Higher Life for Working People Its Hindrances Discussed An Attempt to Solve So

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Higher Life for Working People Its Hindrances Discussed An Attempt to Solve So
W Walker William Walker Stephens
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(Sd. Per month on his own account, or, if not so much at first, he could, as his rate of wages rose, so apply his savings that the extra 2s. Q>d. Monthly would be averaged. Thus the annuity would become 18Z. 4s. This as a minimum, for the fund belonging to the survivors at the age of 60 would, in accordance with the principle of mutual insurance, be augmented OLD-AGE ANNUITIES 65 by the lapsed funds of all contributors who had dis- continued their connection with the scheme, or who had died bef...ore having reached the ' surrender value ' or the annuity period. The value of this source of income the writer, of course, cannot pretend to estimate, but it is easy to understand that from it the amount of the annuity would be materially increased.
The writers who have advocated the ' hundred and more ' pension schemes which were the despair of the Select Committee are certain to con- jee ions (jgj-^j^ ^Yie scheme sketched above, inasmuch as it does not provide for that immense class of aged existing poor already around us, but provides only a relief in the distant future for those men beginning to form provident habits.


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