Abstract

The Cost of Civil Pensions

August 31, 1911 issue

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The article focuses on a comprehensive monograph entitled "Savings and Annuity Plan," by Herbert D. Brown, for the retirement of superannuated civil service employees. In an answer to the cost to the clerk and the government, Brown points out that the ideal way to begin would be by retiring all superannuated employees forthwith, while compelling all other employees to start at once to save for their own future annuities. Elaborate calculations cited by Brown show that to put the Gillett bill into effect throughout the entire federal service, with pensions limited to $600, would cost the Government $87,055,280 during the, next seventy-eight years, until the present clerks were all dead.

See Also:

CIVIL service -- Pensions; CIVIL service -- United States; BROWN, Herbert D.; RETIREMENT; ANNUITIES; FEDERAL government; UNITED States
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