CO129-483 - Others & Individuals - 1923 — Page 542

(

by

to

will

personis & Consist of 2 portions

A

a proportion camed by Contributions prior to

"apported date" accumulated

at 6% witerest, &

a proportion came

contributions Subsequent

the

apponited date, accumulates

at 80%

Fant

He submits that

it

wind.

not be actuarially sound to allow pensioners the benefit of the 820 rate of interest on

portin A, because this

Amount

in effect

Contribution

the

grant of

a

Inst.

I find

que has already

wow that

the

536

been thrashed out

on Mauritais Mh. (vide on A.J. Marg

50465721, 16230/12 2

31076/22) in

bundle below,

a

Ꮽ

(2)

munderstand it

the position is as follows:-

(1) In Young's method is admitted to be the actuarially sound method of applying the new tables.

of 4% mistead of the 2% above

the

ane

"outside

based.

rate

of

wh.

interest,

the schermdy

The re-calulation of the pensions

to be paid dade", solely

te ating purpose

M

from the "apponited

the new

these new

8% tables

inn affect be tables for

as if they

in operation

This

had been

ab. vitio,

of the Gout. had been allowing

80% interest all along. thes

(3) The revises pensinis, calculated on

(4)

this baris

H

a

uns. be larger

struct drew and

of actuarine puniciples would justify.

There were a

fa Gut. Scheme

Fund wistend

Kie

/