Newspapers / The Fieldcrest Mill Whistle … / July 17, 1972, edition 1 / Page 5
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I Judy Henriques (far left), secretary to President William C. Battle, discusses her job with TJNC-G students Mary Humph- *'6y and Jean Brewster (far rigrht). Left to right, UNC-G students Nancy Dickens and Rosemary Russell observe Temple Land at work. Mrs. Land is secretary to J. D. Huffman, manager-supply purchasing. 1,511 Are Retired And Getting Pensions Attends Tax Course A total of 1,511 employees are cur- I'ently retired under the Pension Plan and drawing monthly pension checks. The Pension Trust Fund, administered uy the Wachovia Bank and Trust Com pany, Winston-Salem, as of January 1, was worth in excess of $26 million. These figures are highlights of a re port on the Pension Plan just compiled by the Fieldcrest Employee Benefits T*epartment. Pensions for hourly employees are Paid for 100% by the Company,* requir- no contribution by the employee. The Fieldcrest Pension Plan is widely recognized as one of the first and best 'P the industry and was established •hany years ago when pension plans tor production employees were com paratively rare in the industry. Each year the Company makes a ^bstantial payment to the Pension trust Fund to provide pensions for its retired employees. When an employee retires, he receives a pension check the first of each month for the rest of his life. If he chooses to do so within a certain period before he retires, an employee can arrange for his pension to be continued to his wife after his death. Employees retire on the first day of the month on or following their 65th birthday, unless they elect early retire ment as allowed by the plan under cer tain conditions. A total of 195 employees retired during 1971 and the rate of retirement to date indicates that ap proximately the same number will re tire this year. The amount of a retiree’s pension is based on his years of service and his career earnings as a Fieldcrest em ployee. The pension is in addition to, and completely separate from, any pay ments received through Social Security. (The Company of course pays half of (Continued on Page Eight) Fieldcrest Appoints Franklin Textile Officers David Isaacs has been named senior president and Lewis H. Lee has been appointed vice president of Frank- *b Textile, D. M. Tracy, president of be Fieldcrest Marketing Division of Eieldcrest Mills, Inc., announced. Mr. Isa bcs and Mr. Lee report to A1 Spiel- b>an, president of Franklin Textile. Mr. Isaacs has been a vice president bf Franklin Textile for many years, ^be company was acquired by Field- prest Mills, Inc., in January 1969. Born ^ Brooklyn, Mr. Issacs received his B. A. degree from the University of North Carolina in 1951. Mr. Isaacs and his wife, Harriet ^ake their home in East Hills, Roslyn, Lo: Island, with their children, Car- Claudia, and Karen. Mr. Lee joined Fieldcrest’s New York Monday, july 17, 1972 sales staff in February 1952. He handled the customer service department until 1955 when he was named assistant man ager of the company’s Fieldcrest towel department, and then product manager. In 1967 Mr. Lee was appointed assist ant to the marketing administration vice president and manager of customer ser vice. A native New Yorker, Mr. Lee at tended the University of Washington. During World War II, he served the Army in the South Pacific, attaining the rank of first lieutenant, antiaircraft artillery. Mr. Lee has been married since 1947 to the former Jean Andrews of New York City. They make their home in Wantagh, Long Island with their two sons, Gary and Brian. Charles W. Joyce, tax accountant at the General Offices, Eden, has recently returned from Bloomington, Indiana, where he attended a 12-day federal tax course sponsored by the Tax Executives Institute and the Graduate School of Business at Indiana University. The course was specially-designed for junior corporate tax people with from one to five years of federal tax exper ience. It was intended to give these students an improved understanding of the principal areas of substantive and procedural tax law and adminstration. A native Of Eden and a graduate of Morehead High School in 1963, Mr. Joyce studied business administration at East Carolina University and then went to National Business College where he received a junior accountant’s de gree. He currently is attending even- ong classes at Guilford College to com plete the work for his B. S. degree. Mr. Joyce was employed by a public accounting firm in Eden prior to join ing the Accounting Department at Field crest Mills in May, 1969. He was pro moted to the position of tax accountant in July, 1971.
The Fieldcrest Mill Whistle (Spray, N.C.)
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July 17, 1972, edition 1
5
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