Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1916-12-29
U. p. SYSTEM TO INSURE
1 ALL OF IT'S EMPLOYEES

ing Its employees with every possible
safe guard, the Union Pacific system
has announced that in the future 1t
will provide, at the expense OF the
company, life, health and accident
insurance for all employees in the ser
vice one year or more and receiving
less than $4,000 annually. The in
surance will decome effective Jan. /.
1917.
The decision I'd inaugurate the In
surance was reached at a special
meeting of the board of directors.
held in New York City last week.
The provisions 0f the new system
are set forth in the following circular
which was transmitted to H. v. Platt,
vice president and general manager
Of the Oregon Short Line:
THE board OF directors of the I'm
ion Pacific, at a special meeting held
today, approved, effective January 1,
1917. plan that has been long un-
der consideration whereby every en-
ployee Of the Union Pacific Railroad
company, the Oregon Short Line
Railroad company and the Oregon
Washington Railroad & Navigation
company who has been. or shall be.
one year in the service, and whose
compensation does not exceed $4,000
per annum, regardless of age or con-
dition of health and without discrim-
nation, shall BID provided at the ex-
pense of the company and free of cost
to the employee the following insur-
ance 30 long as he remains in the ser
vice, subject to the definite regula-
tions to be issued, viz:
First-Life insurance to the
amount of one years full wages. with
q minimum of $500 and a maximum
of $4,000, the benefits of this insur-
ance to include those retired after
January /, 1917, under pension.
Second-Accident insurance cover
ing total j<sability resulting from in
juries in the performance OF the en-
plOyee's occupation, consisting OF half
pay during disability, with a mini
mum of SIS per week and a maximum
period of two years, and for certain
permanent injuries resulting from
such occupational accidents, such as
loss of leg or arm, the half-pay in
demnity to continue in any event for
periods definitely fixed, the maxi
mum indemnity for any one accident
to be $500.
Covers Also Sickness
Third-Sickness insurance covering
both illness OF at least one weeks
duration and also injuries resulting
from accidents not occurring in the
performance OF the duties of the en-
ployee's occupation, consisting of
half pay while the employee is dis
abled and confined at home, with a
minimum of SIS per week and a max
imum period 81 fifty-two weeks, and
with an additional indemnity of half
wages for further period of fifty
two weeks II 1t appears that the en-
ployee has become totally and per-
manently disabled for life, subject
to a maximum disbursement of
$500 or account of any one illness
or any one accident. Ali the fore
going insurance and benefits will be
payable in monthly installments.
Ths lif7 insurance will BIZ payable
70 heneficiarIos DESIGNATED by tn
employee. Tho plan coutcmplatas nm
arrangement with a responsible in
suranee company to issue life and ac-
cident policies called for by this plan
until. unless, the railroad compan-
les themselves hereafter conclude to
issue certificates OF insurance them
selves to their employees. Circulars
giving full particulars. with forms
for names, ages, beneficiaries, etc.,
will be issued for the information OF
all employees as soon as the neces-
sary details can be worked out.
To Issue Policies
But In the meantime the insurance
Will DCSOu1G C1ACCbAES Sd1udIy l.
1917. whether the individual poll
cies can be issued by that date or
not, and the life insurance will be
payable to legal representatives If
death should occur before the bene-
ficiaries are designated by the en-
ployees. While the power to amend
or annul entirely the insurance plan
is necessarily reserved by the board
of directors, since II Is a new de-
parture. We are confident in the
opinion that it will never be neces-
sary to discontinue It.
The object which the directors ex-
pect and hope to accomplish by this
insurance is to afford employees of
the Union Pacific system the salts
faction of knowing that, SO long as
they are In the service. some ffnan-