Decatur Daily Democrat, Volume 49, Number 18, Decatur, Adams County, 22 January 1951 — Page 6

PAGE SIX

• ■ . ' ■ : f ■ , i ■ i ’ t . 1 ’ ‘ ■ ' \ ’ ■ ' • X f ’ ' x - r ■ / . r * • ‘ .\ | . ->> : . . ■ x - \ > 1 ' ' . 7 * ■ -■ ’ n ■' X> i I';' t - . X.x -x' • \ ’'l v ' * • - • I - ■' • ' X. -XX [I -- - ' ' XX •• X • ' '■% •- x ■ i Lr< ■ x ■„ ■ L : ' , - . .1 6 Important Ways Decatur 4 ' i Gains by G-E’s Improved Employee Benefit Program

OW '. x / " < . V ' ’ :■< ”1 X X ■ . ■ '■ ■ ■ . X ! i?. iA X H ' - .X- X '■' - . . ' ' ■ ■ ' ’ ' " .■ ■ '4 »X... . • ' X i■■ ' ' - *' • ' , \ A . ‘\ - • ■ I ' X. .

x= ■ v . ‘ L-ix >• 4x ■ ’ ■: ' •■• * % ■ -a.i ' \ an OVERWHELMING majority of General Electric s 21. employees are participants jn tl?e new Insurance and improved Pension. plans \ —plans that have been progressively changed during nearly half a century to keep them inline with changing conditions. A benefit program which the revised plans are a part—"-brings important gains not only to our employees and their families, but also to the community as a whole — gains im- . portant to you and your family. Below are sug--1 °f ,e man y wa y s > n wlych ydu gain from G-E’s improved Employee Benefit Program. : / J ■-; /./■■X'

■ . 1. G-E employees and their families ate productive members of the cpihmbfijty, Liberal assist- \ , . atice is availably to them for mahy of the *>mersreßeies of life, helping ’ ' them to remain self sufficient. Lrtf’Mfefllfc |TIW Hr Wmktirr ! "r* "* ' 4. General /Electric employees. ' ? well-protected under the G-E benefit program, now and after • A tneut, help contribute greater s)e- ? • ' \ curlty and Stability to the comi uiunity as a whole. •' I K . \ L I ;

I' ■ ■ ■' . J ■ ■ I ' I ' ' ' !'< ■■' i' : While General Electric feels that the improved Employee Benefit Program outlined above is among the best I in industry* the Company does not represent it as a substitute fur individual effort of employees in going on to provide for their self-protection.; ] > \ In the Company’s desire to aid employees in providing for | , themselves, we have consistently advocated a contributory pen- | t sipn plan and also encouraged individual employee savings. In this-connection we hsive a Savings and Stock Bopus Plan in effect whereby employees may purchase U. S. Savjngs Bonds. Employees who, under this plan, leave such bonds *on deposit A ' BH-.' ' I ■ ‘ .

■i‘ ■ ■ ■ < . ’ x ( GENERAL ELECTRIC 4 L . o 1.. • *♦ *■ ■- • ■ J .■’ I / ■ I lA*' \ t " .

1 i r^ 3 I '■ -• I-’’ i ♦ **r 1 IK; i —~tl ■' /% "ffir rXWVj/A * t HI fl)~ /> I JH®xW s w Wl ■’w w B S r‘ li F ’ 'F ■; J w w ■ ■ :. ■ . '■ r- • z ' • ■■■ '■ ■. ■ ; ' • «:■ ? . X--

: •• t s H \ X -1 • 2. Undir the G-E benefit program, payment of most normal hospital expense is provided tor. This protects savings. . • 1 . ?*. '' H - \ J' ■ f sr x ’ I 5. Our community, made up of ihdustrious, thrifty and more self- 3 reliant folks, thus becomes a bet- _ ter place, in which to live, in T which to work ( and in which to conduct business. : -t

DECATUR DAILi DEMOCRAT, INDIANA

i ■ ■ with the Company fc>r fae years, are entitled to a bonus of 15fo in the form ol G-E sock, plus accumulated dividends. In order to prompte the welfare of General Electric people, the Company also bfferff assistance in othprCforms, such as: [ \ training for more responsible jobs in the Corppany, scholarships j and. other educational assistance; cash awards for employee J suggestions; and provision for the physical safety of employees. It is our sincere Hope that all of these various forms of employee benefits willjhelp to indicate the many ways we try to be a gbod employer and a responsible corpcraie citizen —more than eager to do out part. ; — • ■ I 1 ' ? ■ i ■ f

* . J : '-• j v (• L’• '■ -' 1 ' ■: ■'■ ' - j ■ ' *< ■-.-- • " 3. Reasonably provided for. employees under the G-E benefit program are relatively independent. Thus, taxes and voluntary dona- 1 J r tiond from all *of tne community are reduced. • x i L <®BKBp • * I f 6. G-E is proud to have a hand, along with business and individuate in helping Our community keep headed toward progressively better ljving and working conditions.

M -FXxx. --x ' - 4 X\ i x ■I vz I q -1 Xi< XX ’ . . • . r 4 F »_ vjfr 0 b H u Q y kZ-x ; X s -/ Wr k >< > mT \ ' -x f OMf Z cfl tv RfcTfcjfe > y (s <. 9wF tpw if -<«x : -4JM >r HHWK s *’Zi ■■■ \h L.H \ H xsin—

t- r . . - ■ 'ill , 19 FEATURES OF OUR NEW AND IMPROVED PENSION FLAN 1 ■ • sl2s a month guaranteed minimum retirement income (in- < iu<|ing Social Security 1 at normal retirement age after 25 . ' years of credited service under the Plan. 1 ' • Employees whq may retire optionally 5 years liefore age 65 (60 for women I—with 15 years of credited senice in the Penpion Plan—get a supplemental payment of sls a month until age 65. Social Security normally begins. , : • Pension payments guaranteed—after 20 years in the plan— I evert if employee leaves the Company. , • On the average, the amount of an 1 employee’s total contrilmtions to the Pension Plan is recovered duririg first 2Vj ; yearjs of retirement. ■_ ' i 1 , ' • If the pensioner taking his full pension payments dies within \ 5 years after retirement;,his beneficiary gets pension pay- I ! menls for the balance of the 5-year period. Employees may, I x however, choose smaller pension payments which, in the • event of death, would continue to the death of the surviving i*| ' wife or husband. ■. _ ■ i? I ( ' • Money held in the Pen«ipn Trust cannot be used by the 'I • iP (Company fob any .other purpose. It is therefore available in good years’or bad. ’• ; I , ' ’ I . ■ ; - , < • All employee contributions are returned.-with interest, if an i employee leaves the Company for any reason. . • minimum disability retirement income after 15 j years of credited service. I| ' ' ; j .f; ■'■ L-; • INSURANCE PLANS ' | • Group life insurance of a minimum of S2OOO. Company pays v| for first s'lsoo. _ J J Lf' : J • Life insurance at retirement for those who have participated i .for more than 5 years. v t 1 : ; I.- \ . i t . ' ' , *i , . • Coiitinued eligibility after retirement for hospitalization and , ; ( surgical benefits, (maximum $500) at no cost; subject to I terms of the plan. • Accidental death-benefit of S2OOO. • ( ■ ’'’ • . I • Standard payments for loss of limbs upj to S2OOO. j • Weekly sickness and accident insurance benefits up to $35 ■ a week for 26-week maximum. i i j* Hospitalization for semi-private room up. to $lO a day; SIOO for special hospital services. . *• I • ••, i ': i i ■; , 1 • • Payments of surgeon’s fees at scheduled rates (maximum ' i i; • : ,175b ' - 1. • Employee maternity benefits. • Employee pgys only about l /j of cost of employee benefit • ■ 'program. i » ; I ‘ ' * J' I ' ' ■ ’ ‘ ■ ' ' - ' ■ , ' < ’’ ' ' • Hospital, surgical and maternity benefits available for ■ dependents. . ■ x i I (Th# Faeu above about the beaeCt pMtgram are laleatied oaly as a 9 x general description and they do not shew bow all terms of the plans ■ j > : j sp:«l» in every indi.idnal circumstance. Anyone ttoairina more detailed ■ ' information may write for the G-E efltcial booklets.) ■ X Z-. ,■ ' ’ -X H. ... < - i ’ ■ , - . * * H '

MONDAY, JANUARY 22, 1951