To Turn now to the "vital
element
It
proposing
(Chapter IVF).
Mu Young Cousikur
appears!
that "the new ratis
that
in
(
of pension shd. be calculated as if the 80 tables had been
in operation during the whole period of the contributions on wh the pensions are based" (para 5 of our letter to In Young),
wather some off the
we have
Actuarial rails.
Mr Young says that the
correct method of
12-
registered pensions is
follows
-calculating
A
In the first place there
"an apponited data"
must be
at wh. The change from
6% to 8% is presumed to
take place (let
the same
L4-
say, from
of illustration 1-1-20)
It will then be
necessary to ascertaris (vide Chapter II para 9)
(a) The
of
registered pension secured
by contributions prior to a 67% basis
1.1.20.
(b) The cash value of
shuis,
the rate
the
assumption that
interest would
M
&
at
620.
535
Continue
(c) the pension that this
Amount
wo. produce in
each mistance
the basis
of the future change to 8%.
pension (d) The persim purchasable
on an 80 bazio
by
Contributions pubsement to
1/1/20 9 still to be paid.
The new registered pension
With them (c) + () .
عند حمد
Ch. I. fans
as a
consequence of this he
Coweraus that the re-
of the pensinis
-computation
Judas
the
tabler
is essentially
a tank for
an actuary with an expert staff,
& that therefre
the
W.4-0.
perown's staffs of the S.S.x
ITVS. Gouts are not
ademate
for the pumpose. (su hora 6
of desp, on 59615/22 5.S.).
The explanation wh
he gives for the necessity of this compliated proceome se very reasmable (Ch. W1)
It is briefly, that reguitared
2