Expand Group Security

To PROVIDE greater security for its personnel, the College put into effect June 1 an enlarged group life insurance plan for all employees and a new retirement program for its non-academic staff. These two moves, together with the faculty annuity plan already in effect, are believed to place Dartmouth in the forefront of educational institutions providing such security for their employees.

According to Max A. Norton '19, College bursar, who announced the new programs on behalf of the Trustees, approximately $2,500,000 of group life insurance has been added, through an arrangement with the Equitable Life Assurance Society of the United States, by liberalizing a plan which was introduced in October 1930. The 1930 program was one of the first adopted by an educational institution. The revised plan benefits approximately 1,000 employees.

Among the general increases in amounts of insurance for the various classes of employees is a new maximum of $l0,000 for each full-time member of the faculty and administrative officer. With this increase Dartmouth is believed to have equaled the maximum protection available in any other college or university.

Mr. Norton announced that the College will share with faculty members and administrative officers the cost of their group life insurance and will pay the entire cost of the protection for all other employees. It will also pay the greater portion of the cost of the new retirement program for non-academic employees, which provides for annuities after retirement, normally at age 65, on the basis of service both before and after the effective June 1 date.

Eligible to participate in the retirement program, also underwritten by the Equitable Life Assurance Society, are about 225 non-academic employees who have completed three years of service and are now between the ages of 30 and 60½

Provision for a revised retirement in come plan for members of the faculty and administrative officers, toward which the College also contributes, is now being studied separately.

Representing the Equitable in arranging the details of both the group life insurance and retirement programs was Chauncey D. Merrill '19, assistant manager of the Ralph Lowe Jr. agency in Boston.