Object: Finanzwissenschaft

MAJORITY REPORT. 
=Y 
classes should be increased, the special rates of contribution 
thus being diminished. The question is a little complicated, 
because sickness benefit is also one of the benefits withheld in 
the circumstances indicated, and under the proposals of the 
Actuarial Committee the provision to be made in future for this 
benefit is to be slightly decreased. After bringing this into 
account, we are informed that the reduction from the civilian 
contribution, in the case of both the classes under discussion, 
should be increased by 4d. a week. Accordingly, the special 
rate for the men serving with the Forces should in future be 
3d. a week instead of 34d., and the rate for foreign-going seamen 
should be 63d. instead of 7d. The fraction of three-sevenths, 
mentioned in the proviso to Section 62 (3) of the Act of 1924, 
should become three-fifths. 
192. The same point arises in respect of the extensions of 
benefits which may be provided from the other part of the margin 
released under the recommendations of the Actuarial Committee. 
In so far as this margin may be applied to the provision of 
benefits which the man serving with the Forces cannot obtain, 
the contribution paid for him should be reduced correspondingly. 
Similarly, if in any material degree the foreign-going seaman is 
debarred by the conditions of his employment from obtaining 
the new benefits the contribution paid for him should be adjusted. 
But until the new benefit has been definitely selected its incidence 
at the ages of the men concerned cannot be estimated and its 
effect on the contributions of these special classes cannot be com- 
puted. Af the present stage, therefore, we must content ourselves 
with drawing attention to this point. 
193. A similar adjustment is necessary in the case of a volun- 
tary contributor with an income exceeding £250 a year. Such 
a contributor is not entitled to medical benefit, and the Act pro- 
vides that, in consideration of this, a reduction of 2d. a week is 
to be made in the contribution payable by him. This amount 
represents approximately the payment (viz., 9s. 6d. a year), 
which is made out of the funds of Approved Societies in respect 
of the cost of medical benefit for each of their members. If, 
in accordance with our recommendation, this sum of 9s. 6d. is 
increased to 12s. 6d., the reduction of 2d. a week should be corre- 
spondingly increased to 3d. 
FINANCIAL READJUSTMENTS. 
194. On the more technical points brought to our notice by 
the Actuarial Committee, we are naturally inclined to follow the 
expert professional advice offered to us, and we accordingly make 
the following recommendations :— 
(1) That Section 67 of the Act should be amended to 
provide that the amount of the weekly contribution to be 
devoted to providing interest on and redemption of reserve 
values be reduced from 1d. in the case of men and from nine- 
34 700% 
D 3
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.