Carnegie Pensions

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In other words, we must not forget that it is a condition we are facing. The necessity for a retirement fund for teachers or some form of compulsory insurance is in the last analysis based upon the fact that teachers are underpaid. Why should this continue? Would it not be desirable to make a fight for adequate payment of teachers, end by adequate payment I mean salaries which would be sufficiently large to permit of proper living conditions and at the same time to leave enough surplus, so that... the individual could him- self or herself provide for old age through the usual channels, i. E. , regular insurance companies. It seems to me that such conditions would be much more compatible with self respect than the 6 78 CAENEGIE present conditions, which it is apparently as- sumed are to continue indefinitely.
UNLESS the foundation can provide insurance at considerably less cost than the established in- surance companies, I should think most men would prefer the standard insurance companies.


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