The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-01-22
REPORT OF coRPoRA1ioS-
Increase Of More Than $500 Per
Year Shown-Wheelina District
Gets SiS.ooo


The third annual report OF the pen.
sion fund of the United States Steel
association has just been made public.
This report shows that since January
1911. retired employees OF the corpora
ton have received pensions TO the
amount of over 81 100000. as follows:
Two hundred and eighty one thou
sand, four hundred and fifty-seven dol
lars and thirty-seven cents In 1911.
sos, fSO.92 in 1912. and si22 .Si5.1f in
1913. These figures show an increase
of about $4,000 per year.
In the Pittsburgh district alone.
Sl33.Ss5.01 we're paid to retired EN-
Sol 1927, and in other parts Of Penn
sylvania. S32 .55S.9S. The Cleveland
district received the large sum OF
$50. 1920: other parts OF Ohio. S3S.-
42a.56. These in Chicago received
sl6,5J2.44. The iron ore region bene-
hted TO the extent of si9.996i6. and
S32.69S.l2 were paid to those who
have been employed in plants located
at Worcester. Mass. The balance
covers other plants scattered through.
out the country.
There are now over 1000 former
employees on the pension roll with
an average pension. for those added
In 1913. OF s20.S5. an average service
OF 2S.S2 years and an average age OF
63.13 years.
Fund Applies TO All.
The basis of the fund was 81 600 600
from the Carnegie Relief fund to
which the Steel Corporation added
SS,O0O.OOO. making a Joint fund OF Sl2.-
OOO.uOO. Operations were commenced
on the first OF July, 1911. The fund
applied TO all who were in the ser
vices OF the United States Steel Cor
poration, or OF any company owned
or controlled by il, on the above date.
or thereafter IL is administered by
a board of twelve trustees. viz. Frank
ID. Adams. Duluth. Raynal &. Belling.
New York: William -. Dickson. New
York; Robert A. Franks. New York:
Ebert ". Gary. New York: James "
Hoyt. Cleveland: kemper X Knapp.
Chicago. George W Perkins. New
York; James II. Reed. Pittsburgh:
Andrew Squire. Cleveland. Charles L.
Taylor. Pittsburg andHampden r.
Toner. New York. through a manager.
who Is located in Pittsburgh
Pensions are computed as follows.
For each year OF service the ON.
ployee receives one per cent Of his
average monthly pay received during
the last ten years OF service. For ex-
ample-An employee who has been 30
years I'm the service and has received
an average monthly pay Of $50. in
the last ten years OF service. would
receive a pension OF S2f per month
no pension is less than sac. or more
than 500
The Eligible Test.
All male employees. who have been
In the service 20 years or longer and
are so years or more Of age. are eli
Eible 10 pension. Women are eligible
at the age OF 80 years Thus IL will
be seen that the toilers I'm the mills
need not wait until old age overta kes
mem before they may reap some OF
the fruits or their labor The records
snow that great many Of those 70.
tired have taken mp easier work and
yet add good earnings 10 their pen.
slons. Indeed. more than 20 per cent
or those on the pension rolls vOlun-
tary requested 20 be pensioned. ONLY
IN cases where IL Dr. obvious that em
ployees are unable 10 properly per.
form their work. they are requested
10 retire, and then only on the person.
al approval OF the President Of tho
company employing them Tho plan
embraces those employees who he
come permanently or totally incapaci-
tated. for al the beginning Of the wear
1913. the rule relating TO permanent
disability was amended. 50 that anv
employee. age not considered. who
had been In the service only IL wears
and has become absolutely unable fo
earn livelihood. through no fault
OF his hers. as result Of sickness. or
injuries sustained while not on duty
may be pensioued n an employee Is
injured while on duty. he d. taken care
~ by the Voluntary Accident Relief
Plan
Al the time lost ON account OF dis.
ahillty. shutdown. or lay-on. not ex
ceeding two years duration In anv ooo
period. is credited 20 employees a.
service. provided Of course they no.
turn 20 work - soon az they can az.
ter such lay-on
lf a retired employee desires 10 70
turn 10 his native land. arrangements
are made 20 send his pension to him
by foreign bank draft or By Il, D.