The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1916-11-18
BULLARD PLANT
INSURES HELP
FOR $5OO,0OO
Eight Hundred Employees
Get Protection Against
Death and Disability,
NO CHARGE MADE
TO THE WORKERS
Increased Loyalty the Only
| Return Expected By the
Bullard Go.

Eight hundred employees Of the
Bullard Machine Tool Co. have been
insured by their employers against
death or disability for 100000, ac-
cording to an announcement made to-
day by the co1r pany. The insurance
system. the cost of which is assumed
entirely by the company, will he ex.
tended to all employees of the plant
as fast as they become eligible. The
comuny expects its return in increas-
ed loyalty.
The sole requirement, according to
an employe shall have been in SER
vices for six months. At present 500
operatives are eligible under this
clause The insurance plan Is cx-
planned by the company as follows:
San insurance certificate for $500
will be given TO an enploye upon the
completion Of six naorths Of continue
GUS employment.
after one year Of continuous en-
ployment has been completed, the
value of certificate win be Increased
to $500.
"For each year Of continuous en-
p1oyment>, thereafter. $1o0 shall be
added to the value OF certificate until
a maximum Of $500 has been reach
ed.
This plan shall be retroactive SO
that all individuals who have been
continuously in the employment OF the
company for 10 years or more viii at
once receive certificates for the max
inum amount of insurance under this
plan.
ITO the family, or otherwise desig-
mated, beneficiary Of ~armember of the
force of the Bul1ard Machine Tool Co.,
who has been in the company's e11l-
pIoyment continuously for five years,
win be paid, in the event of his death.
the sum OF $1,000. TO the beneficiary
OF an emr1oye Of seven years stand
ing would be ps,id the sum of $1,000
the value Of the certificate increasing
yearly until tils maximum OF $500
has been Ieac11sd-s
eff. at AIRY time, while In the enn-
ployment Of The Bu1lard Machine
Tool Company, any Insured employee,
mot yet having attained the age Of so
years, should become totally disabled
from any cstuse by accident or disease,
the amount Of insurance to whicll>he
has attained will be distributed to
him In equal amounts for sach period
of years as may be determined by rhe
Bullard Machine Company after con-
ference with him and his benecfary.
To illustrate.
IF an employee, by continuous en-
p1oyment for 10 years. has attained
tho maximum amount Of insurance
81. 500-and becomes totally disabled
through accident or disease. then
$1,000 plus interest will I've distributed
in equal amounts yearly fo1 a period
OF five years. 10 years. t5 years or 20
yeArs-dependent upon the conditions
surr ounding the employee aud his
family.
'tFor instance. If an employee in
sured for $1,000 is t',taliy disabled
and it is determined to extend the dis
tribution over a period OF II years,
the disabled lenaployee will receive an
nually for 10 years the sum OF STA.
Or a total Of $1.74O.
SHOULD the distribution extend for
Is years. the annual payment would
be $126, a total Of 1880.
"In the event OF a 10 year dfstribu-
ton, the annual payment would be
$102, a total Of 5000.
IF the employee should die before
the entire amount is distributed, then
the balance would be paid to his de-
pendents."
There are now SO men insured for
the maximum amount, Mr.. Bullard
said today. These mems service COW
ers periods from 10 to 2S years. The
insurance certificates will be deliver
ed to the employees not later than
Christmas day..