State Pension Systems For Public School Teachers

Author : Paul Studensky
Publisher : Forgotten Books
ISBN 13 : 9780265208007
Total Pages : 488 pages
Book Rating : 4.2/5 (8 download)

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Download or read book Teachers' Pension Systems in the United States written by Paul Studensky and published by Forgotten Books. This book was released on 2017-10-12 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Teachers' Pension Systems in the United States: A Critical and Descriptive Study In 1906, the state of Massachusetts appointed a commis sion, with Mr. Magnus W. Alexander as chairman, to study the general problem Of old age pensions, annuities and iusuf ance. Incidentally, the commission touched upon the prob lem of pensions in the public service and published in 1910 a report which stimulated a good deal of sound thought in the country. Beginning in 1910, Mr. Herbert D. Brown pre pared a series of reports, all of which have been published by the national government, dealing with the civil service retire ment system of Great Britain, New Zealand and New South Wales, Australia, and the problem of establishing a retire ment system by the national government for its employees. The New York Bureau of Municipal Research became inter ested in the pension problem soon after its establishment. It made a thorough actuarial investigation of the New York City Police Pension Fund - the first actuarial investigation of a civil service pension fund in this country - and prepared a report, which resulted in the establishment in New York City of a commission to investigate all the nine pension funds, including the teachers' fund, in Operation in New York City and led to similar actuarial investigations of funds in other cities. The sound pension thought which emanated from these three active centers, Washington, New York City and Boston, spread over the entire country and affected the teach ers' pension movement. The first to consider the establishment of a sound pension system for teachers was the state of Massachusetts. The state board of education was directed in 1911 to investigate the establishment of a state-wide retirement system for teach ers and to submit its recommendations before January, 1913. The investigation, aided by Mr. C. A. Prosser and Mr. W. I. Hamilton, resulted in the establishment in 1913 of the first scientifically constructed teachers' retirement system in this country. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.