Historical Newspapers of South Carolina

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Old Timers Begin Retirement Following Long Work Careers Clinton Mills is pleased to salute these "Old Timers" who recently retired following long tenures of service to the company. Fern He Jman Bailey Plant Security Officer 32 Years, 7 Months I Think al J ?V Why Shouldn Question: What are some of the distinct disadvantages in voluntarily quitting your job to draw your Profit Sharing Account balance? In the event an active employee voluntarily quits his job in order to draw his Profit Sharing, he would be disadvantaged in the i # . j Dan Dunaway No. 2 Carding 50 Years Brifl filIP? | l pr'fsi htm Henry Trammell No. 2 Security Officer 28 Va Years bout it. The blood you give I ICipd others iive. \ - /wm ' I Aiiit llti IaK i i wuii my juu following areas if he\later indicated an interest in being considered for reemployment: ^ 1. Group Life and Health Insurance would be discontinued (30 days waiting period without any coverage for new employees). 2. Loss of July 4th and Christmas Vacation Pay...until new periods of eligibility are I Ruby W. Cook Lydia Spinning 39 V2 Years ItB ; Al Lancaster p Cotton Classer f< 28 Years Geneva Re it L- IL? ?* | y I J s 4 # f M |fl Malzie Rudd No. 1 Spinning Geneva To Draw My Prof met. c 3. Possibility of not meeting physical requirements for re-employment. r 4. Loss of company continuous service. 5. Loss of job seniority which would affect ? shift placement preference. < 6. There could be thirty (30) to sixty (60) \ days, minimum, before employee could be ; Page 5 v i . SJ I /vJ*1 ( J Arthur Byrd Lydia Shop 26 V2 Years Lancaster Ends Cotton Classing Al Lancaster. Clinton Mills' cotton classer nee June of 1953. retired July 9. following /er 28 years of service to the company. In honoring Lancaster, Clinton Board hairman Rnhprt M Uanrp cairl "0\ypr tho ast 28 years, Al's wise selection of almost vo million bales of cotton, his enthusiastic cceptance of the latest electronic fiber istmg equipment, and his personal know;dge of cotton fibers have played an imporant role in Clinton's superior quality fabric roduction." Bill Hill, who had been working closely 'ith Al since February 12, 1979, has ssumed the position previously held by ancaster. Clinton's cotton buying and classing deartment playsa vital role in the plant manuactunngas it selects, receives, classes, and acommends mixes to process. tirements js A ^Hi Bonnie Quattlebaum No. 1 Spinning Geneva it Sharing? :onsidered for re-employment. 7. Profit sharing account payout must be eported to Internal Revenue Service. 8. If between the ages of 16 and 25, an ?mployee must be 25 years of age and have :ompleted one (1) year of continuous service in order to be eligible under the provi >ion of the new retirement plan.