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
A few unions have allowed aged members to draw all or a part of their
death benefit. Thus, the Granite Cutters permit members sixty years of
age who have been in continuous good standing for ten years to draw the
sum of $125.[205] The Typographia also pays an indeterminate lump sum to
aged members who wish to retire from the trade.
[Footnote 205: Constitution, 1905 (Boston, n.d.), p. 28.]
More important still, a considerable number of unions have made
provision for the payment of a superannuation benefit in one form or
another at a definite future date. Such unions are the Journeymen
Plumbers, the Pattern Makers, the Machinists and the Jewelry Workers.
In the Plumbers' Association any member of at least twenty years' full
membership and not less than forty-five years of age, who, through old
age or infirmity, is incapacitated from following his employment, is
entitled to the benefit according to a prescribed scale; those of twenty
consecutive years' full membership and not under sixty-five years of age
are to receive three hundred dollars; those of twenty-five years'
membership and not under seventy years of age, four hundred dollars;
those of thirty years' membership and over, five hundred dollars. The
rule providing for the payment of the benefit became effective in
January, 1903, but no benefit is to be paid before January, 1923.[206]
The Pattern Makers' League provides that superannuated members be
divided into two classes: (_a_) members sixty years of age and of
twenty-five years' continuous membership, who receive twelve dollars per
month, and (_b_) those sixty-five years of age and over and of thirty
years' membership, who receive sixteen dollars per month. The provisions
of this rule became operative July 1, 1900, and the first benefit will
be payable on July 1, 1920.[207] The Jewelry Workers have the same
specifications as the Pattern Makers. The rule went into effect January
1, 1902, but no benefit will be paid until January 1, 1922.[208] The
Machinists provide that any member sixty-five years of age and of ten
consecutive years' good standing shall receive five hundred dollars and
those sixty-eight years of age and of twenty years' standing shall
receive one thousand dollars. This benefit became effective June 1,
1903, and no payment can be made before June 1, 1913.
[Footnote 206: Constitution, 1904 (Chicago, n.d.), pp. 52-53.]
[Footnote 207: Constitution, 1906 (New York, n.d.), pp. 15-16.]
[Footnote 208: Constitution, 1902, Art. 11.]
The only two American trade unions which in 1908 are actually paying a
superannuation benefit as distinguished from a mere compounding of the
death benefit are the Granite Cutters and the Typographical Union. In
both the establishment of the benefit is very recent.
Public-domain text, read in full here on John Shaqi.
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