New Britain herald., 1915-11-29
L.F. [. TO PENSION
 ITS OLD EMPL0YES
Directors Meet This Afternoon and
 Adopt New System TO BECOME EFFECTIVE JAN. 1

Local Concern Arranges Whereby
 Employees Who Have Served Com pany 25 Years Will Be Rettred-
 Pension Board to Have Charge. At a meeting of the directors of the aI4nders, Frary & Clarke company held this afternoon at o'clock, new system recently perfected for re- lieving the company's old employees by pension, was adopted. The new system will become operative on Jan- uary 1, 1916. The action of the company is very commendable, and shows the interest which the officials of the company are taking in their employees.
 By the new system male employees who have been with the company for period of 25 years or over will be retired at the age of 70 years. Female employees of the concern who have worked a similar period of time, will be retired at the age of 60 years. There is but one clause in the rules and regulations, whereby eligible per- sons shall be members of the Lan- ders, Frary & Clark Mutual Benefit association.
 Those in charge of forming the new system arranged the following rules and regulations for the new system and they were unanimously adopted by the directors:
 Landers, Frary @& Clark Pension
 System.
 Landers, Frary & Clark will estab- fish on January 1, 1916, the following system to provide for the payment of pensions to employees who having given the company long and faithful service have reached the age of retirement or have become incapacitated:
 Administration.
 1-The administration of the pen sion system shall be in the hands of a pension board of three members, headed by the president of the com pany, appointed annually by the board of directors president.
 2-Powers and duties: The pension board shall have the following powers and duties, subject to the approval of the board of directors:
 (a) To elect a secretary.
 (b) TO authorize payment of such pension allowances as are provided for hereunder.
 (c) To make and enforce rules for the efficient administration of the pension system and to decide within general limits such questions as may arise in connection with the system.
 (d) Any action by the pension board shall require the affirmative votes of a majority of the board.
 Eligibility.
 3-All employees of the company en- gagged in any capacity are eligible to pension as hereinafter stated:
 4-No pension may be granted by the pension board to any employe eligible to membership in the l.. F. & c. Mutual Benefit association who does not by March 1, 1916, become and remain a member in good stand ing of such Benefit association, nor to any new employe eligible to member ship in said Benefit association who does not become member and remain a member in good standing of said Benefit association within sixty days after date of employment.
 No pension grant shall become eff fective and operative until after the payment of all sick benefits the pen sioner may be entitled to receive shall have ceased.
 5-Any male employe who has reached the age of seventy years and who has been twenty-five or more years in the service of the company shall be retired and shall receive a pension unless at his request and with | the approval of the pension board some | later date is fixed for such retire. ] ment.
 6-Any female employe who has l reached the age of sixty years and who has been twenty-five years or more in { the service of the company shall be | retired and shall receive a pension unless at the request of the employe l and with the approval of the pension board some later date be fixed for such retirement.
 Any employe who has been twenty years or more in the service and who becomes permanently in capacitated for further work may at 1 the discretion of the pension board be retired from active service and receive a pension.
 8-Any male employe from sixty five to sixty-nine years of age twenty five years or more in service who has become incapacitated for work at his trade or employment may make appli- cation or be recommended for retire. ment and the pension board shall de- eide whether or not he shall be grant ed pension or given employment of a different character or parts of both.
 9-Any female employe from fifty five to fifty-nine years of age twenty five years or more, etc., as above.
 10-The Pension board may at any time grant pensions where the terms of service and conditions ;x'e diffLrtnt from the rules herein set forth; such pensions and any pensions granted under these rules may at any time be suspended or terminated without any liability whatsoever to the pen