LEYLAND INTRODUCE PENSION SCHEME
5th November 1954, Page 48
5th November 1954
Page 48
Page 48, 5th November 1954
— LEYLAND INTRODUCE PENSION SCHEME
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APENSION and life.assurance scheme for all 'employees of Leyland Motors. Ltd., will, it is hoped, be introduced on January 1. It will eventually cover 10,000 workers—hourly paid men between 21-64 and women between 21-59 who have been with the company for two years.
The company will meet the whole cost of the scheme. The fund will provide an annual pension for past service up to a rate of £1 a year for each year served with the company. Pensions for future service will be double that amount. A death benefit of £100 is payable if an employee dies before retirement age.