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 3
... individual case on the present actuarial worth of an annuity allowable were the employee 60 years of age ; the actuarial reduction under this law amounted to slightly more than 6 percent for each year the employee was under age 60 at ...
... individual case on the present actuarial worth of an annuity allowable were the employee 60 years of age ; the actuarial reduction under this law amounted to slightly more than 6 percent for each year the employee was under age 60 at ...
Pagina 6
... individuals leaving Govern- ment employment at comparatively younger ages would be in a position with their full retirement benefits to compete unfairly in the labor market against persons dependent entirely on their earnings . Five , a ...
... individuals leaving Govern- ment employment at comparatively younger ages would be in a position with their full retirement benefits to compete unfairly in the labor market against persons dependent entirely on their earnings . Five , a ...
Pagina 7
... individuals would find opportuni- ties for new employment . Our belief is that the individual who has been in the Government for a significant period of time is reaching the peak of his productivity , is in a position to make his major ...
... individuals would find opportuni- ties for new employment . Our belief is that the individual who has been in the Government for a significant period of time is reaching the peak of his productivity , is in a position to make his major ...
Pagina 8
... individual who has 30 years ' service can elect to retire at 55 , 56 , 57 , 58 , or 59 with 1 percent of reduction in the annuity for each year under 60. This is a relatively limited reduction if the individual feels it is necessary or ...
... individual who has 30 years ' service can elect to retire at 55 , 56 , 57 , 58 , or 59 with 1 percent of reduction in the annuity for each year under 60. This is a relatively limited reduction if the individual feels it is necessary or ...
Pagina 10
... individuals are not totally disabled but where they , due to increased illness or some other condition of fatigue , decide they wish to retire early . I believe that Mr. Ruddock testified when we were here 2 years ago to the effect that ...
... individuals are not totally disabled but where they , due to increased illness or some other condition of fatigue , decide they wish to retire early . I believe that Mr. Ruddock testified when we were here 2 years ago to the effect that ...
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...