The weekly chieftain. [volume] (Vinita, Craig County, Okla.) 1905-1913, 1912-11-15

Plan For Employees Pensions, DisabiI.
Ity Benefits And insurance.

St. Louis Nov. ia fund of $40.
100000 for pensions. sick benefits and
life insurance win be available on
January lst, for the 175,000 employees
of the Bell System and Associated In.
terests and their families and depend,
ents, amounting altogether to more
than a quarter of a million people.
This S10,000,000 fund will be made
good from year to year by annual ap.
preparations on the part of the Amer.
lean Telephone and Telegraph Com.
pany and Associated Companies. and
the Western Union Telegraph Com.
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 Theo. N.
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 vari-
ed benefits will be strictly democratic
and viii be for the benefit of all EN-
ployees of every rank. The plan will
provide for free change of employ
ment from one company to another
with fun credit for combined terms of
service.
The Bell System and Associated in
terests provide employment for about
l75.0O0 people, of this number 10000
are employees of the Bell Telephone
System. The total yearly pay for the
whole group is about S1f5,O0O,O 600
something over SS0.OO0,O0O being paid
out in wages by the Bell Telephone
System alone.
The terms by which provision is
made for the needs of age. illness. acci-
dent and death. may be summarized as
follows:
Pensions Male employees who
have reached the age of sixty years
and who have been twenty years or
more in service may retire on pen
sions They may be retired at the
option of the company when they have
reached the age of fifty-fve years and
have been twenty-five years or more
lin service The pension age Of female
is in each case hve years
youngr than that Of male employees.
an employee who has been thirty
years in service regardless OF age may
be pensioned on approval of president
of the company
The amount of the pension is auto
matically based on the years Of serv-
ice and the amount Of pay, and viii be
one per cent of the average annual pay
for ten years, multiplied by the num-
Der of years of service. Therefore. a
man who had been thirty years in
service would get SO per cent of the
average salary which he had been re-
eeiying during his last ten years Of.
service. No pension viii be less than
twenty dollars month
Accident disability benefits
IN the case of accident occurring in|
and due to the performance of work
for the company, the employee viii re-
oeive for total disability. furl pay for
thirteen weeks and half pay for the
remainder Of disability up to six years,
If the disability Is temporary. he win
receive full pay for thirteen weeks
and half pay until able 70 earn a live
lihood, not exceeding SIX years
sickness disability benefits
Employees Who are disabled by sick
ness or accident outside of the regular.
course of duty after ten years or more
in service will receive full pay for thir-
teen weeks and half pay for thirty
nine weeks. If from I've to ten years
in service, fun pay for thirteen weeks
and half pay for thirteen weeks. II
from two to hve Years IN service. nun
pay for four weeks and half pay for
nine weeks. III the case of employees
who have not been two years iii serv-
ice, heads Of departments will be per
mitted the same discretion as hereto
fore in continuing pay during temp
orary illness,
Life Insurance.
In the case Of death resulting from
accident in and due to performance of
work for the company. an Insurance
amounting to three years pay win be
paid to the dependents of the en-
.ployee. the maximum payment being
$4,000,
In the case of death resulting from
S;rkuaSS or from ser3Ssnf o,tSsss the