A Critical Analysis of Industrial Pension Systems
A Critical Analysis of Industrial Pension Systems
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In our eReader you can find the full English version of the book. Read A Critical Analysis of Industrial Pension Systems Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Critical Analysis of Industrial Pension Systems
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In tlius condemning the fundamental principles involved in "discretionary" pension systems, it should be recognized that such systems in actual practice often may be free from some of the abuses by which tiiey are easily subverted. Much depends upon the spirit in which the plan is actu-» ally administered. In many cases the actual in- terpretation of tiie plan is far more liberal than its letter. Employees who just fail of reaching the retirement age sometimes are permitted to participate in th...e pension benefit, at least to some extent. In general, however, no benefit is paid under a "discretionary" plan to a worker volun- tarily quitting ihe service, or to one who is dis- charged. In any case the worker cannot insist upon consideration as a matter of right. It may be noted in passing, moreover, that any disposi- tion toward greater liberality than the rules pre- Digitized by Google "DISCRETIONARY" TYPE 85 scribe carries with it the danger of impairing the financial stability of the scheme.
What to read after A Critical Analysis of Industrial Pension Systems?
You can find similar books in the "Read Also" column, or choose other free books by Conant, Luther, 1872- [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In tlius condemning the fundamental principles involved in "discretionary" pension systems, it should be recognized that such systems in actual practice often may be free from some of the abuses by which tiiey are easily subverted. Much depends upon the spirit in which the plan is actu-» ally administered. In many cases the actual in- terpretation of tiie plan is far more liberal than its letter. Employees who just fail of reaching the retirement age sometimes are permitted to participate in th...e pension benefit, at least to some extent. In general, however, no benefit is paid under a "discretionary" plan to a worker volun- tarily quitting ihe service, or to one who is dis- charged. In any case the worker cannot insist upon consideration as a matter of right. It may be noted in passing, moreover, that any disposi- tion toward greater liberality than the rules pre- Digitized by Google "DISCRETIONARY" TYPE 85 scribe carries with it the danger of impairing the financial stability of the scheme.
What to read after A Critical Analysis of Industrial Pension Systems?
You can find similar books in the "Read Also" column, or choose other free books by Conant, Luther, 1872- [from Old Catalog] to read onlineMoreLess
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