See also:regular or periodical payment made by private employers, corporations or governments, in
See also:consideration either of past services or of the abolition of a
See also:post or
See also:office . Such a pension takes effect on retirement or when the
See also:period of service is over . The word is also used in the sense of the payment by members of a society in respect of dues .
See also:Kingdom . In the United Kingdom the majority of persons in the employ of the
See also:government are entitled to
See also:pensions on reaching a certain age and after having served the state for a certain minimum number of years . That such is the case, and moreover that it is usual to define such pensions as being given inconsideration of past services, has led to the putting forward very generally the
See also:argument that pensions, whether given by a government or by private employers, are in the nature of deferred pay, and that £3174,087 . A return is published annually containing a
See also:complete holders of posts which carry pensions must therefore be rewarded by a remuneration less than the full market
See also:rate, by the difference of the value of the pension . This view is hardly correct, for the
See also:object of attaching a pension to a post is not merely to
See also:reward past services, but to attract continuity of service by the holder as well as to enable the employer to dispense with the services of the employe without hardship to him should age or infirmity render him less efficient . Dissatisfaction had been expressed from
See also:time to time by members of the
See also:civil service with the
See also:system in force, viz. that the benefit of long service was confined only to survivors, and that no
See also:advantage accrued to the representatives of those who died in service, This was altered by an
See also:act of 1909 . See Royal Commission on
See also:Superannuation in the Civil Service:
See also:Report and Evidence (1903) .
There are no comments yet for this article.
Do not copy, download, transfer, or otherwise replicate the site content in whole or in part.
Links to articles and home page are encouraged.