Ogden Evening Standard | 1912-01-13 | Page 5 | Pensions Will Reach Million

PENSIONS WILL REHCHJILLION Tho voluntary pension distribution of the Southern Pacific company will reach the million dollar mark before the first day of April, this year. Since tho inauguration of the pension department de-partment In January, 1903, 984,538 has been voluntarily disbursed among the retiied employes of this corporation corpor-ation The total disbursements for December. 1911, were S17.073 This was divided among 4G7 former employes em-ployes who have been retired for age, disqualifying disability and total disability. The total pension disbursements disburse-ments for tho year 1911 were ?1S4,-704.05. ?1S4,-704.05. Since the organization of the pension pen-sion department the Southern Pacific company has pensioned 692 of Its former for-mer employes. Tho number on the pension roll at tho close of 1911 was 4G7. These employes are from the operating dopartment, train service, motive power department, including englnemen, maintenance of way department, de-partment, stores department, traffic department, accounting department, general offices, ferry and river steamers steam-ers and Atlantic steamship lines The Southern Pacific pension system does not require any contributions from tho employes during the time they aro in service, nor at any time T nnirlh nf i....-l l . .u,. ",-"blu v- v:uui.iuurti aerviue is uie only requirement. All paymonts are made from the general funds of tho railroad. A unique idea of tho beneficiaries of the pension bureau the annual reunion re-union has met with unanimous favor. The first affair of this character was held in 1910. This year it has been decided to hold the reunion on May 10, the forty-third anniversary of the diiving of tho last spike connecting the Central and Union Pacific railroads. rail-roads. At these affairs these railroads rail-roads are rebuilt in reminiscence and the old timers who have not met for years recount their experiences of tho time the first railroad to the west was constructed.