Newspapers / The Fieldcrest Mill Whistle … / Dec. 18, 1967, edition 1 / Page 3
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Employees Receive First Pension Checks; Rights, Benefits Under Retirement Program Described Retirement ceremonies honoring the 19 men and women who retired under the Pension Plan effective December 1 Were held in the respective mill man agers’ offices Thursday, November 30. The retirees’ first monthly pension checks were presented at that time. The latest retirees made a total of 1.607 men and women who have retired "'ith pensions since the program was started in 1944. Of this number, 1,099 are now living and drawing pensions. Mill officials congratulated the re tirees upon having reached retirement age when they can enjoy greater leisure With a monthly pension for life paid trom the Fieldcrest Mills Pension Trust. The mill managers and members of the Industrial Relations Department ex plained the various benefits available to the company’s retired employees and Pointed out that the retirees are still Piembers of the “Fieldcrest family.” It was explained that the Pension Trust is administered by the Wachovia ®ank and Trust Company of Winston- Salem as trustee and that the money which the company pays to the fund is taken from the company’s earnings and oan be used only for the payment of employees’ pensions. The pensions paid under the plan are 'P addition to, and completely separate trom, any payment received from Social Security. The company, of course, also Pays half of the cost of Social Security benefits which are paid to Fieldcrest Employees. One of First and Best Widely recognized as one of the first apd best in the textile industry, the Pen sion Plan was installed 23 year? ago When comparatively few pension plans i-or employees had been established in *he industry. Among the December 1 retirees, Hill ary T. Pickrell, of the Sheet Finishing Mill, with 45 years, had the longest rec ord of continuous service. Next were ^avid E. Alley, Bedspread Finishing, apd J. Lorenzo Hairston, Central Warehouse, with 43 years each. Howard Stowe of the Finishing Mill Pad 41 years of continuous service. Dol- Pe p. Moore, of Karastan, had 39; and John Raymond Carter lof the Sheeting Mill had 38. Alice H. Higgins, of the Sheeting Mill, and Albert R. Lark, of the Karastan Sales Division, had 34. Vernes L. Pace, of the Blanket Mill, bad 33 years, and Augusta H. Azzolina, W the Blanket Mill, had 32 years. Lola McGavisk, Blanket Mill, and Charlie W. Saul, Karastan, each had 26 years. Othe.rs retiring and their years of 'Continuous service were: Mabel W. Stovall, Sheeting, 25; Mamie Shropshire, Sheet Finishing Mill, 21; ®mer H. Hawks, Blanket, 20; Harry Collins, Bedspread Mill, 16; Walter Willey, Sheeting Mill, 15; and Annie S- Meeks, Sheet Finishing, 5 years. b>ECEMBER 18, 1967 AVERY N. McCANN CHARLIE W. SAUL MABEL W. STOVALL MAMIE SHROPSHIRE HARRY C. COLLINS WALTER B. WILLEY ANNIE S. MEEKS
The Fieldcrest Mill Whistle (Spray, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 18, 1967, edition 1
3
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