The Washington herald., 1919-06-17
STERLING BILL
FIXES new ACES
FOR RETIREMENT
South Dakota Senator Says
He VIII Ask Speed on
Civil Service Pensions.
OTHER NEW FEATURES
Would Divide Postal Work
ers Into Five Distinct
Classes.
OTHER NEW FEATURES

Tns Sterling owl service retire
ment and psnsion bill vas fntroduced
In the Senate yesterday afternoon by
Senator Thomas Sterling. of South
Dakota.
The mesusre differs In some i'm
portant features from the McKeIlar
bin. fathered by the Senator from
Tennessee In presenting his BIN the
Senator from South Dakota an
noapcsd that he intended to press 1t
to ne point Of consideration II is
probable that he viii call . meet
ing this week Of the committee on
man. 70 get early action by that
body.
Ths stsriins bSu places the are re-
tirement for classified civil service
employees at g years Tor letter car
rters and mechanics 10 is 81 years,
and for railway postal clerks. 60
years.
Five Glasses of Enpssyss-
The bin divides the employees irto
hve classes. thus:
Class A-rhose employees who
have been IN the service thirty
years or more. Their annuity will
be so per cent of their annual
basic salary for ten years i'm
mediatefy preceding retirement.
with the provision that 1t shall
not, be more than s720 nor less
than $3.50 a year.
Class B-Tbose employees who
have been tventy-seven years In
the service but less than thirty
years. 81 per cent of their annual
salary for ten years; maximum an
nuity, ss4s; minimum. s324.
Class C-Those employees who
have been in the service twenty
four years but less than twenty
seven. 4s per cent Of their annual
salary for ten years; maximum
annuity. s576: minimum. S2ss.
Class D-Those employees who
have been in the service twenty
Dncs years but less than twenty-four
az per cent OF their annual salary
for ten years; maximum annuity.
s50f: minimum $3.50.
Class E-Those employees who
have been in the service ejg<een
years but less than twenty-one.
IS per cent of their annual salary
s432: minimum. s216.
have been in the service for fifteen
years but less than eighteen, 30
per. cent Of their annual salary for
ten years; maximum annuity. s36e;
mirmum. $3.50.
Oyhsr features of the Sterling bill
include the withholding OF 2I-2 per
cent Of all employees salaries for
the creation Of an annuity or pen
sioA fund. The government will at
hrst have TO contribute somethins
over so per cent to this fund. the
total to be placed on deposit with
the Secretary Of the Treasury and
interest upon IL compounded at 4 per
cent Employees who have been IN
the government service not less than
fifteen years are to be retired on an
annuity when they become totally dis
abled- An employe who has reached
the retirement age Is permitted to
elect whether he with continue in
service. provided the supervising Of
ficer shall certify the ernploye Is able
TO do the work.
Should an !enlploye retire from the
government service before he reaches
thesage of retirement, he shall be
entitled to draw his deductions from
his pay plus per cent compound
interest In case of death under SIM
liar circumstances then the deduc-
tions shall be paid to his legal hears
The Sterling law win go into effect
20 days after its approval by the
President. Its operations will be car
ried out by the Commissioner of Pen
siorfs.