Retirement plan for government clerks advances pension scheme
A Keep Commission subcommittee proposes a retirement system for federal clerks at age seventy with an annual annuity equal to 1.5 percent of pay each year served. The plan requires monthly salary deductions and government initial funding, rising to self sufficiency by year thirty, with compulsory retirement optional and ongoing service allowed. Estimated initial cost is 725000, rising to 1746561 by year thirty, then tapering as the system becomes self supporting. President Roosevelt is expected to back the measure in Congress.
MENTIONED IN THIS ARTICLE
Keep Commission
Commission
Insurance Actuaries
Congress
Roosevelt
Police Boat Search for Gonzaga Student Body Member
Police boat Vigilant went to Glymont to search for Henry Volker an eighteen year old Gonzaga College student who disappeared after a river excursion with classmates. He reportedly swam into woods then back to water where cramps caused drowning.
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Glymont
Gonzaga
Henry Volker
Young
Volker
College
Vatoldi
Whs Goen
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Conn. Avenue
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White House
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Heurich
Maerzen
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Borat Rubber
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F Street
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Washington Gaslight Co
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Hiveton Homes
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Meinema
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14Th ‘Street
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Daniel Doody
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Indorsement
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