The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-06-27
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CLERKS IN THE DEPARTMENTS
oBJEcTtTolT. q

CLERKS In THE DEPARTMENTS
OBJECT 1T. o
The Young Men Do Not Expect 4
Remain in the Service Long Enough
to be Entitled to Benefit by It, Will.
the Young Lady Clerks Look For
ward to Being Married Congress.
Also Hardly Likely 10 Favor II :
The Details Of the Scheme.
WASHINGTON, June 21.-For the
past 10 years the clerks in the gov
eminent employ have been trying to
establish pension system. Almost
ihRamerabie plans have been suggest
ed and In every department OF the
government there Is now committee
Of clerks working on some system for
providing a pension. Up 10 the pres
ent time every scheme that has been
evolved has been based on a volun,
tary assessment OF the clerks, based
on their age and their length OF ser.
vice. The principal dif1culty SO far
has been the opposition Of the young
men and the young women, the young
men claiming that they do not care
to enter a pension system, since they
do not expect to remain In the gov
eminent service all their lives, and
the young women Directing beca1ss
they frankly state that they hope. to
marry. To-day the members OF tn.
Keep Commission submitted a repor,
for pension plan, which will be laid
before Congress at Its next session.
Under this plan every clerk will have
deducted from his pay each' month 0
certain sum, with view that when
he reaches. the age OF 20 he will be
pensioned In the same way that the
War Department deducts every month
from the pay Of every regular soldier
the sum Of i2k cents In order that or
his retirement he may end his days
in the comfortable Soldiers Home
Just outside Of Washington.
The Keep Plan.
The pension plan OF the Keep Com
mission provides for the payment tc
every employe in the civil service or
retiring at the age OF 70 years or up
ward an annuity equal to 1.5 per cent
of his pay for every yuear Of his ser
vice. For Instance. an employe enters
the service ut 20 years Of age and re
ceives salary Of $1,000 year
through 50 years and Is retired at tns
age Of 20. One and one.half per cent
OF $1,000 is SIS, and this multiplied
by 50 would be 5000, which world be
the amount OF the retired clerks an
nuity. It Is then figured out how much
money must he deducted from the
clerks salary each month, which pIac
ed at per cent. interest will provide
fund sufficient 10 purchase an annu
ity Of 5000. It Is found from accepted
calculations by experienced actHaries
that S6,G1S is the sum needed to par
chase such an annuity, which show
that n clerk receiving 500 q month
must pay s3.57 each month. Othel
elaborate tables have been prepared
showing the amount which must BIZ
paid each month for all the varlou.
grades of clerks and computation!
have been made on the basis OF the
promotions In salary, which ever,
clerk receives.
Government Aid Needed
To nut this pension system int
practice at once will, Of course, require
very heavy aid from the government,
as there will be MANY wears before tn,
monthly deductions from the clerks
salaries will be sufficient to raise IN,
fund to provide the annultIes. II I,
believed that II will cost the govern
ment about sI25OOo the first year II
pension NIL the CLERKS WIN have reach
ed the age of 20, and that for "a wear,
| It will gradually increase until n vii