Pension, Endowment, Life Assurance, And Other Schemes for Employees of Commercial Companies
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In our eReader you can find the full English version of the book. Read Pension, Endowment, Life Assurance, And Other Schemes for Employees of Commercial Companies 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 Pension, Endowment, Life Assurance, And Other Schemes for Employees of Commercial Companies
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To quickly assess the difficulty of the text, read a short excerpt:
It would also be better to start with a low minimum on these lines in order to grant a breakdown benefit as well out of this initial 2J per cent, reserve fund.
(2) The employees should contribute annually a minimum of 2^ per cent, of their wages increasing to 5 per cent, or higher for older officials, these amounts with compound interest being payable at death or withdrawal. An entry would be made on the employee's contribution card showing the amount of pension secured at age 65 by each year's... contribution and also the corresponding alternative Ceish Option at 65.
(3) So far the employers are only providing 2J per cent, of the wage roll to be carried collectively for the purpose of paying pensions for back service, and the objects aimed at will be obtained by apportioning any further lump sum on an individual basis to be entered each year on the contributor's cards. If this payment is to be recognized as of a profit- sharing character the total payment would be arrived at by transferring to the use of employees a fixed proportion of the balance of the year's trading surplus after providing for a fixed rate of interest to the ordinary shareholders.
What to read after Pension, Endowment, Life Assurance, And Other Schemes for Employees of Commercial Companies?
You can find similar books in the "Read Also" column, or choose other free books by Harold Dougharty to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It would also be better to start with a low minimum on these lines in order to grant a breakdown benefit as well out of this initial 2J per cent, reserve fund.
(2) The employees should contribute annually a minimum of 2^ per cent, of their wages increasing to 5 per cent, or higher for older officials, these amounts with compound interest being payable at death or withdrawal. An entry would be made on the employee's contribution card showing the amount of pension secured at age 65 by each year's... contribution and also the corresponding alternative Ceish Option at 65.
(3) So far the employers are only providing 2J per cent, of the wage roll to be carried collectively for the purpose of paying pensions for back service, and the objects aimed at will be obtained by apportioning any further lump sum on an individual basis to be entered each year on the contributor's cards. If this payment is to be recognized as of a profit- sharing character the total payment would be arrived at by transferring to the use of employees a fixed proportion of the balance of the year's trading surplus after providing for a fixed rate of interest to the ordinary shareholders.
What to read after Pension, Endowment, Life Assurance, And Other Schemes for Employees of Commercial Companies?
You can find similar books in the "Read Also" column, or choose other free books by Harold Dougharty to read onlineMoreLess
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