Show OGDEN OLDEN FEELING ANNUITY CHANGE CHANCE Federal J Ja Pay a More From Prom Salary for Retirement Effect of ot Lf fo to civil service reo re retirement n net act which wai waa pa passed parsed seI at atthe atthe the tho last It session of or congre congress and signed by the president Is beIng felt 2 per cent Is being deducted de- de de deducted ducted from checks of all nil federal In ht Ogden who are on the official classified list Under tho the retirement bill that has been superceded by new leg leg- legIslation leg legislation these contrib contrib- contributed contributed but 23 2 Y per per cent of their I earnings s to 10 the thc fund which Is le to tobe tobe be made an available liable for tor their thc relief In old age ace O lI DISAPPOINTED DIS The change e It Is said ald was made necessary by an Increase of the annuity allowed federal fr from m to 1000 The Tho new act ct has lias been so written that practically all money paid for tor re- re re retirement of sup superannuated work work- workers cr ers era will be supplied by them from deductions made during their ac- ac active ac active tivo tive tive service I with t the According to reports from the tho bill in the he east cast It falls falla considerably short of tha l nt- nt ex expectations of federal h had a 11 maximum ann of DC 1200 The rhe senate bill m md dJ l provision ro tor for this sum but tile the house refused to allow more morl loan 1000 and threatened to 1 enactment of ot any un- un less Its wishes were acceded to President Coolidge had taken the position that 1000 was as high hl has as the government should go In retirement compensation and Un the 01 house leaders adopted this view and clung to it tenaciously during durin the many weeks when conferees ot of tho the two houses house sought to reach II a compromise on different mode meas measures s- s urea ures HEXT AGG Retirement of federal upon the attainment of ot 70 10 years Is made compulsory by the new act but city rural and village letter carriers curriers clerks mechanics and laborers who may maybo maybe maybo bo be retired at the ago of ot 6 64 To qualify for tor retirement em- em em must hav have given at least 15 years of ot continuous service to thes the's the government Annuities are to be bo computed by multiplying an nn aver aver- average age age annual salary galar salar received during the 10 years preceding retirement by the number Dumber of o years service not exceeding 30 and dividing dividing- the product by 45 but In no case shall the annual payments be more than 1000 Employee who may become phy physically physically Incapacitated after 15 11 years of service may be retired regardless regard regard- regardless regardless less of age If their disability has hns not resulted from vicious habits Intemperance or wilful miscon miscon- misconduct misconduct duct duet Provision Is la made that shall not lose the they have contributed to the tho retirement fund rund when they are dismissed ed ed from the federal service or voluntarily re- re retire re retire tire IP JF DISMISSED Dismissed employee may clay claim Iary ded deductions with with accrued accrued In- In Interest interest In Interest terest at Iou four r per cent or If they are 65 55 y years ars of 0 o and ind nd have lerv served served ed 15 years they may claim an annuity to be computed on the basis of their contributions who wha are entitled only to the return of their con con- con con- contribution contribution contribution with accrued Interest at four per IIer cent The new rates are applicable to employee who have already been retired who will thus be Immediate late of ot the new leg leg- legIslation leg since they do not make contributions to t- the retirement fund who ar or-i or almost nto at retirement age will also be bo ben ben- ben It I Is claimed that the new bill will save nave the government a year eu notwithstanding the higher blither annuities due to an nn increase of deductions from the workers sal sal- salaries sal salaries I aries arles The bill went Into effect on July 1 J I |