The Birmingham age-herald., 1914-01-22

plants scattered throughout the country.
There are now over 200O former en-
ployes on the pension roll with an av-
erage pension, for those added in 1918, of
$685. an. average service of 2S.s2 years
and an average age of 63.73 years.
Administered by Trustees
The basis of the fund was $4,000. 900
from the Carnegie relief fund, to which
the Steel corporation added $4,000, ,0o0,
making a joint fund of S12,000,000. OPP
erations We're commenced on January
[, 1911. The fund applies to all who
were in the service of the United States
Steel corporation, or of any company
owned or controlled by 1T, on the above
date. or thereafter. 1t is administered
by a board of II trustees They are
Frank d. Adams, Duluth; Raynal c.
Boiling, New York; William B. DICKSON
New York; Robert A. Franks. New
York: Elbert II. Gary, New YORK, James
H. Hoyt Cleveland; Kemper ~ Knapp.
Chicago: George w. Perkins. New York;
James II. Reed. Pittsburg; andrew
Squire, Cleveland; Charles l.. Taylor,
Pittsburg, and Hampden E. Tener, New
York through a manager, who is
located in Pittsburg.
"Pensions are computed as follows:
For each year of service, the employe
receives l per cent of his average
monthly pay received during the last
employe who has been 80 years in the
service and has received an average
monhly pay of $50, in the last 10 wears
of service, would receive a pension of
s24 per month. No pension is less than
S12 or more than 500.
"All male employees. who have been
| in the service 20 years or longer and
are 60 years or more of age, are eligi-
! BILE to pension. Women are eligible at
| the age of so years. Thus it will be
| seen that the toilers in the mills need
not wait until old age overta<es them
before they may reap some of the fruits
of their labor. The records show that q
great many of those retired have taken
up easier work and yet add good earn
lings to their pensions. Indeed more
than 20 per cent of those on the pen
sion rolls voluntarily requested to be
] pensioned. Only in cases where it is
obvious that employees are unable TO
| properly perform their work, arc they
requested to retire, and then only on
the personal approval of the president
of the company employing them.
Disabled Employees
THE plan embraces those employees
who become permanently and totally
incapacitated, for at the beginning of
the year 1913, the rule relating to per-
manent disability was amended so that
! dhN tiiPioSts use Hot NoiSiutitb, WIZ
had been in the service only 15 years,
and has become absolutely unable to
| earn a livelihood through no fault of
| his hers, a result of sickness, or
! injuries sustained while not on duty,
may be pensioned. If an employe is in
| jured while on duty, he is taken care
| of by the voluntary accident relief
plan.
| "All the time lost on account of dis
ability, shutdown, or layoff, not eS-
ceeding two years duration in any one
period, is credited to employees as SER
vice, provided of course they return TO
work as soon as they can after such
! layoff.
! IF retired employe desires to re-
turn to his native land, arrangements
are made to send his pension to him by
| foreign bank draft by postoffice
money order, and he may remain as
| long as he likes. In case a pensioner
| becomes incompetent to handle his pen
] sion, it is paid to his wife or to a
guardian.
| 1T is needless to say that the funds
distributed do immesurable good. as
evidence from every hand so indicates
| 1t must be an immense relief to those
who are nearing that stage of life
when they fully realize that their work
| ing days are lessening, to know that
| they Will have an income to depend
upon after the yare unable to work.