Retirement at Age 55 with 30 Years' Service: Hearings Before the Subcommittee on Retirement of the Committee on Post Office and Civil Service, United States Senate, Eighty-eighth Congress, First Session, S. 176, a Bill to Amend the Civil Service Retirement Act So as to Provide for Retirement on Full Annuity at Age 55 After 30 Years of Service. May 14 and June 3, 1963United States. Congress. Senate. Committee on Post Office and Civil Service, United States. Congress. Senate. Committee on Post Office and Civil Service. Subcommittee on Retirement U.S. Government Printing Office, 1963 - 75 pagini |
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Pagina 4
... experience in the past illustrates this . The increase in 55-30 optional retirement cases since the reduction factor was cut in half in 1948 and the fur- ther upsurge when the factor was again reduced in 1956 are shown by the fol ...
... experience in the past illustrates this . The increase in 55-30 optional retirement cases since the reduction factor was cut in half in 1948 and the fur- ther upsurge when the factor was again reduced in 1956 are shown by the fol ...
Pagina 5
... experienced employees , often at the peak of their useful- ness . Three , it must be recognized that removal of the age limitation or of the age reduction would add incentive to early voluntary retire- ment . Our actual experience in ...
... experienced employees , often at the peak of their useful- ness . Three , it must be recognized that removal of the age limitation or of the age reduction would add incentive to early voluntary retire- ment . Our actual experience in ...
Pagina 6
... experience . Four , the loss to the Government by the early retirement of its more efficient employees would have some impact - though relatively small - on the economy at large . These individuals leaving Govern- ment employment at ...
... experience . Four , the loss to the Government by the early retirement of its more efficient employees would have some impact - though relatively small - on the economy at large . These individuals leaving Govern- ment employment at ...
Pagina 7
... experience is that there is about a 16 to 20 percent turnover in the Federal service on an annual basis . Senator MCGEE . Any way ? Mr. MACY . This is the turnover from all sources at the present time . A portion of this is from ...
... experience is that there is about a 16 to 20 percent turnover in the Federal service on an annual basis . Senator MCGEE . Any way ? Mr. MACY . This is the turnover from all sources at the present time . A portion of this is from ...
Pagina 8
... experience a 30 - year standard was applied with a full annuity at 60 , 63 , or 68. Then in 1942 in a liberalization 30 years at 55 was permitted with a reduced annuity based on an actuarial reduction that approxi- mated 612 percent a ...
... experience a 30 - year standard was applied with a full annuity at 60 , 63 , or 68. Then in 1942 in a liberalization 30 years at 55 was permitted with a reduced annuity based on an actuarial reduction that approxi- mated 612 percent a ...
Termeni și expresii frecvente
30-year optional retirement 30-year retirement 88th Congress actuarial AFL-CIO agency ages of 55 amended average believe bill Budget Bureau career Chairman and members Civil Service Commission civil service retirement Congress contribution cost disability retirement DORSON early retirement employee to retire employees retiring employment enactment estimated factor favorable Federal employees Federal service fringe benefits full annuity GALE W GRINER Hiram L HUGHES increase interest JASPAN legislation Letter Carriers liberalization MACY MCAFEE ment million month under age National Association Office and Civil Olin opportunity option of retiring permit retirement personnel ployees present president private industry proposal RADEMACHER reasons record reduction in annuity regardless of age retirement after 30 retirement at age retirement benefits retirement fund retirement on full retirement plans retirement provisions RUDDOCK Rural Letter Carriers salary Senator FONG Senator JOHNSTON Senator MCGEE Service Retirement Act service retirement system statement subcommittee Thank tion tirement U.S. Senate younger
Pasaje populare
Pagina 27 - ... now, in 1965, the number reaching that age will have increased by almost 50 percent — so that 3,800,000 will turn 18 that year. Never since the peak years of immigration at the end of 19th century has the United States enjoyed so extraordinary an infusion of young, vigorous workers. 3. Manpower requirements will increasingly have to be met by younger and older workers, with corresponding training adjustments. In addition to the larger numbers of young workers, during the 1960's the number of...
Pagina 24 - Federal salary fixing shall be based upon the principles that — (a) There shall be equal pay for substantially equal work, and pay distinctions shall be maintained in keeping with work and performance distinctions : and (b) Federal salary rates shall be comparable with private enterprise salary rates for the same levels of work.
Pagina 23 - Sec. 6. (a) Any employee who attains the age of sixty years and completes thirty years of service shall, upon separation from the service, be paid an annuity computed as provided in section 9.
Pagina 37 - ... factors involved. Mr. BUSBEY. To your knowledge, has anything ever been done to bring this issue to the attention of the proper legislative committee of Congress ? Dr. HUNT. I do not know, sir. OTHER BENEFICIARIES Mr. BUSBEY. What about these officers and men of the United States Coast Guard, officers of the Coast and Geodetic Survey, and officers of the Public Health Service? Dr. HUNT. All three of those groups are members of the uniformed services and, therefore, come under the Career Compensation...
Pagina 31 - ... totally disabled for useful and efficient service in the grade or class of position occupied by the employee, by reason of disease or injury not due to vicious habits, intemperance, or willful misconduct...
Pagina 51 - ... the cost decreases. This decline can be expected to continue. Additional pay increases that might occur in the future will accelerate it. Mr. DULSKI. Mr. David Silvergleid, we will be pleased to hear you now. STATEMENT OF DAVID SILVERGLEID, SECRETARY-TREASURER, NATIONAL POSTAL UNION Mr. SILVERGLEID. My name is David Silvergleid. I am secretarytreasurer of the National Postal Union. I do not have a prepared statement, but I would like to request the chairman's permission to submit one for the...
Pagina 1 - USC 2259 (d) ) is amended to read as follows : "(d) The annuity as hereinbefore provided, for an employee retiring under section 6(d), shall be reduced by one-sixth of 1 per centum for each full month such employee is under the age of fiftyfive years at date of separation.
Pagina 49 - Act to provide for retirement on full annuity at age 55 after 30 years of service.
Pagina 36 - Association, an organization of 40,000 substitute, retired and regular rural carriers. I am accompanied by Mr. John W. Emeigh, secretary of our organization.
Pagina 1 - Amends the Civil Service Retirement Act to provide for retirement on full annuity...