The Washington herald., 1914-07-20
terminal MEN
TOGETPENSIONS
Union Station Company
Adopts Plan to Provide for
Old Employees.
LIBERAL SYSTEM DEVISED
Years of Service for Railroads Afhi-
ated with Corporation to Count
in Retirement Total.
LIBERAL SYSTEM DEVISED

With what probably is the most ,gener-
Gus pension plan in operation in the Dis
trict. the Washington Terminal Company,
beginning August !. is the latest corpora
ton in the city to put IN effect a system
of rewarding and caring for employees
grown old in service.
Three employes-Albert Banes. assistant
postmaster, who he's served thirty-nine
years and ten months; Richard E. Ball.
blacksmith's helper, thirty years and six
months; William Wallace, cleaner, twenty
nine years and seven months-are the
first men to reap the benefits OF the new
system.
System Generous TO Men.
| A. NJ. Keppel. superintendent Of the
company. discussing the pensioning Of
employee last night remarked that the
system was particularly generous mas
much as the years served by any en-
ploye Of the terminal company with any
of the atfiliating railroad lines would go
to his credit in estimating the years OF
service that would warrant him q life
pension.
Affiliated with the Washington Termi-
nal Company" said Mr.. Reppel ARE the
Pennsylvania Railroad. the Baltimore and
Ohio, the Southern, the Washington and
Southern and the Chesapeake and Ohio.
II any employe OF the Terminal Company
had served, say, fifteen years on the Penn
sylyania Railroad when he is employed
by our company, then in five years he
will have reached the pension limit. Each
year he serves with any one Of these
railroads counts as q year served with
the Terminal Company, in other words.
In this way, the pension system Is unique
as well as most generous"
The Washington Terminal Company
has between 1000 and 2,1O0 employees on
its payroll, most of whom live in WASH
ington.
By action Of the board OF directors
this plan of allowances was decided upon
and will be known as the Washington
Terminal Pension Feature. The plan
was put in operation July l, and pay
ments will begin August !.
To support the Disabled.
The pension feature is established for
the purpose of providing support for
those employees who by reason OF their
infirmity are relieved or retired from the
service of the company with q pension
as reward for long and faithful serv
ice." said Mr.. KeppeL THE funds neces-
sary for the payment Of pensions will be
provided wholly by the company. OF the
employees there shall be two classes to
or employees who have attained the age
Of seventy years. All officers and en-
ployes sixty-fve years to sixty-nine years
OF age, inclusive, who have been In the
service Of the Washington Terminal
Company or the combined service Of that
company and another twenty years or
more and in the opinion OF the pension
board physically incapacitated."
The pension itself will be granted on the
following basis: For each year OF total
service l per cent of the average pay for
the ten years preceding retirement. For
example. q man who got $50 a month
during the last ten years OF his, say.
forty years Of service, would get a pen
sion of SO a month.
As the Terminal Company was organ
lied only seven years ago, a pension sys-
TEN for its employees would work little
good for them until many years, except
for the provision that considers service
rendered to afiliated railroads, which
will allow many of them to benefit at
once.