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
The per capita cost in the four unions, for the last year in which data
are available, ranged from $3.59 in the Cigar Makers to $2.18 in the
Leather Workers on Horse Goods. The chief reason for the higher per
capita cost to the Cigar Makers and the Typographia is the more liberal
provision for the payment of the benefit. In both of these unions the
relief is paid from the time the illness is reported. The Iron Molders
and the Leather Workers do not pay a sick benefit unless the illness
extends over two weeks. In the case of the Iron Molders the benefit
begins with the second week. Just how effective these limitations are in
keeping down the cost per member can only be conjectured since the
statistical records of the unions do not afford data for a thoroughgoing
analysis. The financier of the Iron Molders estimated in 1902 that if
the union had paid for the first week of sickness, the amount paid in
sick benefits would have been increased twenty-three per cent.[154]
[Footnote 154: Iron Molders' Journal, September, 1902, Supplement, p.
648.]
TOTAL AND PER CAPITA COST OF THE SICK BENEFIT.
==============================================================================
Year.|Cigar Makers. | Typographia. | Iron Molders. |Leather Workers
| | | |on Horse Goods.
------------------------------------------------------------------------------
|Total Cost.| Per | |Per | | Per | |Per
| |Capita| Total |Capita| Total |Capita| Total |Capita
| | Cost.| Cost | | Cost. | Cost.| Cost. |Cost.
------------------------------------------------------------------------------
1881 |$ 3,987.73| $ .27| | | | | |
1882 | 17,145.29| 1.50| | | | | |
1883 | 22,250.56| 1.68| | | | | |
1884 | 31,551.50| 2.77| | | | | |
1885 | 29,379.89| 2.44|$2,444.85|$4.37 | | | |
1886 | 42,225.59| 1.71| 2,751.35| 2.89 | | | |
1887 | 63,900.88| 3.10| 3,034.60| 2.82 | | | |
1888 | 58,824.19| 3.40| 3,495.90| 3.10 | | | |
1889 | 59,519.94| 3.29| 4,831.50| 4.27 | | | |
1890 | 64,660.47| 2.55| 5,361.36| 4.34 | | | |
1891 | 87,472.97| 3.40| 6,175.88| 4.67 | | | |
1892 | 89,906.30| 3.22| 6,790.60| 4.91 | | | |
1893 | 104,391.83| 3.68| 6,051.65| 4.33 | | | |
1894 | 106,758.37| 3.64| 7,004.07| 5.81 | | | |
1895 | 112,567.06| 3.82| 5,098.98| 4.66 | | | |
1896 | 109,208.62| 3.74| 5,426.65| 4.86 |$ 38,511.00| $1.79| |
1897 | 112,774.63| 4.00| 4,681.25| 4.32 | 36,720.00| 1.59| |
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