HOLMES AND NARVER
ENGINEERS
Page 1 of 1
Contract AT-(29-1)-507
FRINGE BENEFIT POLICIES
Fiscal Bulletin No. 1
Revision No. 2
April 4, 1950
TO:
THE STAFF
FROM:
C. H. THOMPSON, CHIEF FISCAL OFFICER
Fiscal Bulletin No. 1, as revised, is hereby
supplemented to in-
corporate therein the following Fringe Benefit Provision conforming to
our previously established policy:
At the discretion of our management, payment of premiums on short
term life, health or accident insurance phlicies, secured for executives
and key personnel engaged in hazardous assignments and/or assignments
of an unusual nature, voiding or limiting the protection provided the
employee by his personal insurance coverage.
For several years our management has considered inauguration of:
(a)
Group Insurance Plan (with employees
and employer participating jointly in
the premiums payments)
(b)
Employees Pension Plan (on a joint employee-
employer cost participation basis)
Subject Fiscal Bulletin is hereby amended to provide that immedi-
ately upon installation of either (or both) plans (a) and (b) above,
such plans shall automatically become an integral part of our established employee Pringe Benefit Program.
CHT: RLC: vp
ce: J. W. Carlson
C, H. Thompson
Chief Fiscal Officer
Auditor in Charge
C. H. Thompson
Controller (3)
11-69