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1 Fourth Annual Report of the Board of Actuaries: Letter from the Secretary of the Interior 1924

handle is hein.beal/epcs0001 and id is 1 raw text is: 68TH CONGREss HOUSE OF REPRESENTATIVES DOCUMENT 2d Session No. 483 FOURTH ANNUAL REPORT urY1 I>3- BOARD OF ACTUARIES LETTER THE SECRETARY OF THE INTERIOR, TRANSMITrING FOURTH ANNUAL REPORT OF THE BOARD OF ACTUARIES SUB- MITTED BY THE COMMISSIONER OF PENSIONS, WITH COMMENTS IN REGARD TO THE PENDING LEGISLATION FOR AMENDING THE UNITED SERVICE RETIREMENT LAW DECEMBeM 6, 1924-Referred to the Committee on Civil Service and ordered to be printed DEPARTMENT OF THE INTERIOR, Washington, December 6, 1924 The SPEAKER OF THE HOUSE OF REPRESENTATIVES. Sm: I have the honor to transmit herewith the fourth annual re- port of the Board of Actuaries submitted by the Commissioner of Pensions with his letter of December 1, 1924, copy herewith, pur- suant to the provisions of section 16 of the civil service retirement act of May 22, 1920 (41 Stat. 614). The comments of the board and the commissioner in regard to the pending legislation for amendment of the retirement law are com- mended to the consideration of the Congress. Particular attention is directed to the discussion if the method of computing annuities as contained in the pending bills (S. 3011 and H. R. 8202), and the plan suggested as a substitute for section 3 of the said bills. It is recommended that lines 8 to 25, inclusive, page 4, of H. R. 8202 be eliminated. That provision makes it impossible for the head of a department to enforce the retirement of an employee who has reached the retirement age, unless it can be demonstrated that his work is unsatisfactory. This would provoke controversy, require troublesome adjudication of the vexatious question of efficiency, anl in a measure restore the evil of superannuation which existed in the service prior to the enactment of the retirement law. It would com- pel the retention in the service of aged employees entitled to retire on full annuity but preferring to remain even though a reduction of force necessitated the dismissal of some employees, and the result would be that some not yet of retirement age would have to be dis-

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