OCR Text |
Show CONTINE'STAL CONTINESTAL CONTINE\TAL CONTINE TAL CONTINENTAL ' \ ' OILCO"PANY OILCOMPANY OIL OILCOMPANY COMPANY CO"PANY COPANY " S 10 PENSIOVPLAN PENSIONPLAN PENSION PENSIOV PENSIONPLAN PLAN FOR EMPLOYEESPonca EMPLOYEES EMPLOYEESPonca Ponca City Okla OkIa OkIaThe Okla-The Okla The -The The - The Contmen Contmental Contmental Contmental tal Oil 011 company announced today todayth todaythe todaythi th the " establishment establisljment , of a , retirllnent retirement retirllnentand retirementand retlrimentand and pension fund tor for all of its itsemployees itsemployees Itsemployees employees who reach the age of 65 65in 65In 65to in the case of o1 men and 60 in the thecase thecase thecase case of womenThe womenThe women womenThe The plan according to Dan DanMoran DanMoran DanMoran Moran president of the company companywill companywill companywill will be cooperative In chalacter character chalacterI chalacteremployees characteremployees chaiacteremployees employees making rcg reg liar filar month monthly monthlycontributions monthlycontributions I Icontributions contributions which whJch will be supple suppleI supplemented supplemented supplemented I mented by a . contribution on the thecompany thecompany thecompany I company s pirt p'1.rt p1.rt p1rt part ' . It will provide n a nI aminimum aminimum I mmimum minimum benefit of $ $30 30 $ a . month monthand monthand monthand and in the average case the total totalretirement totalretirement totalretirement retirement income Including includmg the thefederal thefederal thefederal federal pension will amount tofigure to a afigure afigure , figure somewhere between beteen " , one third thirdand thirdand thirdand and one half of the employee employees employeessalary employeessalary s ssalary salary |