Pension Plan Offers Several Options
(This is the second in a series of payments will continue after your your death. It is called Joint and
articles answering questions most death. Survivor—50 Percent Plan. Under
commonly asked concerning the Under the 10-Year Guarantee Plan, this arrangement, you receive a
hourly pension plan. Today’s feature you will receive a pension as long monthly pension as long as you live
discusses the four choices you have in as you live, with tiie added safe- and, if your wife outlives you, she will
the way the pension is to be paid to guard that, should you die within receive half of your pension amount
you.) 10 years of retirement, a person as long as she lives.
Q. I’m a male employee designated by you (anyone you choose Keep in mind that the amount of
approaching retirement age. I’ve or your estate) will receive the same your monthly pension is reduced in
heard that if I die soon after amount each month for the remainder the later three choices from what it
retirement that my wife will not of the 10-year period. In other words, would be under the Life Annuity Plan,
receive any pension payments after 10 years of payments are guaranteed The highest monthly payment other
my death. Is this true? to you or your beneficiary. But, if you than the life annuity would be the 10-
A. It depends on how you choose to live longer than 10 years the same Year Guarantee Plan,
receive your pension. If you prefer to monthly pension will continue as long The next highest would be the Joint
receive the highest monthly payment as you live and will cease at your and Survivor—50 Percent Plan, and
possible during your own lifetime, you death. the lowest monthly payments would
would choose what is called the Life The third plan is called the Joint be the Joint and Survivor—100
Annuity Plan. Under this and Survivor—100 Percent Plan. If Percent Plan, where the same
arrangement you would receive the you choose it, you will receive a pension is paid on both your lifetime
highest monthly pension but the pension as long as you live and after and that of your wife,
payments would cease with your your death it will continue to your Your own individual and family
death. wife as long as she lives. She will circumstances would determine
However, the Life Annuity is just receive the same amount of pension which is the best way for you to
one of the four choices you have in the that is paid to you. receive your pension. Factors to be
way you receive your pension. If you There is still another plan under considered would be your financial
choose either of the other three, the which payments will continue after (Continued To Page Six)
Columbus Store Event Unique Service
(Continued From Page One) liberally spiced with practical and _
who is herself an experienced interior inexpensive do-it-yourself decorating
designer. ideas, a continuing source of interest IIII ^Ull
Through the use of a unique Incite- to consumers. The almost 300 people
walled room setting, which contains who attended the seminar also Forty Years
four different room settings, Ms. learned about making decorative William L. Grubb N.C. Finishing
Bernard can discuss and show accessories from sheets, such as Thirty-Five Years
graphically a number of different folding screens, headboards, picture Lucille W, Trantham Alexander
roomdesigns. The flexibility of the set frames, window shades, tablecloths John William Ward Blanket Finishing
allows for the demonstration of a and lampshades. Grady L. Banning N.C. Finishing
room decorated in one or a Press pickup of the event was Reynold R. Austin N.C. Finishing
combination of the Halston patterns. excellent. A front-page article on the
Ms. Bernard’s discussion is seminar appeared in the Modern , o
Living section of the Columbus Ethels. Few ^Fieldale
Ledger February 8, and the Channel 3 aras an
Roselle television talk show featured Twenty-Five Years
a 15-minute interview in which Ms. David R. Barr Columbus
Bernard discussed some of her most James T. Roach Fieldale
popular decorating projects. James E. Aplin Swift
“Based on the success of and
community interest in the event, we ^Years
look forward to presenting several Richard L. Williams Columbus
events yearly at the Columbus Store”, ^ ^
Ms. Bernard said. Robert C. Wmpte
Oscar Lee Fuller Columbus
Hand Iniuries Fifteen Years
■ ■■ Iy Holland Alexander
(Continued from Page One) Columbus
struck by flying or falling objects Ten Years
accounted for 22 lost-time accidents in Edward J. Dillard Draper Sheeting
CECIL RAKES 1976. Eddie Joe Harris Draper Sheeting
Cecil G Rakes has ioined “Injuries from these causes, in Wmnie Beauchamp..._.. Phemx City
Fieldcrest Mills as a senior mill most caps do not result in any RjbyFayeChJLmon ' ' dS^I^S
accountant at the Laurelcrest plants, prolonged disability or permanep ^ Binford. Jr Kafastan Sale!
He attended Virginia schools, P^f/^l disability, Mr. Bagge t said. Frances H. Paschal General Offices
earning his AA in business ^ However, they are painful types Cecil S. Atchley Alexander
management at Virginia witern injuries and ptra caution could Barbara C. Herrin Fieldale
virginip wptern, result in the elimination of most AnnieL Hart70P Pheniv ritv
BBA in business administration at fmm thoco j ^
t>„ „ j i , j _ accidents trom these causes. Ann R. Goodman Swift
Roanoke College and mpter s degree Qj^jy seventeen disabling injuries Verna R.Kozee Swift
in business economics from Radford occurred as a result of strains and
Cmlege. sprains during 1976. These are the caution and not try to lift or move
Prior to joining Fieldcrest, he had types of injuries which often result in materials beyond his own capacity,
pst accounting experience with extended periods of disability due to He should get help if assistance is
General Epctric in Salem, Va., where the long healing period caused by the needed in moving heavy or awkward
he enrolled in the company sponsored worker’s continued inability to objects
financial management program, and perform heavy tasks of lifting, “If caution is used and the rules of
J. P. Stevens, Inc. in Rocky Mount, moving, bending or stooping, safety and common sense are
according to Mr. Baggett. adhered to, there should be a great
He is the son of Mrs. Nannie E. “The employee when moving and improvement in Fieldcrest’s overall
Rakes of Martinsville, Va. handling materials should exercise safety performance in 1977,” he said.
2
WILLIAM GRUBB
40-Year Record
continf^
at
William L. Grubb, a
bleach range operator i*-
Carolina Finishing Company.
been honored by manageme’|^|^
completion of an outstanding
of 40 years of continuous servic^j|
Mr. Grubb has received
Fieldcrest 40-year service embl® '
$40 gift certificate for comP
merchandise, and a lettef j
commendation from Willi3^j|
Battle, president of Fieldcrest
Inc.
Beginning continuous servic®
March 9,1937, as a washer opera ,
NCF, he became a bleach r ,
operator in 1956, and a contia ^
bleach range assistant operator ^
that same year. During 1965
he worked as a utility man, becoa
an open width bleach range opo^
in July, 1966. He again becad'j
continuous bleach range operator
present classification, in 1975
J .* * t-
r.
/
TERRY CHILTON
New Shift
Foreman
cm'
The promotion of Terry L.
from supervisory trainee to j
foreman in the Yarn Prep^j
Department at the Blanket
Mill has been announced,
March 1. j
Mr. Chilton has been empD^j.
the Blanket Greige Mill since l^'
has worked as a card stripper'’^j|'
changer in the Wool j|
Department and as spinner,
hand, and roving hauler in the
Spinning Department. J
He completed the Field^^j
supervisory courses in late 197®
early 1977. Since October, 1976, J
worked as a supervisory trainee
Wool Spinning and Yarn Prepaf^
Departments.
fHE MILL WHIST^’