Publisher's Synopsis
Excerpt from Pension, Endowment, Life Assurance: And Other Schemes for Employees of Commercial Companies
Preface the subject of Pensions is one which will always arouse a considerable amount of interest and discussion.
Volumes have been written in connection with Old Age Pensions for the aged poor, the papers have been full of the question of Army and Navy Pensions, and the Civil Service and Railways have sought to solve the problem of pensions for their employees, but it is only recently that much thought has been given to the desirability of pensions for employees in business houses and commercial firms.
These few notes may contribute some fresh ideas as to the formation and maintenance of pension funds on sound lines.
It is better to be safe than sorry, and therefore the money value system, as it is termed, is the system advocated in these notes, a system which is mainly independent of the severe ?uctuations in wages which have been so marked in recent years.
Notes are also given of one or two staff endowment schemes, a form of contributory provision for old age, which goes some little way towards the recognition of long and faithful service, and is somewhat less costly than a pension scheme, although not so effective a provision for retirement.
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