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"The amount of the retirement income . . . is dependent upon the rates included in the Group Annuity Contract. These rates are guaranteed with respect to contributions made before June 30, 1948, and may be changed with respect to subsequent annuity purchases."

The Braniff employees haven't been told the bad news yet, but before very long they will find out (if this doesn't stop it) that, come July 1, 1948, the annuity they've been getting for $10 is going to cost them from $11 to $11.50.

But, suppose the plan is in effect and you BUST your physical at 40. What will you get out of any of the Company pension plans? 
CALL THE ROLL.

UNITED (the oldest plan): You will get the money that you pay in yourself, with 2 per cent interest.

PAN AMERICAN (the next oldest plan): You will get your money back. PERIOD. No interest.

AMERICAN: You will get your money back too. But, that is all, no interest.

BRANIFF: Unless you have less than 5 years of service you have a choice: You may get your money back with interest at 2 per cent; or you can have deferred  annuities paid for out of your own and company contributions. This means "zero" immediate income--a deferred annuity is one where you have to wait for your money.

EASTERN: If you have 10 years of service, you have the same option of taking your own money out with 2 per cent interest, or having all the deferred  annuities earned up to the time you are busted out--again, if you take the deferred

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