Happenings.
Bessie Tripp receives service pin from J. Melvin Moore.
Honored For 25 Years
Bessie Tripp was presented her 25-
year service pin on January 23, by J.
Melvin Moore, division vice president
and general manager-rug spinning
mills.
Honored By
Jaycees
Susan Lowman was named the
Outstanding Young Educator
recently by the Granite Quarry
Jaycees.
She teaches fifth and sixth grade
students at Granite Quarry
Elementary School in Rowan County
and is the daughter of Odis P.
Lowman, Sr. Her father is a jig leader
operator in the Dye Department at
the North Carolina Finishing
Company division.
SUSAN LOWMAN
Miss Lowman is a graduate of
Catawba College and is a member of
Dunn’s Mountain Baptist Church. She
is active in the youth program at the
church.
Illges Named President Of Swift
(Continued From Page Two)
of Technology with a B.S. degree in
industrial engineering. He later
completed special courses in the
Textile School of North Carolina State
University.
He is a member of the Columbus
Rotary Club, a director of the
Columbus Bank & Trust Company, a
past deacon of the First Presbyterian
Church, a director of the Textile
Education Foundation, and a past
director of the American Yarn
Spinners Association.
Mr. Illges is married to the former
Kathryn Rawls, also a Columbus
native, and they have a son and two
daughters. The family resides at 2916
Carson Drive in Columbus.
Swift Spinning Mills, Inc., was pur
chased by Fieldcrest in March, 1973,
and consists of two separate
manufacturing facilities. The Main
Mill Division produces carded cotton
yams and blends of cotton with
synthetics and-or wool. The Combed
Yarn Department produces only
combed yarns. Swift sells a major
part of the yarn through its own
selling organization, with a small part
of the pr^uction being used in other
Fieldcrest plants.
New Pension Plan Booklets'
(Continued From Page One)
for Fieldcrest employees and their
wives or husbands.
Among the more significant
revisions made in the plan are:
liberalization of vesting
requirements, a change in the method
of counting years of. service, an
increased number of choices in the
way you take your pension, increased
financial protection for your spouse if
you should die after age 55 and after
becoming vested, and protection
under the Pension Benefit Guaranty
Corporation.
Take the matter of vesting—which
means reaching the point where your
pension is guaranteed whether or not
you remain an employee of the
company. You can now become
vested after 10 years of service
whereas it formerly required that the
employee be 55 years old and have 20
years of service.
10 Year Guarantee—payments
retiree for life with the
guarantee that if death occurs
.r .. . ...
the first 10 years the beneficiary^
receive payments for the
the 10-year period; and two Joip
Survivor plans which
lifetime income for the retiree s
his or her death a lifetime incon>
the surviving spouse. .
If you die while actively emp^
by Fieldcrest and you are m3 ,
and qualify for early retirem'
ent
automatic benefit guarantees)
wife or husband an income for
iloy'
her lifetime. Many emP' ^
consider this provision a
part of the revised pension
Another very important fear|"^
the revised plan is that the
insured by the Pension ,
Guaranty Corporation, an ago®S
fhp IT S. government. FieloO.i!
Mrs. Tripp began continuous ser
vice in 1952 as a reel winder at the
Karastan Spinning Mill (then
Greensville Mills). She became a
reeler in 1961.
A year of service is now counted for
each calendar year in which you have
two full calendar months on the
company payroll. This new method of
counting can sometimes make a
substantial difference in the years of
service counted for your pension.
How you receive your pension is
very important to you. There are now
four choices. Formerly a straight
life pension was paid, ceasing at the
employee’s death unless an employee
wanted the pension to continue to the
wife or husband, which required
notification of such to be given at
least two years before retirement.
the U. S. government. Fi'
participation in this program co ^
very important to you under
circumstances.
The foregoing are only ' ^
Mghlights of the information
found in your new Pension .
booklet. Later features will o ^
other important points
answer questions most com
asked by employees concermw
Fieldcrest Pension Plan.
Under the revised plan, the retiree
has four choices in the way he will
receive his pension: Life Annuity—a
lifetime income for the retiree only;
CARD OF THANKS
I want to thank the many
neighbors and relatives for th® ^,!
gifts, flowers, visits and
kindnesses while I was a
Morehead Hospital. I am eSF
grateful for every prayer ,
behalf. May God bless each o
MRS. DAISY HUDGINS
Lining up for barbecue are, from left, Jeanette Bartell, production ^
and Virginia Chavis, Clara King, Eugene Bennett, Joe Dunson, S'*®
Pickett and Eliouse Brown, all of Tufting Department.
Giipet Mill Employees Honored
Employees at the Laurelcrest
Carpet Mill enjoyed a safety barbecue
in honor of completing an average of
4,000 safe hours per employee.
In expressing appreciation to the
employees, W. C. Flake, plant
manager, said, “This fine record is
due to outstanding work each
has done to achieve 4,000
free hours per employee,
equivalent to two years
disabling injury. This outs^^j
safety record was brought
the teamwork efforts of ^
employee in our plant.’’
THE MILL WHISTLE