Retirement of Employees in the Classified Civil Service. Hearing Before the Committee On Civil Service And Retrenchment, United States Senate, Sixty-Fifth Congress, Second Session, On S. 4637, Bill for the Retirement of Employees in the Civil Service
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The Secretary of the Treasury has tables prepared, according to which a person of 20 pays so much and a person of 3D only so much. Senator Colt. If you go to put a complicated table of that kind mto the bill, we will never get anything through in the world. The Chairman. That is what I say. Mr. Dana. The original bill does not give anything. It says it is a matter of actuarial calculation. It simply says that the Secretary of the Treasury will prepare tables for the computation of the amount t9... be paid by the employee. • The Chairman. Let me put this, now, and see what you have to say to it: For 20 years, to my personal knowledge, every effort has been made to pass and put into operation and effect a law pro- viding for a retirement system. Mr. Dana. Yes. The Chairman. You say you are in favor of a retirement system. Mr. Dana. Yes. The Chairman. We have got one in this bill which may not be perfect, but we have got substantial agreement on the part of the various employees to it. It is a half-and-half proposition that is easily understood, that is fair, if you say the system is fair at all; a^nd while there may be inequalities in it such as you have suggested, do you not think that it would be wiser and better to put this system in effect and then afterwards, if there are inequalities in it, have those inequalities ironed out?
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