WESTMEATH.

New Zealand Tablet, Volume XXX, Issue 32, 7 August 1902, Page 10

WESTMEATH.

The Athlone Woollen Mills have inaugurated a scheme of old age pensions for the benefit of- the workers of the company, by which those, who join the scheme — and it is quite optional — by paying 6d per week for each 10s of their wages, will receive the samo amount from, the firm, who in addition will allow three per cent per annum, at compound interest on both stums, computed from the end of each year in which the contributions are made. A worker, on reaching the age of 65, will be entitled t*o receive the full amo,unt standing to* his or her credit, either in weekly sums or in the p,m-chase of a business, or in the purchase of an annuity. The same terms will hold good in the case of a contributor who may have become incapacitated from work and retire from the service of tho firm. In case of death the sum standing to the credit of the deceased will be handed over to the legal representative.