MANAGEMENT: Retirement Plan

To soften the shock of retirement on employees, Chicago's William Wrigley Jr. Co. will retire its oldsters on an installment plan. Beginning this year, said President James C. Cox, Wrigley workers who reach the retirement age of 65, but are willing and able to keep on working, will get a month's leave of absence without pay the first year, two months the second year, and so on until they are eventually retired altogether.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!