File:Bell telephone magazine (1922) (14753039381).jpg

Identifier: belltelephonevol3132mag00amerrich (find matches)
Title: Bell telephone magazine
Year: 1922 (1920s)
Authors: American Telephone and Telegraph Company American Telephone and Telegraph Company. Information Dept
Subjects: Telephone
Publisher: (New York, American Telephone and Telegraph Co., etc.)
Contributing Library: Prelinger Library
Digitizing Sponsor: Internet Archive

View Book Page: Book Viewer
About This Book: Catalog Entry
View All Images: All Images From Book
Click here to view book online to see this illustration in context in a browseable online version of this book.

Text Appearing Before Image:
out during 1952 $28,646,-173 from operating expenses for thefirst seven days sickness absences f t Any payments for illnesses of less than eightdays are not charged to the Benefit Planaccounts. and other miscellaneous items; and$33,533,186 in Social Security old-age insurance benefit taxes. Thismakes a grand total of $276,004,708. Before 1913 The Bell System Companies bene-fit and pension plans went into effecton January i, 1913; but they did notspring into existence over night. Agreat deal of research, of planning, ofplain hard work preceded their adop-tion. At the time when the plans becameeffective there were, in addition tocertain governmental plans, some pen-sion plans in older industries—moreparticularly the railroads. But byand large, these covered only a smallportion of the employees in industry.For others, any forms of protection,if provided at all, were entirely dis-cretionary, and there was little assur-ance of security or uniformity of lOO Bell Telephone Magazine SUMMER
Text Appearing After Image:
treatment. With increasing indus-trial expansion, however, the need forsuch protective measures for employ-ees was becoming more fully recog-nized. Before 1913, a number of the BellSystem companies had informal prac-tices which provided financial assist-ance in connection with disability anddeath and which assisted in varyingdegree those long-service employeeswho, because of age or other infirm-ities, were unable to continue on ac-tive duty. In other instances, someprotection was provided by mutual-benefit associations or through similaremployee activities—with or withoutcompany participation. A few ofthe older companies had somewhatuniform practices in effect which madesome provision for retirement, andone company had adopted a formalretirement plan as early as 1906. The Plans adopted in 19 13 by theBell System companies provided uni-formly substantial benefit and pensionprotection; and, through interchange agreements, they en-abled employees tomove from one com-pany to another in

Note About Images