Newspapers / Piedmont Aviation Employee Newsletter / Feb. 1, 1984, edition 1 / Page 8
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8 Piedmont Nine people are employed by the Credit Union. They are (I to r)Jane Peeler, Mary Greene, Barbara Young, Lisa Styers, Kathy Jones, Jeanne Wiles, Tom Welch, Jerri Smith. Not pictured, Karen Moser. As PI grows so does Credit Union The Piedmont Credit Union, which has experienced tremen dous growth coinciding with the Company’s great expansion in the past few years, has moved to new quarters in the Aerospace Institute building next door to the T.H. Davis Training Center in Winston-Salem. “We’ve tripled our space cind believe we’ll be better able to serve our customers from our new offices,” Tom Welch, general memag er of the Credit Union, said. The official opening ceremony for the new office will be held on Tues day, Februaiy 21, at 9 a.m. An open house will follow. The new office is open from 7:30 a.m. to 1 p.m. and from 2 p.m. to 5 p.m., Monday through Friday. "We’ve also opened a branch office at the General Offices for employees,” Welch said. The office in the GO is located on the third floor in space previously occupied by Employee Benefits. It is open Monday through Friday from 9 a.m. to 1 p.m. cind provides all services except loans. Approximately 8,000 employees now belong to the Credit Union and an additional 1,100 spouses and children of employees have accounts. Membership is open to all employees part-time cind full time. You can obtain a membership application from the Credit Union or from the Credit Union repre sentative at your work location. A $5 deposit is required. “Part-time employees who are members cannot apply for loans,” Welch said, “but when an employee upgrades to full-time, we tcike into account how long that employee has been a member when consider ing the amount of money we can loan." Howard named Top alumnus By alma mater Bill Howard, president and chief executive officer for Piedmont, has been chosen as a recipient of The George Washington University Alumni Achievement Award for 1984. The award will be conferred by Dr. Lloyd H. Elliott, president of the University, at the winter convo cation on February 20. Howcird graduated from The George Washington University in 1953 with a degree in political science and speech communica tions, and in 1956, he received a L.L.B. degree from the University’s school of law. The award, presented each year to no more than five people, recog nizes outstanding accomplish ments of distinguished alumni. Davis receives Special award From ADIVIA T. H. Davis, retired chairman and founder of Piedmont, spoke at the 81st meeting of the Aviation Dis tributors and Manufacturers Asso ciation (ADMA), at Hilton Head recently. The ADMA presented him with its Outstanding Achievement Award for his contributions to general aviation. Employee programs can benefit you Benefits. We often take them for granted until they are actually needed. Are you aware of the many benefits you have as a Piedmont employee? Piedmont’s Employee Benefits Department wants you to be familiar with three specific pro grams — Supplemented Retirement Plan, the Physician Referred Service, and the Accident Insurance Plan. supplemental retirement plan "Employees who have made con tributions to the Supplemental Retirement Plan during 1984 are guaranteed a favorable annual interest rate of 12.80 percent on these contributions,” Jane Roberts, supervisor-employee benefits, said. "All funds on deposit at December 31,1983, will earn approximately 13.10 percent dur ing 1984,” she said. This, Roberts explained, is a blended rate based on all years of participation since this plan started, and the rate could vaiy depending upon the level of withdrawals. Roberts emphasized that employees can make withdrawals from the plan in only three instan ces — if they need the funds for edu cation assistance, if they need the funds to purchase a home, or if they are faced with financial hardship. "Contributions to the plan are for long term investments and should be treated as such,” she said. When Piedmont first offered the plan in 1979, 1,305 employees enrolled. By the end of 1983, that figure had jumped to 1,760 participants. physician referral service If a physician recommends surgery and you feel you should get a second opinion, where can you go? Effective January 1, Aetna is offering a second surgical opinion service to Piedmont employees. Call the Aetna claims office in Greensboro (919/288-0611, exten sion 420) or the Minneapolis claims office (800/328-0647). An Aetna representative will give you the names and addresses of three physicians from your community and the appropriate specialty from which to choose. “You are still free to choose other specialists who are not associated or in practice with the attending surgeon,” Roberts emphasized. “The service is offered in case you need help.” accident insurance plan “We currently have 4,251 employees enrolled in our Acciden tal Death and Dismemberment Plan,” Roberts said. “Full-time employees who are not currently enrolled may do so at any time.” The plan, provided by the Hart ford Accident and Indemnity Com pany, offers a maximum coverage of $300,000 and provides for reduced amount of coverage for losses such as the loss of a thumb and index finger or the loss of speech or hearing. “In addition, the plan has a spe cial education benefit,” Roberts said. “If an accident results in loss of life to someone covered under the plan, that person’s eligible children who are in college or who are in the 12th grade and will enroll in college within a year may receive additional payment for up to four consecutive years providing they remain eligible.” If you would like more informa tion on these benefits or any other benefits Piedmont provides, call the Employee Benefits Office at exten sion 524, INT.
Piedmont Aviation Employee Newsletter
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Feb. 1, 1984, edition 1
8
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