Milford chronicle., 1912-11-29
PLAN FOR EMPLOYEES PENSIONS.


Mr.E. D PRICE, Local Manag-r nf the
Biamoad State Telephone Company,
Dover, early this week gave out the fol
lowing statement regarding 4 plan prnvl-
dug Tor pensions, SICK benefits and Lille
Insurance, without cost, for employees
Of the Bell Telephone Company and as
sOciated companies:
ga fund of $40 900, 900 for Pensions,
Sick Benefits aud Life Insurance will be
availaple on January 1st, for the l15,OOO
Vt the Bell system, and associated interests
and their families and dependents,
amounting altogether to more than
quarter OF a m Hon people.
This $1u,0l0,U00 fund will he made
from year to year by annuai approprli =
tions Ou the part "f the American Tele-
phone and Telegraph Company and As
rOCiated Companies, and th- Wes er /
Union Telegraph Company and t"e
Western Electric Company
''The plan for the distribution OF this
fund has bees characterized rs the IN 1T
liberal, comprehensive and ideal ever
iRaugu ated Pres dent 1. \ Vail has
prov lied combined benefits for sup Z
animation, sickness, accident and death
Tor an l. du Al army more than twice as
large as the standing army OF the Uhlted
States.
This pr .vis ~ is made entirely at the
expense OF the various companies interest
ad, without Contribution Ofany kind from
sh"emplO, ees themselves The appllcat
loo of these varied benefits will be strictly
democratic and will be fnr the beRett OF
all employ Is of every rank The plan VIII
provide for free change of employment
from nne company t) another with full
credit for combined terms OF rvlce.
The Bell stem and associated in
terpsts prOvire employment for about
l75, 600 eople; If this number 10000 are
emul wees vi the Bell Telephone System.
The tntai yearly pay for the whole group
is about Sis 600 900, something over $6J
100. .UUO being paid out in wages by tie
Bill Teltph Ine system alone.
The terms bV which provisions is
made for the needs of age. illness acc'drn's
q death may b summarized as t1ilo"s
PENSIONS
Male nployes who have reached the age
OF sixty years and VINO has heen twenty
years or ore in s-r, ice NAV etire on
pensions. They may be retire al the !
option of the company when they have .
reached the age of fifty i've years aud have /
been twenty-five years or more in -ervice. /
The pension age of femae EMPLOYEES ls /
ia each case five years younger than that !
of male employees who has been thirty |
years in service, regardless OF age may
he Pensioned on the approval OF the
President of the company.
The amount of pension is automatically
based on tine years of service and the
amount of pay, aud will be l per cent,
Of the average annual pay for ten years,
multiplied by the number of years, OF
service Therefore, man who had been
thirty years in service would get 30 per
cent. of the average salary which he had
been receiving during his last ten years
Of service. No pensions will be less than
s2O 90 a month.
ACCIDENTS DISABILITY BENEFITS
In the case of accidents occurring in
and due to the performance OF work tor
he company, the employee will receive
Tor total disability, full paw for thirteen
weeks and half pay for remainder OF the
disability up to six years. If the disability
q temporary, he will receive full pay for
thirteen weeks, and half pav until able TO
,arn a livelihood, not exceeding six years
SICKNESS DISABILITY BENEFITS.
Employees who are disabled by sickness
" accidents outside of the regular course
Il duty after ten years or more in Service
will receive full pay for thirteen weeks
md half paw for thirty.nine weeks; if from
I've to ten years in service, full pay tor
hirteen weeks and half paw for thirteen
weeks; il from two to five wears in service,
ull pay for four and half pay for nine
Veees In the case of employees who
AVE not been two years in service, heads
{ departments will be permitted the
anne discretion as heretofore, in continu'
lg pay during temporary illness.
LIFE INSURANCE.
In the case of death resulting, from
ocidents in and due to performance OF
Tcrk for the company, an insurance
mouting to three wears paw will be PAID
ne dependents of the employees, the
laxImum payment being So 600 In the
ise of death resulting from sickness or
ON accident outside of business, the r
avment will be one years pay for en-
lOyees who have been ten years or more
service, and one. half OfOne wears pay {
n EMPLOYEES who have been from five to c
IN wears in service, the maximum pay
tent being $1,000.
IL anv state statutes provide for more
beral compensation that is provided '
lder the Benefit Plans, the statutory a
.ovieiOn will prevail where the employ. d