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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 22, 1950
Page
8
Fragmentary item from Elyria Chronicle Telegram dated March 22 194. The readable text mentions names, a local event, and possible notices but lacks complete details for a full summary.
Grant Company officials note vacations with pay vary by service length. After one year, employees receive two weeks. five years yields three weeks. twenty five years four weeks. Those with less than a year can take one week after six months. A Christmas bonus is also paid based on profit and length of service. Cooperation among staff aids opening Elyria store as assistant managers and floor men from district stores contribute.
The local manager aids tomorrow's opening by arranging merchandise and pricing for shopper convenience. A parish meeting last Thursday drew 20 members with Mrs Dunn recounting St Patrick and Mrs Conry presenting Father Flannigan's Boys Town history. Refreshments were served by Mrs Berry and Mrs Brawley.
Wakeman Frank Rice returned home after time with Mr and Mrs Elza Rice in Tucson Arizona Mrs William Bailey hosted a pinochle club event last Monday night with prizes to Mae Steyer Doris Kuhn and Evelyn Shinksky A gift was given to Mary Louise for her new home Hale McClaflin joined Fisher Body in Norwalk after leaving Clark Seed Co March 1 A pink and blue shower for Mrs Mark Chase Gerry Ross of New London drew about 15 guests Don Casino sprained ankle after a fall on ice Mrs Joe Molesky welcomed a daughter Kathryn born Saturday March 11 weighing 612 pounds A son was born to Mr and Mrs Jim Conry Virginia Campbell Dr and Mrs Robert Gregg attended the wedding of Miss Fanchon Whiteside to Floyd Livingston at Mount Olive Lutheran church Flint Michigan Altar Society meets St Marys Altar and Rosary So
Mrs Walter Grills and Mr Elza Durkee hosted a dinner for Lee Grills 16th birthday with guests including Bill Gehlke Leland Durkee Jr Jack Fishburn and Kenneth Grills. The event featured a musical cake plate and multiple gifts while other local notices mention club activities nursing caps and a turkey farmer anecdote about a fire and frozen stock saving losses.
The W. T. Grant Company announces a nationwide employee pension plan designed to provide lifetime retirement income starting at age 60. It includes disability benefits and continuation of benefits on death or termination of service. About 4,600 employees participate, with roughly 70 percent being women, and the plan has been in effect since July 1, 1942.
The plan covers all full time employees and has paid retirement benefits to nearly 400 former workers. Key points include free benefits up to 1500 annual income, company contributions averaging about 75 percent, a retirement age of 60, disability protection, and 10000 termination and death benefits after 15 years. Service credits prior to 1942 were included and military leave credits provided. A six-member Retirement Board administers the plan with assets held in trust by Guaranty Trust Co of New York.
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