New Britain herald., 1923-05-19
3,5OO Employees Eligible To Benefit by Policy, Entire Cost of Which Will be Borne by Cor poration
Stanley Rule and Level Go. Announces All Workers in American Plants Are Included in New Arrange. ment.

Approximately $500 employees of
 the Stanley Works are eligible to
 benefit under group insurance pol .
 icy which the corporation has taken
 cut, announcement of which was
 made today by Clarence r. Bennett.
 president, and Walter H. Hart. vice. president and general superint sndenf.
 Al the same time. Superintendent J. M, Burdick of the Stanley Rule and Level Co.,. announced that the sroup insurance in force at that plant had been revised to conform with the Stanley Works policy and had been extended to Stanley Rule and Level O.. branches in this country affecting between 300 and 400 employees. The company established group insurance four years ago for about i,20o sm- ployes.
 The benefits Of the Stanley Works policy are extended to members of the Stanley Works Mutual Benefit asso- cation. numbering approximately HOO. which will accept as members all who apply and qualify.
 A meeting of all employees who arc interested in the insurance plan, the entire cost of which will be borne by the company. will he held this eve hing in Odd Fellows hall on Arch street. when the proposition win be explained
 Stanley Works Statement
 The following statement was made by the Stanley Works today:
 The Stanley Works has decided to adopt group insurance for the em. ployes who are members or become members of the Stanley Works Mu- tual Benefit association. The plan O. the company will be explained this evening at meeting of the Stanley Works Mutual Benefit association that has been called to act on changes iu the by-laws.
 All members of the Stanley Works Mutual Benefit association are auto. matically insured under the plan and also all new members taken In up to June s, 1928, inclusive. BeRinnine June g. 1923. those Joining the asso. citation will be admitted under rules governing the association from that
 
 only members of the association are to be insured. New employees will have the privilege of joining afte, three months employment
 Those insured are placed in three classes, 5 to 45 years. 46 to 55 years and 56 and older.
 An employe Is insured at his age when he began employment at the stanley Works The amount paid in 'ase of death or total disability is lighest for those in the first group, which increases yearly over a period # five years and reaches maximum 'f sl,O0o. The older groups are pro- less In the event of leath. the insurance will be settled " the payment of s20o cash imme- Iiately and the balance in twelve monthly instalments. except that where any such instalment would be ess than $50 such balance will be aid at the rate of not less than $50 CT month.
 This action is voluntary on the art of the Stanley Works and we lust necessarily reserve and do re- erve the right to change or abandon his plan at our discretion whenever
 may appear to us advisable. It oes not change the employees free om nor his right to leave, as he leases, nor our right as employer to ismiss any employe.
 Tn providing this insurance we are ot actuated by any false notion of hianthropy or paternalism, but ither by the desire to show in ractica manner the value of true operation. with the earnest hope rat it will tighten some of the heav- T burdens of life for all of us. "The continuance of our mutual ef- rts will result in mutual success and is our best wish and hope that we ay each and all do our part in main- ming that spirit of cooperation hich, in the long run, cannot fail to of greatest benefit to all. Trusting that your association with is company may be long-continued i'd mutually beneficial. we are, Yours very sincerely.
 THE STANLEY WORKS.
 "C. F. Bennett, President resident Bennett's Announcement A letter to employees issued by Pres. ent Bennett follows: 10 Our Employees:
 The success of this company is, tt very considerable degree. depend t upon the efficiency and loyalty Of IF employees and the members of our ganization
 Tn recognition of this fact, and ir preciation of the excellent service UT Mutual Benefit association ha. ndered in the past in providing ancial assistance to you and youi mites in case of disability. we have cided to contribute group life in. rance 10 sll members of the Stan. : Works Mutual Benefit associatior d have arranged with the Connec- nj General Life Insurance Go. oi Lrtford 10 carry insurance in ac. -dance with the amount shosNn ir (Continued on Twelfth paxal