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A Novel Superannuation Scheme

Published online by Cambridge University Press:  18 August 2016

H. W. Manly
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Information
Journal of the Institute of Actuaries , Volume 48 , Issue 1 , January 1914 , pp. 32 - 45
Copyright
Copyright © Institute and Faculty of Actuaries 1914

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References

page 33 note * Persons appointed since 1895 are compelled to take out Endowment Assurance Policies maturing at age 60 in an approved Society for amounts approximating to one year's salary.

page 39 note * When first we saw these Tables of contributions we began seriously to think. Why should the Committee select such a strange interval as two months for the periodic contributions? And why were the contributions so small? But when we came to the illustrations we discovered there were 24 bi-monthly contributions in a year! We trust our Australian cousins are not going to disfigure the English language with such a distortion as bi-monthly for half-monthly. We are glad to note that in the Report of the Actuarial Sub-Committee the interval is always described as half-monthly.—H. W. M.