National Geographic : 1928 Dec
HappyDay FTER the man who has won the right to retire in ease and comfort has been con gratulated, the wise president and board of directors who thus show their apprecia tion of faithful service also deserve con gratulations. Such appreciation inspires Z new courage in all hearts. The interests of capital and labor are inseparably linked. Through cooperative efforts their most difficult problems are being solved. Many of the biggest employers of labor have learned that officers as well as men in the ranks do better work if they know that years of loyal service will be amply rewarded. Stockholders expect dividends. Employ ees expect good wages. In wise manage ment there is a fair and just division of Business has welcomed the development of modern pension plans which have made possi ble retirement with a fixed income. While, in the past, many privately owned businesses have provided quietly for the needs of retired em ployees, scientific pension systems are a com paratively new development. Some of the earlier plans, dictated more by good intentions than by sound financing, are so hopelessly involved that they will earnings which must be preserved in a delicate balance. Not all of the yearly earnings may safely be paid out in dividends and pay checks. 4 ;liY . r, Long-headed business men make plans that permit the honorable retirement of veterans and the filling of their places by younger men. Big business recognizes that it is good business to establish the independence of faithful workers in their later years. By planning together for their mutual advan tage, employers and employees can build a sound Retirement Plan based on earn ings and savings that will provide a regu lar, definite income for life. No man of spirit wants charity but he does want an opportunity to become in dependent. have to be revised or completely abandoned. The Metropolitan Life Insurance Company has made a comprehensive study of more than 350 different pension plans in operation today. To employees and employers interested in a sound solution of pension problems, the Metropolitan will be glad to mail without charge, Booklet 128-N, "Sound Retirement Plans and What They Should Provide". HALEY FISKE, President. METROPOLITAN LIFE INSURANCE COMPANY-NEW YORK Biggest in the World, More Assets, More Policyholders, More Insurance in force, More new Insurance eachyear "Mention the Geographic-It identifies you."