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Note on a fundamental question underlying the Pension Problem; with a reference to the School Teachers’ Superannuation Act, 1918

Published online by Cambridge University Press:  18 August 2016

W. J. H. Whittall
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Journal of the Institute of Actuaries , Volume 51 , Issue 3 , April 1919 , pp. 245 - 259
Copyright
Copyright © Institute and Faculty of Actuaries 1919

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References

page 248 note * See J.I.A., vol. xxxvi, p. 258, and vol. xlviii, p. 34.

page 248 note † This is what has been known as the “deferred pay” principle when that term is applied in its strict sense; but it has often been used loosely, and I think it better now to use a more exact phrase.

page 249 note * J.I.A., vol. xlvi, p 373.

page 252 note * The companies might well consider whether and how they should contest this supposed principle, which has been invoked before (Cd. 7365). The Government to which Mr. Fisher belonged must have paid many hundreds, if not thousands, of millions to armament and equipment companies—concerns which certainly do not return the whole or greater part of their profits to their customers as do life offices.