Masonry Magazine August 1962 Page. 5
CHART I
$7,310
Dollar Amounts Represent Total Expected Pay-Out
For Man Ago 65 In Average Health
LOGOND
$11,900
Benefit Due to
Past Service
$15,300
$17,000
$17,850
Benefit Due to
Future Service
$15
$30
345
360
$75
Monthly Benefits
$90 $105
funds require employer contributions in the range 0 to $.20 per hour. Probably the prevalent rate is ly $.15 per hour. In any case the rate will be ated in the light of current conditions in the locality her relevant points. Assuming that pension negotia- have been completed the question becomes, what should be followed after the general terms of the ning agreement have been ironed out? The path followed from this point may end up being a high expressway if the parties know what they are doing. The route may be a very arduous one through the main passes if there is insufficient knowledge on the the parties. For those who wish to follow the high expressway the procedure outlined below has been effective if the steps are followed in order.
Step 1: When agreeing on the negotiated contribution ry to make it effective after a specific period, such sooner than one month after Internal Revenue Service approved the formal pension plan.
Step 2: Appoint the trustees for the pension plan. In a Taft-Hartley fund, an equal number should be appointed to represent the employers on the one side and the employees on the other side. For maximum simplicity coupled with proper representation, try to keep the number of trustees down to a controllable size, preferably only two or three trustees for each side.
Step 3: Development of formal pension plan. This involves the collection of pertinent employee data and placing the problem in the hands of technical experts.
Step 4: Discussion of the plan with the employees.
Step 5: Selection of insurance company or bank trustee for the funding of the plan.
ANCHOR
RTAR & PLASTER
IXERS
You'll save when you buy
DIRECT-FROM-OUR-FACTORY
MODEL 6WS
The quickest and most convenient method of getting in- ormation is to phone us collect. Rest assured that your call vill not obligate you in any way and it will give us an opportunity to answer any questions you may have about ur equipment or our modern method of selling.
ANCHOR 6WS MIXER
6 CU. FT. CAPACITY WITH
10 H.P. WISCONSIN 1 CYLINDER ENGINE
List Price
$675.00
15% Discount 101.25
ON DIRECT
FACTORY SALES
$545.06
$573.75
5% Discount
28.69
IF CHECK IS
MAILED WITH ORDER
YOUR COST
$545.06
F.O.B. Chicago
Call Anchor collect. It costs you nothing to get more information or to place an order.
CHICAGO
BISHOP
7-2530
6108
CHOR MANUFACTURING CO., 2920 West 26th Street, Chicago 23, Illinois