Beneficiary Features of American Trade UnionsKennedy, James Boyd
History
Beneficiary Features of American Trade Unions
Kennedy, James Boyd
Fraternal insurance -- United States; Labor unions -- United States
TOTAL AND PER CAPITA COST OF THE WIFE'S FUNERAL BENEFIT.
================================================================
| | | Total | Annual Cost
| |Member-| Expenditure | per Member
Union. | Year. |ship | for Wife's | of Wife's
| | | Funeral | Funeral
| | | Benefit. | Benefit.
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Brotherhood |1894-1896 | 29,500| $13,525.00| $ .23
of Carpenters |1896-1898 | 30,600| 6,725.00| .11
|1898-1900 | 50,000| |
|1900-1902 |106,800| 29,540.00| .13
|1902-1904 |141,800| 46,892.60| .16
|1904-1906 |165,700| 45,525.00| .13
| | | |
|Jan. 1-July 1,| | |
Tailors | 1890-1891 | 3,760| 4,925.00| .86-2/3
|July 1-Jan. 1,| | |
| 1891-1894 | 7,560| 12,150.00| .64
| 1894 | 8,200| 3,600.00| .44
| 1895 | 8,600| 2,435.00| .28
| 1896 | 9,600| 1,674.70| .17
|To July 1, | | |
| 1897 | 10,500| 499.00| .10
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In both unions the per capita cost of the benefit was relatively high at
the outset, chiefly on account of the larger size of the benefit, but
partly on account of the laxity of the rules governing its
administration. In the Carpenters the wife's funeral benefit of
twenty-five dollars and fifty dollars to members in good standing for
six months and one year, respectively, costs each member about fifteen
cents annually. The cost of the seventy-five dollar wife's funeral
benefit in the Tailors' Union ran in the first year as high as
eighty-six and two thirds cents. At the time the benefit was abolished
the amount paid was practically the same as that now paid by the
Carpenters and the per capita cost had fallen to about seventeen cents
in 1896. It may fairly be concluded that a wife's funeral benefit of
twenty-five dollars will cost each member of the union about fifteen
cents annually.
Public-domain text, read in full here on John Shaqi.
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