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Show "Actuaries of the New York City Pension, commission note that to pension the women em-ployes em-ployes of New York nt thp rate of only one dollar) per year after they pass 60 years of age, It will i be necessary to put nt 4 per cent interest the! amount 'of $11.39 for each one, and for the men employed by the city on the same basis nn nm- mint equal to $11.31. They also figure thnt to' pay every woiking person in ttfe United States' nn annual pension of five hundred dollars nfter the age of 60 years, a reserve of $180,000,000,-000 $180,000,000,-000 would bo necessary. This Is based upon the assumption thnt there nre thirty million such persons to bo pensioned in the country. The nn-1 mini cost of n plan of thnt kind would be more i thnn the average Increase each year of the totnl I wealth of the country, nnd would consequently mean eventunl bankruptcy," says the Weekly Insurance Underwriter. "In comparison It mny be noted that the federal pension system, which is now on the decline through Iho decrease In survivors of the civil wnr nt the height of its payments vost the 'country each year about j $160,000,000, and Vhat the total payments for federal 'pcnsio'ns vp to dnte are in the neighborhood neighbor-hood of $6,O00;000,000. This amount, however, never lwdil "more titiin seven hundred and fifty thousand "pensions Iper yenr .'" |