The daily star-mirror. (Moscow, Idaho) 1911-1939, 1916-09-15
MILLION DOLLAR FUND Is GREAT
NORTHERN Rail Way COmPANY'S
DONATION FOR OLD AGE PENSIONS

employees who shall have attained the
age of seventy years shall be retired.
lp) Amy officer or employee who has
attained the age of sixty-1ve years
sc) Such of the above mentioned
orlcers and employees who shall have
Deen. at date Of retirement, twenty
years continuously in the service.
Pension Fund.
8. This company will appropriate
the sum of 81, 600, 900 to be set aside as
a pension fund. This sum shai be
sion Board shall decide. The income
from this fund is to be used in paying
the pensions provided above. If the
provide for the payments. the company
Will appropriate an additional amount
each month to make up the deficit.
penses. If the income therefrom is
greater than the requirements for pen
sions. the surplus shall be added to
the principal of the fund.
Allowances Paid Monthly.
10. When pension allowances shall
these regulations. they will be paid
monthly during the life of the bene-
fciary; provided. however. that the
company may withhold it's pension
allowances and payments in all cases
of gross misconduct, or for other good
cause.
preparation of Pension Pay Roll.
II. In payment of pensions a pay
oil. showing the names of those to
whom allowances have been made, and
the amount of such allowances, shall
pc prepared at the close of each month
sions, certified to by him and approved
by the chairman of the Board of Pen
slons then forwarded to the Account
ing Department which will, after veri-
~f1cation and registry, send it through
the usual channels for payment.
IL, It shall be the duty of every
employlng oficer to report at once to
September. 1915, shall have attained
the G Of seventy years. and there
of the date of retirement, all employees
about to attain the requisite age for
retirement.
must keep himself advised OF
The wherea bouts of pensioned en-
ployes, and shall require satisfactory
1t least once a year and more often if
necessary, showing that he is entitled
incer these n sb rnIes tic to the : pension allow.
'fficial or employe who may notice or
any advice of gross miscon-
' 'aG5 9e p 1es Rar' to OF no ahy the Rens seorea
airy of the Board OF Pensions in rela-
ion thereto.
Pensions Not A~ssignabIe.
IA. In order to preserve direct per-
nj relations between the company
nd Its retired employees, and tina they
nay continue to enjoy the benefits of
he pension system, no. assignment of
Employees Retired May Work
10. The acceptance of a pension al
owance does not debar a retired en-
loye from engaging In any other
usiness which is not %prejudicial to
ne, interest of the Great Northern
Company. !
Age Limit for Employment.
16. No person inexperienced In rail-
'ay work over thirty-f1ve years of
ge, and no experienced person over
years of age, shall hereafter
e taken into the service; provided,
owever, that in the discretion of the
into the service irrespective of
ge for a period of not exceeding six
and that this period may be
ork for which said persons were
-iginally employed; provided, also.
lat persons nav be employed ire
'rvlce to be rendered requires pro-
or other special qualifica-
ons.
II. Neither the action of the COM
in establishing a system of PEN :
ons, nor any other action now or Z
ereafter taken by. the company or by I
- DOoi0 + Siioloiio III IN IL
-tion and operation of a Pension De-
lrtment, shall be construed as giving
any officer or employee of the COM :
lny,a right to be retained in its serv- :
e, or any right or claim to any PEN 4
on allowances; and the company ex-
essly reserves the right and privi-
ge to discharge at any time any
icer or employe when the interests
the company, in its Judgment; may
require, without liability for any
aim for pension or other allowance
an salary or wages hen due and =
paid. u
All pensions herein provided for are
and remain the exclusive
orerty of the Great Northern Rail-
ay Company, until actual payment
ereof to the pensioner. =
Date Effective. z,
Is. These rules and regulations
all take effect September 16. 1916. II
ley may be altered or amended from
ne to time by the Board of Directors
the Great Northern Railway Com =
ny. C
By order of the Board of Directors. Z
LOUIS w. HILL,
President.
I'll