tributory retirement system of Senator McKellar's hon y my mother was the first teacher to retire under the M hools retirement system, 9 years ago, after 40 years of Her aged comrades, in a similar state of collapse, regard 2 as a risky experiment at first, but later did likewise. tem has since been altered from voluntary to compulsor », I understand its financial strength has continued t its nine years of existence.

preceding portion of this hearing has shown that the e night pension plan is to leave the widow and children the as the employee, having worked for less salary during h han he would have without the pension in view, he ha been unable to accumulate the nest egg or other investm ely frugal may have accumulated; and the pension dyin ployee, both before and after retiring, the widow and c t destitute.

president of the straight pension advocates, at the 1 8, 1916, stated that a hundred thousand resignations of Government employees had occurred since 1908. Tho not lose the withheld portion of their pay, termed d s such flocking out of the service can not be the fault wees. Whereas by the contributory method, having t f the savings bank account, the employee possesses some ich to recommence life's occupation or to leave as a little dependents.

Studensky manual, previously submitted, after mal more detailed comparison than the foregoing, conclude mending a combination of the straight and contri ds as a generally satisfactory compromise and promo esults. This seems to be the unanimous opinion at this rings, as well as to accept any system your committee v pon, and this I heartily indorse.

lorious credit to the contributory method is the Wash ers' Home. It was launched about 1857 on an unclaimed an War soldiers' prize money and an $18,000 unused re

than three, appointed, say, for two, three, n being a four-year member. I believe one uld be representatives of the employees; he service. Of course, this can all be ad

illy determined to settle this matter. at there might be some action taken at this the best we can hope for is some action in in December.

airman, with your committee, will do all needed law enacted in behalf of the civilto thank you and the members of your is hearing.

ncludes the hearing upon the subject under ee will sta id adjourned.

ck m., the committee adjourned, subject to