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TABLE XXVIII.-Showing maximum cost of annuities for back services for 170,228 employees-Continued.

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METHOD FOLLOWED IN PREPARING TABLES OF COST.

The method followed in calculating the maximum cost after the number of employees to be included in the calculations was determined is illustrated by Tables XXIX and XXX, which were prepared in the course of making the last calculation. These tables show how the data were drawn off and the percentages of salaries determined for all employees included in the estimate. The total amount of salaries for each age to be used in determining the annuities for this age was thus obtained. These totals were then discounted to age 70 according to the probability of living based upon the American Experience Table of Mortality. The total annuity payments for each year for the remaining years of life after age 70 were then obtained by discounting the above-discounted totals according to the probability of living based upon the Combined or Actuaries' Experience Table of Mortality.

74196°-S. Doc. 745, 61-3—11

TABLE XXIX.-Showing the number of general employees 65 years of age, each group, and the annuities to which those employees would be entitled if service.

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Total.

Less than 1 year..

4

2,400

113 $67,800 69 $49, 680 29 $24, 360 66 $59,400 109 $109,000 175 $210,000 76 $106, 400 1 840

1 year..

4 2,400 2 1,440

1

2 years..

7 4,200 2

1,440 3 2,520

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3 years..

5

3,000 3

2,160 2 1,680

900

1

1,000 2

2,400 1

1,400

4 years..

600 3

2,160

840

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2,000 3

3,600

1,400

5 years.

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1,440

900

1

1,000

8,400

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1,800

2,160

1

1,000

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8 years.

5 3,000

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6,000

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2,400

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6,300

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10,800 3

4,200

10 years..

3

1,800

1,440 2

1,680

1

900

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1,400

11 years..

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12 years..

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7 6,300 3

3,000

10,800 1

1,400

13 years.

11 6,600

14 years.

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15 years..

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466

2,880 2

1,680

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7,000

10,800 2

2,800

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4,320

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16 years..

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17 years..

4

2,400

1,440 1

840 4 3,600

3

3,000 6

7,200

5,600

18 years.

2

1,200

19 years..

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720 1
720 1

840 1 900

3

3,000 2 2,400

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3,000 6 7,200

20 years.

1

600 2 1,440

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3,000 7

8,400

21 years..

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22 years..

2

1,200

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1 1,000 7
5,000 4

8,400

4,800

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23 years..

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4,000 2 2,400

24 years.

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1,000 9 10,800

25 years.

26 years..

3,000 1 720
1,200 2 1,440

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27 years..

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1821

1,400

8,000

8 9,600 4

5,600

2,000 4 4,800 3

4,200

28 years.. 29 years..

1,000 2 2,400 2

2,800

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2 2,400 4

5,600

600

30 years.

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2,700
900

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31 years.

2 1,200

2

32 years..

1,800 1

33 years..

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720 2 1,440

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2,000 3 3,600 2 2,800

2,400 2

2,800

2,400 1 1,400

34 years..

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5

35 years..

36 years.

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37 years..

6,000 2 2,800 900 2 2,000 2 2,400 2 2,800

1 1,200 1 1,400

38 years..

720

2 2,400 1

1,400

39 years.

2

2,400 2

2,800

40 years..

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41 years..

1,200

2,000
1,000

2,400 3

4,200

42 years..

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2,000

43 years.

720

44 years..

5212

6,000

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2,400

1

1,400

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45 years..

3

4,200

46 years..

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47 years.

48 years..

49 years...

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classified according to salary and years of service, the aggregate salaries of retired immediately on 1 per cent of their present salaries for each year of

Amount.

Number.

Amount.

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40 $64,000

49 $88, 200 40 $80,000 23 $57,500 5 $6,000 4 $4,500 $926, 840

$203,319. 15

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TABLE XXX.-Showing the annuities that would be due all general employees for each year of service, and the annuities due each age group the first year the same annuities.

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1 The original tables, of which this is an illustration, continue down to the age of the youngest person now in the service.

between the ages of 95 and 581 if retired immediately on 1 per cent of salary
and each year thereafter during the first 12 years' if retired at the age of 70 on

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After the introduction of the plan when the youngest annuitant will be one whose present age is-

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2 The original tables are carried through 78 years, when, according to the mortality
table, the youngest person now in the service will be dead. Only 12 years are given as
an illustration.

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