CO129-483 - Others & Individuals - 1923 — Page 541

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