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SUPLLEMENT. RY EMPLOYEES 4s the LongLac Retirement Trust, which has been set up to provide pensions on re- tirement for Longleac employees, is a non- contributory plan, a number of employees have expressed e wish thet a supplomentary pension plan be made availnble so that they themselves would be eble to make provision for a guaranteed income on retirement, over and above the Comprany pension they would qualify for. With this in mind, the Sun Life assurance Company of Canada has been working out the details of just such 2 plan, On Friday last an announcement letter was distributed to Mill and Staff Members from D. C. Porter, Mill Manager, concerning the supplementary plan which has been appro- ved by the Company and 2lso has the approval of Local 665 here, The general purpose of the plan is to help employees set aside money out of their earnings either for a more comfortable retirement or for a rainy dey. Briefly, the mechanics of the plan pro- vide that on strictly voluntary basis, employees may agree to put a regular monthly amount into the plen, The accounting depart- ment will deduct this amount from the indiv- idual's pay ench month, and an individual contract is entered into with the Sun Life assurance Company, covering the savings and pension benefits which accrue, With this supplementary plan now being offered, the fact that deposits are deducted from our pay month cfter month, will ensure that we are maintaining a regular savings progrem and it will eventually create what we set out to do, This is one of the obvious edvantages of the pinn,. Another good feature that everyone should be foemilicr with is that the individ- ual contract is very flexible. You don't have to stay with it until norm:l retirement age at 65. You may convert it to pension starting nt an earlier age, or you may later on withdraw the accumulctive cash in a lump sum.. Of course, the longer a person pays into the plen, the more he will be able to draw out. Because there is a choice of plans avail- sble (one including . life insurance benefit) and because the results are different at each age, it is impractical to quote actual fig- ures in this brief article. However, arrnange- ments heave been meade in order that every one interested may obtain full information, Mr, J. Soul Ross, representative of the Sun Life ..ssurance Company has been contacting office employees this week and will start contacting mill employees later in the week, (cont. in next column) PENSION PLN w.Vu.1L. BLE TO a Ce & Page 4 making use of the Operating Personnel Man's Office in the mill as required, Mr. Ross will return to Terrace Bry about the middle of September to spend additional timo in the mill in connection with the plan, Ed. Brady at Local 1 will have infor- mation as to Mr. Saul Ross* whereabouts in the event that he is not available through the Operating Personnel Man's Office locat- ion, It only takes about -10 minutes to obtain the information you require, and then you ean decide whether or not you wish to enroll, The new plan is creating a lot of interest, and many employees have made enquiries, studied figures, and started to lay something definite awny either for eventucl retirement, or for that possible rainy day. 0-0-0 LABOUR DiY CELEBR..TION Well, kiddies and folks, are you ready for the big Labour Day Sports Meet on Mondey, September 3rd? Dressed-up bicycles and baby carriages. All kinds of races, Have you big strong men lined up your Tug '0O War team yet? (5 men per team.) Are your ears just wyiting to hear the caller scy "Bingo"? Heve you made arrangements for that baby sitter so that you can go to the Free Dance? (Everybody welcome) You'd better git ernckin' folks, it's going to be a groat day. If you wish further information, get in touch with Bob Rickard or any member of the Committee, o-0-0 fny persons having old magazines around the house for which they have no further use, are aske to contact Miss Wilson at the Hospital, oe HORSEPL/Y SOMETIMES B..CK-FIRES} a, or lett at ate ( Hey Joe - Your,) - { shoelace i 2 Se > WHEN YOU SEE | AN UNSAFE CONDITION | - REPORT IT |