay Zoe four weeks enl
hlRa AssAA u sac .