Page 4
CHEM TEXTS
What Would Some Company-Paid Benefits Cost If You Bought Them Yourself?
Have you ever wondered what some of your company-paid employe benefits would cost if you had to buy them yourself?
If you’re anything like the average wage employe – – a 40-year old married man with two children, 10 years of service and earnings of $550 a month – – the cost would be virtually prohibitive. You would have to pay about one-sixth of your yearly earnings – – $1,128.80, to be exact – – for protection that wouldn’t be nearly as good as the benefits provided free by the company. And we’re talking about only some of the benefits. The cost would be much greater if we included all of the benefits that Uniroyal provides for employes.
Let’s suppose that as an average employe you had to purchase your own pension, life insurance, accidental death and dismemberment insurance, hospital and surgical coverage, and accident and sickness insurance. For these benefits alone, here is what you would have to pay for the best comparable protection.
Pension: $509 a year until retirement. That is the cost of an annuity that would equal your present free pension benefit of almost $200 a month under the new plan. If you had the will power, you could put the same amount into a savings account or buy stocks regularly through a broker.
Life and Accidental Death and Dismemberment Insurance: $102.04 a year. This amount will buy a $7,500 term life insurance policy, $7,500 non-occupational AD & D coverage and $3,750 occupational AD & D. In addition, you would have to submit medical evidence of insur-
ability. The company’s insurance does not require this.
Hospital and Surgical: $407 a year. This is a vital benefit. The company’s plans provide full payment of the usual and customary surgical fees in your area as well as full payment of a semi-private hospital room and other hospital charges for 730 days. The best comparable protection you could buy would provide a schedule of surgical payments – – a certain amount of money for certain kinds of medical services – – and a semi-private room with a limit on daily room and board charges. Obviously, the Uniroyal plan provides much more comprehensive protection for you and your family.
Accident and Sickness Insurance: $110.76 a year. This would provide $70 a week for 39 weeks in the event of disability or illness.
“This is only a partial list of company-paid benefits, those you can purchase yourself,” said N.H. Fletcher, director of pensions, insurance and employe benefits at ‘1230’. “Other important benefits which the company pays for or contributes to include paid vacations, nine paid holidays, supplemental unemployment benefits, Social Security taxes, unemployment compensation, bereavement pay and many others. To really match the company’s benefits program, employes would have to be so wealthy that they could afford to be self-insured.”
The answer to our original question of what some of your benefits would cost if you had to buy them yourself, should be evident by now. They would cost a great deal more than most of us realize and a lot more than most people can afford.
WANT AD SECTION
This section of Chem-Texts will be set aside in each issue as a curtesy to our employees. Ads of 15 words or less about items wanted or to sell or trade will be published on a first come-first serve basis. They will be run in one issue only and should be re-submitted if you wish them published in later issues. Send all information to R.F. Shortt, Industrial Relations department. Remember, your signature must be included on your ad application or it will not be used.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Name . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Phone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Uniroyal Plans Promotion Through Major League Baseball
Baseball will sell a lot of our products next year – – and our company will sell a lot of baseball.
Working with major league baseball and The Reader’s Digest, the company will produce a 40-page detachable section about baseball and Uniroyal products that will be published in the May 1968 issue of the Digest. Twenty of the pages will feature by-lined articles about baseball written by noted sports experts, leading feature writers and outstanding baseball personalities. The remaining 20 pages will highlight the company and its major consumer and industrial products, such as Uniroyal Master, Tiger Paw and Rain tires, Keds and Naugahyde.
The Reader’s Digest has a monthly circulation over 17 million, the largest in the world, and a total readership in excess of 50 million.
The insert will form the basis of a promotional program that will last for the entire baseball season, which is the major selling season for many of our products. Several million reprints of the insert will be distributed by the company at ball parks and dealer outlets, affording long-term promotional opportunities for Uniroyal products at the retail level.
According to J.R. McMenamin, director of advertising, the promotion will be “the most exciting program we have ever sponsored. Since baseball has universal appeal, this booklet will make fascinating reading for all members of the family. In it will be articles of great interest not only to the avid fan, but to women who may know nothing about the game, as well as tips for Little Leaguers, teenagers and the kid who never held a bat.”
Baseball Commissioner William D. Eckert noted that the tie between baseball, Uniroyal and The Reader’s Digest is appropriate. Some 70 million spectators have enjoyed major and minor league baseball during the past two years, making baseball America’s favorite sport by far. We are pleased to be associated with such outstanding companies as Uniroyal and The Reader’s Digest, which will carry the fun and excitement of baseball to families throughout the nation.”
DON’T FORGET . . . .
One Gift Works Many Wonders
UNITED
WE GIVE
Naugatuck Chemical United Givers Campaign 1968
Get those contributions or pledge cards in to your area representative or the Industrial Relations department. Let’s make sure we again give a good account of ourselves in this worthwhile cause.
TEST FIRES
Plant protection supervisor, Ed Weaving, is shown, below, extinguishing a test fire during Fire Prevention Week. Ed worked with a number of employees during the week, letting them extinguish the test fires themselves. It all adds up to another step in our preparedness program.
[PHOTO: Man extinguishing fire]
Snow Tire Sale To End Dec. 15
The special employee sale prices on Winteride and Winter Patrol tires will be in effect until Dec. 15. Tire dealers in the area are Poust’s and Mezzio’s in Naugatuck; Advance Tire in Waterbury; Fitzpatrick’s in Ansonia and of course, any of the Uniroyal stores. Tire form and credit applications may be obtained at the Synthetic plant hospital or the Industrial Relations department.
FLU SHOTS
The Safety Department has been encouraged by the number of employees that have received flu shots this year at the Plant Hospitals. The Plant Nurses have given over 700 flu shots to date. Flu Shots are given daily by the Nurse at both Plant Hospitals to any Uniroyal Chemical employee who voluntarily requests them. There is still time if you act now. Call one of the Plant Hospitals for an appointment.
CHEM TEXTS
PUBLISHED BY THE INDUSTRIAL RELATIONS DEPARTMENT
UNIROYAL CHEMICAL, NAUGATUCK, CONNECTICUT
UNIROYAL Chemical
Naugatuck, Connecticut 06770
U.S. Postage
PAID
Permit No. 10
Naugatuck, Conn. 06770