Marshall Field &
Company Pension
Plan For Employees.
If you leave the ssrvice of the Com
pany for any reason other than in order
to retire, will you receive anything from
the Pension Fund?
If you leave within the 10 years be
fore your Normal Retirement Date and
have worked for the Company continu
ously and on a full time basis for at
least 20 years you will receive a month
ly pension. This pension will either be
gin immediately or after you have be
come 65 years old, depending on your
choice. The amount of that pension, of
course, would be considerably smaller
than it would be if you stayed on your
job with the Company until your Nor
mal Retirement Date. You will not re
ceive anything from the Fund if you
leave more than 10 years before your
Normal Retirement Date.
How to figure the amount of your
pension.
The amount is based on your length
of continuous service as a substantially
full time employee and is a percentage
of your average annual earnings dur
ing the 10 years before your Normal
Retirement Date. Earnings include all
the money that you receive from the
Company—wages (including overtime),
salaries, commissions and bonuses. In
calculating your average annual earn
ings for the 10 years before your Nor
mal Retirement Date, earnings for the
12 months ending September 30—rather
than for a calendar year—are used. This
is done mainly for administrative rea
sons.
How much annual pension will you
receive if you retire on your Normal
Retirement Date?
For each of the .first 20 years of ser
vice you receive 1% of your average
annual earnings during the 10 years be
fore your Normal Retirement Date. For
each year of service over 20 you receive
an additional 1/2%. (Therefore, if you
have 20 years of service on your Nor
mal Retirement Date, your pension will
be 20% of your average annual earn
ings; if you have 30 years—25%; if you
have 40 years—30%, and so on.)
Additional facts concerning the
Amount of Pension will be discussed
here next issue.
★
At 5 a. m., little Johnny awoke and
asked his mother to tell him a story.
“Sh-h-h,” soothed his mother, “any
minute now your daddy will be home
and tell us both one.”
★
Husband: “Do you believe in love at
first sight?”
Wife: “Do you think I’d have mar
ried you if I looked twice?”—Wet Hen.
Employee’s Son Is
Killed In Action
Mr. and Mrs. Jesse J. Hundley have
received word that their son, Pvt. Elrin
M. Hundley, was killed in action in
Korea October 13. Pvt. Hundley was 20
years old and gradu
ated from Leaksville
High School with the
class of 1949. He en
listed in May, 1950.
,His brother, Elmo D.
(Pete) Hundley is
also serving in Korea
but it is not known
whether he is in the
same division.
Both brothers were
members of Heavy
Mortar Company,
120th Infantry, North Carolina (Leaks-
viUe) National Guard, before volunteer
ing for service in the Spring of 1950.
This accounts for their being sent into
action so soon since they had already
received a certain amount of basic
training as members of the local guard
unit.
★
DADDY CALLING
Voice on telephone: “Hello, Miss
Jones. Johnny Smith won’t be at school
today. He’s not feeling well.”
Teacher: “Who is this?”
Voice on telephone: “What do you
mean ‘who is this?’ This is my daddy.”
Elrin Hundley
Visitors To The
Mills And Offices
From Other Sections of the Company:
H. M. McBain Chicago
M. C. Mumford New York
Mr. and Mrs. A. R. Lark .... Charlotte
A. S. Thompson New York
A. F. Lux New York
Eleanor Greene New York
C. E. Moulton New York
A. P. Fellingham Chicago
From Other Firms
Mr. and Mrs. Norman Baybeirry, Fowl
er Brothers, Chattanooga, Tenn.
Mr. and Mrs. Connor, J. B. Ivey’s,
Charlotte.
Mr. and Mrs. R. B. Armstrong, J. L.
Hudson Co., Detroit, Mich.
★
Buy . . . Sell . . . Swap
WANTED TO BUY: Used Portable
Typewriter. Call 97-W after 5:00 or
see Nancy Matlock at Central Ware
house Office.
FOR SALE: Homemade Fruit Cakes.
Book your order now for Thanksgiv
ing and Christmas. Five pounds $5.25
—21^ pounds $2.75. Call 2002-H or
see T. A. Roberson, Karastan Weave.
FOR SALE: Used refrigerator (Kelvina-
ator). Also Hot Point electric stove.
Call 473-M.
© "
Lasf dame of Ifie season...
It was a high fly going way, way back. The young
ster, intent on the ball, didn’t see the car coming.
The driver of the car was sorry he hadn’t been
going slow enough to stop in time. But that won’t
bring the boy back to life. Drive slow where chil
dren play.
child
Be Careful-the Ji^you save may be your own!
FIELDCREST MILL WHISTLE