Show PENSIONING RAILROAD EMPLOYEES The New York Central Railroad company ha has established a pension system for employees All employees are arc to to be ret retired red at the age of 70 79 and the right to a pension if the employees have been in in the service of the company for ten years ears or more Twenty years ears continuous service entitles an employee employee em em- to a pension before he has reached the tile age of pf 70 The amount amount- of compensation is 1 per cent each year ear of continuous service based upon the average average av av- av- av rate of pay during the ten years ears preceding re re- re- re The matter of age limit is copied irom the pension law alrea already in force on the tile Pennsylvania Pennsylva Pennsylva- nj nia road The Pennsylvania company's annual rep report re re- re- re p port pt t shows that from 1903 to 1908 it has distributed d in pensions to to for former ner empl employees ees 23 From 1903 1993 to 1906 its annual appropriation for pension purposes was In 1907 and 1908 it was The number of pensioners on the rolls of th the company at th the end of 1903 was 1599 In 1908 it w was s 2176 The aYe average number of men retired annually has been and the average number dumber of d deaths among pensioners has hag been It is thought that that will be the rule oh on all the leading railroads of the continent in a short time The number retiring on the Pennsylvania road what a gigantic gigant c corporation it is It I sho s fl farther that were the government to bu buy the railroads railroads railroads rail rail- roads of the tile country and have all the hundreds of thousands employees looking to one source for forth 1 th their ir pay it would be possible for an ambitious wan man to into the graces of those employees aid be a power only exceeded by that of the tue gov gov |