The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1904-03-20

men. - Sou'is
IL VIII appear that no plan OF retire
ineht was discussed. but simply the ad-
Vlsaoility Of Congress passing a retire
t1ent Dill both from the standpofnt NJ
the oensncial effects that would accrue
/ 70 the Government and the emDlove and
I that good results would inevitabIv COL
/ low 1oi-
having given the foregoing figures tho
question Of raising the amount race.-
sary for the payment OF such DereonS
as might be retired either for a.a
length Of service. or both. was cor.
sloered Cthe salary roll for the bureau
oelng $500 GOO, the taxation being at the
rate Of to per cent with an aceuro,,-
iaton OF from to 3 years uninvested
the amount Of pension being at several
rates from 50 TO 70 per cent Of salaries
at date Of retirement
AT per cent for 1, 2. and 3 wears
me amount raised would be SIS 600
Slz.OOo' and $4,000, respectively. AT 2
per cent for same periods. So. OO0. $500
anu SZ%OOO, respectively; and at 5 per
cent $4,000 $4,000. and $4,000. respec-
'iVeiy. Having ascertained the amounts
that could be raised by this process OF
taxation, the employees who might be-
come subject to taxation were consider
ed In groups. as follows:
First: To pay forty-seven clerks who
have served thirty years and ,,nv,or5
whose combined salaries amount 70
N4'S0o If retired at so per cent tbe
amount necessary would be Ss7 4On. a.
% per cent, 81, 14o; at 90 per cent. s44 $50.
at IS per cent. SIS. $40: at 70 ner con,
SSZ.S6O and at IS per cent. S5s. 100.
Second: To pay thirtv-tbrea o,o-,,z
with tnirty-three years service ana IN
ward whose combined salaries ar,o,,-t
10 $oS'4oo II retired at 90 per cent the
required amount viii be SO. 700; at *
per cent, S2s,370; at 60 per cent. $50. oa0.
az 90 per cent. no; at 20 per cent
1850, and at IS per cent, S4O.O50
Ihird: To pay sixty mine clerks. who ara
sixty years or age and upward. whose
combined salaries amount 20 sos $40 II
retired at 80 per cent, the amount re-
qnired will be 81, $50: at s. per c.,,,
S52'7l2; at GO per cent, S57. 5O4; at 60 nar
cent. S62.29S; at 20 per cent. SGT 0Ss ana
at 90 per cent, $50
Fourth: To pay twenty-nfne cIerl,s
who are sixty-five years and inward
and whose combined salaries an,o,,,+ -
SSs0s0 II retired at 80 per cent the
amount necessary will be $40 O4O. a. x
per cent, $20.944; at 60 per cent. 900 sac.
at Go per cent, S24. 752; at 20 per cent. s9s
656, and at 10 per cent. So. $50.
Fifth: To pay nine clerks who ara
seventy years Of age and upward. whose |
combined salaries amount to SlI Oso II
retired at 90 per cent Of salary. tba
amount required Will be IS, $50; AZ Az
per cent, Se,oS3; at 60 per cont. IS esg. |
at 60 per cent, $7.1S9; at 20 per cent. "a s4s
and at 70 per cent, s., 295.
Sixth: To pay 50 clerks, who are sixtv
years and upward, and who have served |
thirty years or more. whose combined
salaries amount to $55.eOO. If retired az
70 per cent the amount necessary viii be
1880; at So per cent, $S05sO; at 60 per
cent, $3S, $50; at So per cent. S3s,I4o; at 70
,er cent, Sss,s2o. and at rs per cent. su.-
co.
Seventh: To pay twenty-seven clerks:
Who are sixty years OF age and upward
md who have served thirty-five yea
IT more. whose combined salaries
mount TO S43.600. If retired AT 30 per
ent. the amount necessary will be 81 500.
t 90 per cent, S2S,sSO; at 60 per cent, $685.