Some Dangers in Establishing a Pension System and the Proper Precautions (Classic Reprint) - Softcover

Dodd, Edward L.

Softcover

ISBN 10: 0243912757 ISBN 13: 9780243912759

Verlag: Forgotten Books, 2017

Inhaltsangabe

Excerpt from Some Dangers in Establishing a Pension System and the Proper Precautions

The company suggests, indeed, that a teacher pay five per cent of his salary and that his college pay an additional five per cent to be accumulated for his pension. Thus, a teacher with a salary of $200 monthly would pay $10 monthly, and his college would also pay $10 monthly. This suggestion, if carried out, would Virtually raise the salary of the teacher from $200 to $210; of this, $190 would be available for immediate use, and $20 would be set aside at four per cent interest to buy ultimately the pension. This suggestion is not an essential feature of the pension system, though it may commend itself to many.

It will be noticed that this system appears not to make adequate provision for the older men for whom the period of accumulation will be short. But an equitable adaptation for making such provision, whether the pension reserve is held by the college itself or by an insurance company, will be explained in Section 6. Again, it may appear to some unfair to make men who leave the teaching profession pay a larger price for the benefit to be received. But this pro vision would affect only a small percentage 'of college teach ers; and it is a consistent policy for a company organized for the special benefit of teachers.

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Details zur Ausgabe

• Verlag: Forgotten Books
• Erscheinungsdatum: 2017
• Sprache: Englisch
• ISBN 10: 0243912757
• ISBN 13: 9780243912759
• Einband: Taschenbuch
• Anzahl der Seiten: 34
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