Arizona republican., 1920-06-28
SPRECKELS CONCERNS. START PENSIONS AND
 INSURANCE SYSTEM

SAN DIEGO, Calf, June 26.-An- nouncement here of a system of illness and disa bility insurance. in addition to a free life insurance and pension plan in the form of the Spreckels Mutual Benefit association, has brought to the Sprecllels companies inquiries from large industrial and commercial con- cerns throughout the country.
 The plan is considered remarkable, not only because of it's provisions, but because of the large number of em- ployes who are benefited. Its 1nagni- tude may be gauged from the fact that it includes all of the following com panies:
 J. D. and A. B. Spreckels Securities company, Western Sugar Refinery, Spreckels and Bros. company, Oceanic Steamship company Olympic Salt Water company, Pajaro Valley Con- solidated Railway company, San Diego Electric Railway company Point Lcma Railroad company, San Diego and Coronado Ferry company, Hotel Del Coronado, Bank of Coronado, Coronado l Tent City, Coronado Country Club. United Light, Fuel and Power company. Coronado Water company. san Diego Union, Evening Tribune, Spreckels Bros. Commercial company. san Diego and Coronado Transfer company.
 As is pointed out in a statement is sued by John D. Spreckels presidert { Of the J. D. Spreckels and A. B. Spreck- i els Securities company compensation is provided under state law in Cali fo1nia for injury or death resulting 1 from accident m the ordinary co,rse ! Of employment, but no provision has ! been made for sickness or disability arsin$ from natural causes. or from | accidents not incurred in the perform ance or duty. The new plan, which | is voluntary, but to which it is an | nounced, virtually all of the employees already have subscribed, provides this protection, including hospital service in cases where immediate operations are necessary, or where a member of the 1 Mutual Benefit association is living ! alone. In the larger units of the various companies visiting nurses will be em- l ployed, and the association also will retain competent physicians, furnish medicines to members, either through pharmacies or the associations own dispensaries, or both. Members of the association are entitled to receive ir cases of disability not covered by the state compensation act. one-half their
 wages for as many weeks as they have
 worked during the two previous years An assessment of fifty cents Q, month is
 paid by each member, and an coua | amount Is paid into the fund monthly by the J. D. and A. B. SpreckaIs Secur-
 ities company. In addition, q savings
 plan is announced, which enables Cm-
 ployes to deposit from s a month up
 receiving in return five year thrift cer- tif1cates bearing interest at the rate o
 . per cent a year, and payable on de
 mand. principal and interest at the be
 ginning of any calendar month. These
 1t IS announced. are provided because
 It IS not always possible for employe.
 to avail themselves of the facilities O
 savings banks. and a statement issuec
 in this connection commends the prac
 tice of depositing money in such banks
 The SpreckelS companies carry tn,
 entire burden of the system of insur
 ance payments recently inauguratet
 and based upon length of service, ant also the cost of the pension system fo
 employees who have completed thirt,
 years or more of serV ice, and provide
 for a minimum allowance of S35
 month.