Proceedings at the Annual Meeting of the National Civil Service Reform (Volume 25-29) (Paperback)


This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905. Excerpt: ... $200,000, that is a sufficient amount of money to be saved by the government, if it can be done, and 1 believe that under the Keep Commission's plan it can be saved. I believe that that is the intention erf the plan and it will so oderate. It should be borne in mind that this report of the Keep Commission's sub-committee is only the report of a sub-committee, that it has not been considered by the committee itseH, and from talks that I have had with one or two members of the committee I think that I am safe in saying that it is the consensus of opinion of the Keep Committee that as to the provision for paying 4% compound interest on money held idle in the Treasury, a provision will be made to change that so that the Secretary of the Treasury will be empowered to invest the money at the most advantageous rates for the government and the employees concerned. And it seems to me that that matter is rather one of detail than an objection going to the vital principle of the scheme on which this plan is based. It is a detail that can be worked out. It is mathematical rather than a thing of principle. Your sub-committee in its report lays special stress on three things: first, on resignation, then on 4? compounded interest, and then on the question of insurance plans, an insurance company. 1 think the committee has not properly diagnosed the case so far as it is affected by the matter of resignations. The Keep Committee's plan provides that if the person has been 20 years in the service and his accumulations amount to a thousand dollars he may resign and take his money with him and get the benefit of the 4% compound interest. But the gentleman should have mentioned this also I think: that after a man has been in the service 20 years, suppose he were appointed at ...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905. Excerpt: ... $200,000, that is a sufficient amount of money to be saved by the government, if it can be done, and 1 believe that under the Keep Commission's plan it can be saved. I believe that that is the intention erf the plan and it will so oderate. It should be borne in mind that this report of the Keep Commission's sub-committee is only the report of a sub-committee, that it has not been considered by the committee itseH, and from talks that I have had with one or two members of the committee I think that I am safe in saying that it is the consensus of opinion of the Keep Committee that as to the provision for paying 4% compound interest on money held idle in the Treasury, a provision will be made to change that so that the Secretary of the Treasury will be empowered to invest the money at the most advantageous rates for the government and the employees concerned. And it seems to me that that matter is rather one of detail than an objection going to the vital principle of the scheme on which this plan is based. It is a detail that can be worked out. It is mathematical rather than a thing of principle. Your sub-committee in its report lays special stress on three things: first, on resignation, then on 4? compounded interest, and then on the question of insurance plans, an insurance company. 1 think the committee has not properly diagnosed the case so far as it is affected by the matter of resignations. The Keep Committee's plan provides that if the person has been 20 years in the service and his accumulations amount to a thousand dollars he may resign and take his money with him and get the benefit of the 4% compound interest. But the gentleman should have mentioned this also I think: that after a man has been in the service 20 years, suppose he were appointed at ...

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Product Details

General

Imprint

General Books LLC

Country of origin

United States

Release date

February 2012

Availability

Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.

First published

February 2012

Authors

Creators

Dimensions

246 x 189 x 16mm (L x W x T)

Format

Paperback - Trade

Pages

306

ISBN-13

978-1-150-86018-8

Barcode

9781150860188

Categories

LSN

1-150-86018-9



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