Arizona republican., 1916-06-19
HEFUTURE OF
 EXPRESSMEN
Wells Fargo & Company Launches a
 New Benefit and Pension Plan

An announcement made by Wells Fargo & Company Express to its em- ployes of 2 new benefit and pension plan which ranks in the generosity | of it's provisions with the best of the other pension plans of the other great | transportation and industrial corpora tions across the land. The new system | which went, into effect on June l, is not the first pension provision estab- lished ny Wells Fargo The company has been retiring it's older men or pensions for more than a quarter of a century--for the past twelve or fourteen years its pension board has been Q distinct feature of it's general organization. But the new plan, as it's name indicates, contemplates much more. than pension relief. One of it's most salient features is a disability clause, which applies to any establish ed worker in the companys ranks who may be stricken by illness or by accident This, of itself, is a tre- mendously advanced step among the pension plans of the great corporate interests of America.
 Any Wells Fargo salaried employe, who has been six months or more in the service, when incapacitated for work by accident or sickness while not On outy. may be allowed pay for the period of the enforced absence, in accordance with a very generous table of time allowances. If the acci- dent should occur while he is on duty the compensation granted is. of course much greater. For instance, even in the case of an injury temporarily dis abling him, he may, to the extent re- | quired, be granted full pay for six
 months and half pay for year follow | ing the time of his injury. If, after 1 this year. ne still is disabled. the pay 1 is continued for two additional years. ! Then, if he shall have been fifteen
 years with the company at the time of
 his accident, he may go upon a pen-
 sion until the end of his days, an
 arrangement which greatly, increases | in its monetary value, if his service
 with Wells Fargo is as long as twenty
 five years. xIgE
 Another feature of the new pension |
 one which provides for the contin- .
 nance of a mans salary to his bene-
 ficiaries for a season after his death
 It is a principle that is being written
 into many of the new policies of the
 life insurance companies. Here is a
 principle that is bound to be of grea,
 benefit to the widows and children
 who find themselves dazed and stag
 gered by the loss of their bread earn
 CTS. Full pay for a month after hi'
 death and half pay for an additiona number of months-depending upoI
 the length of his service with Well. , Fargo-means that they will have tim,
 to collect their senses and plan fo the future before the bread -earner'
 wages cease to come to them. No on 5 who has not known how close som
 families live to the narrow margi 5 can appreciate what the provision
 alone of the new plan means.
 The new plan recognizes, of course ? all the sturdy principles to whic ? Wells Fargo has long stood committed
 In fact. it's careful perusal will sho'
 that many of the provisions of the ol
 I
 gle instance, the minimum pension al
 lowance for superannuated employe ]. is now fixed at s3G a month. Unde c the old plan there was no minimum 0 allowance.
 c There always has been @ warm per c sonal relationship between Well c Fargo and the men and women in il
 emIloy It is a company which make I. few changes in it's personnel Man ,e of it's officers are men who hay e Iclimbed up from the lowest rungs d the express ladder. In doing so. the d have gained, not merely knowleds le and expertness in their work, but the g have come to know ard to understar r. the expressmen who are at work
 the cits office, upon the city street - in the railroad station and in the e' n press car. They understand the di le faculties under which these men ha' T. to work. as well as their possibllitit There. has been no caste in Wel c. Fargo, and much of the intimate al e, personal co-operation that marks Il T; workings of a small ard well-kr tn family.
 y, Because OI lItSt liduiliobS oA e
 early Wells Fargo. coming down H. today. the earlier pension plan car ut into existence a number of years az fe At first this plan was most inform ay In the years when the general hea Al quarters of the company were situat Ill at San Francisco the men who h 30 been identified with it in the days llc the pony rider, the clipper ship the six-horse coach were coming 1T de the evenings of their lives-lives spe e- in the faithful and loyal service oe Wells Fargo. It was the privilege hu the express company at that time ry' single out these men and to reimbul sa them each month until the day iie their deaths. From such an inform H. beginning the pension plan gradua grew more systematic untik fourte ~. years ago. formal plan was adopt nu and since then has been administer me by regularly appointed pens '@ board.
 ew This board continues, with O. oi slight changes, under the new pl VI It consists of Vice Presidents Andr n' Christeson of San Francisco and E.