The National Bank of Belgium

Cover The National Bank of Belgium
The National Bank of Belgium
Conant, Charles A. (Charles Arthur), 1861-1915
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This organiza- tion settled only imperfectly the question of retirement, because the fund conferred on its participants only the prospects of an indeterminate allotment, which it was in- convenient to reduce to definiteness. It was better, evidently, to substitute for this condition the certainty of a retirement pension bearing some relation to the position which the employee had occupied at the Bank. The same uncertainty existed in the case of death of an employee in relation to his widow and ...children. The new organi- zation, however, permitted the employees to depend in advance on the allotments which would fall to them at the time of retirement and gave them the assurance that, if they died before or after retirement, their widows and children should be beyond the reach of want. The funda- mental character of the new institution, embracing not only the entire personnel of the central administration and of the branch at Antwerp, but also the agents in the provinces and their employees, was as follows: " I.

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