Increased Benefits
For Bank Employees
Members of the staff of the First
National Bank of Portland which in
cludes the Coquille branch, were' told
this week of new and additional
benefits available io them to provide
I .or contingencies of sickness, dis
ability and hospitalization. Also an
nounced to the employees of the
' First National this week by President
. E. B. MacNaugtjton were three new
up. ions for their benefit in the First
National’s present Retirement Plan.
Under the Sickness and Disability
plan of the First National, according
to MacNaughton, the employees o/
the Bank will receive sick benefits
starting with one week’s full salary
for those having three months but
less than one year's service and in
creasing for each year of service up
to ten years. Upon completion of
ten years’ service the employee will
be eligible to receive ( a full year’s
,sick leave with salary payments
made up of 12 weeks full pay and
40 weeks hall pay. Group Life In
surance’benefits provide for monthly
payments for total and permanent
.disability.
* The group hospitalization and sur
gical benefits plan for First aNtlonal
employees is a voluntary arrange
ment participated in by the em
ploye and the bank. The new pro-
i visions are being introduced in this
.group plan.
First, a provision for
surgical and hospitalization benefits
for family dependents, and secondly,
the underwriting by the Bank of one-
half the premium for this insurance
for all employees who avail them
selves of the protection. Benefits
up to a maximum of 70 days plus
surgical, medical «&nd diagnostic X-
Ray costs.
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• New provlsiosu^being added to the
Retirement Plan include one In
which the First National now makes
' it possible for an employee who does
not reach retirement age in the em
ployment of the bank to purchase
. with his premium deposits and the
I premium deposits made by the bank
in his behalf, a paid up annuity at
age 63.
Another new provision added to
the Retirement Plan makes it pos
sible for an employee who wishes
to retire before the age of 65 when
Federal Social Security payments
start to obtain an increased retlre-
, merit payment from the Bank's pen
sion fund until his social security
• payments begin.
Third new provision added (to the
'Bank’s Retirement Plan is a’clause
. under which all employees who
' found it necessary to withdraw from
' the pension plan when entering mili-
: tary service may resume particlpa-
I tion at the same rate which they en-
| joyed when withdrawing from the
1 plan.
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Pedestrians Must Be Careful
As Well As Auto Driven
Oregon Journal
Coquille
Representative
Pedestrian deaths amounted to 38
per cent of the Oregon traffic toll
for the month of July when 22 per
sons were killed, eight of whom were
pedestrians, ' according to an an
nouncement from the safety division
of the secretary of state's office. *
Of the eight pedestrians. killed,
five, or 62 per cent were engaged
• in unsafe walking . practices at the
time they were struck. These un
safe actions, included
jaywalking,
stepping into the street from be
tween parked vehicles and crossing
highways without looking for ap-
j proaching vehicles.
“Pedestrian protection is both a
, rural and urban problem, according
to the safety division,
“In rural
areas, persons who walk on the
right side of the highway, with
traffic, are in danger of being struck*
by cars cofning from their rear. In
the country,* the rule is, walk on the
left, facing approaching traffic. Then,
step off the paved portion of the
road when car* approach.
“Now that school is under way, it
is important that school children
understand and practice safe walk
ing rules while proceeding along
rural highways. They should walk
on the left and walk in single file.
When crossing rural highways, be
sure no cars are approaching near
enough to constitute a hazanj,"
The safety division warned that
children playing In the streets con
stitute a serious traffic hazard, es- !
pecialty during the hours of dark-1
ness in the evening, Many accidents
tiave resulted from this dangerous
practice.
Wherever possible, chil-
dren should play in playgrounds or
’on vacant olts.
LOANS *50 to *1000
(A full year, to repay)
•Qnu Stanek
OF PORTLAND