The Julesburg grit-advocate., 1913-01-02
Bell Telephone System
Adopts the Pension
Plan
Covsss Also Disability and
Accident lusuranee.-Moun.
tain States Company WIN
Put Same Into Effect
January 1.
Continued from last week.

January !.
Continued from last week.
In the case of death resulting from
sickness or from accident outside the
business, the payment will be one
years pay for employees who have been
ten years or more in the service and
one half of one years pay for employees
who have been from five to ten years
in service, the maximum payment be-
ing s., 1000.
II any state statutes provide for
more liberal compensation than is
provided under the benefit plan, the
statutory provision will prevail. Where
the employees have legal rights. as in
some accident cases. they will have the
option of exercising such rights or
accepting the company's benefits.
The American Telephone and Telegraph
company has set aside from its surplus
fund which provides for those whom
+. it directly employs, and also provides =
reserve, upon which, under certain con-
ditions, the associated companies may
draw. This fund is supplemented by
funds set aside by each company. The
total appropriation will aggregate some
thing more than $40, ,OOO, 900. The bene-
fits, it is estimated, will cost annually
about 1000. 600 more than the present
payments on this aceeunt.
Ths adniniUsrstioa - ths fands viii
Be in the hands Of employee benefit
committee Of five, 70 be appointed by
the board Of directors of each associat-
ed company will have jurisdiction over
the benefits for employees of that COM
pany.
The employees benefit committee of
the American Telephone and Telegraph
company will have general jurisdiction
over the plan for the entire system and
specific authority as to the American
Telegraph company's employees bene.
fits.
President E. B. Field of the Noun
tain States Telephone and Telegraph
company announces that his company
will adopt the plan January l. Mr..
Field says this comprehensive and far
reaching plan covering an employees
benefit fund and pension and form of
disability and accident insurance, has
been adopted by unanimous vote of
the several presidents of the associate
companies of the American Telephone
and Telegraph company, in conjunction
with the latter.
1T will be noted that it covers the
whole United States, benefiting some
175,0O0 employees, but want to bring
home the fact that it will become eff
ective January in the territory COW
cred by the Mountain States Telephone
and Telegraph company, operating in
Arizona, Colorado, Idaho, Montana,
New Mexico, Utah and Wyoming, and
will apply to about 5000 employees en-.
gagged in the telephone business in
these states.
There never has been adop ed, in
the history of pensions or benefits, a
plan that is SO far reaching, covering
as it does all employees from the high
est to the lowest with out discrmina-
tion.
Il sincerely hope the public will grasp
the underlying significance of this plan
and how it has been possible to bring
;4<,ho,It.
y ''A thought along this line is particu-
larly timely. Much mas been said about
combinations of capital and their eff
ect upon public welfare, but want to
call attention to the fact that no such
plan could possibly have been brought
about except through a combination of
financing such as that afforded by the
American Telephone and Telegraph
company and its associate companies
1t is because of our association in this
way that we are able to give our en-
ployes the financial protection that
monern conditions seem to dictate.
Since no expense whatever is borne by
the employees in this connection, it
takes an approved form of profit shar-
ing in which all participate equally and
which is particularly designed to pro-
tect the needy and unfortunate.
'It is with great deal of gratifica-
ton that make this announcement"
advertisement.