100 ASPECTS OF OLD AGE PENSIONS. 



winners who survive their G5th year, would \>e fcr active 

 breadwinners as a whole (the State) to adopt the wise and 

 providential policy of pooling all the risks and benefits as 

 in the skilfully devised actuarial provisions of the various 

 fire, life, and marine insurance, and assurance organisa^- 

 tions, as also our important friendly societies now managed 

 with such marvellous success in all civilised countries. 



PRESENT AVERAGE CONTRIBUTIONS BY EACH 

 BREADWINNER PER YEAR TOWARDS MAIN- 

 TENANCE OF DEPENDENT OR HELPLESS 

 NON-BREADWINNERS. 



FOR HUMANE PROVISION. 



Estimated 

 Contribution 

 Per Breadwinner. 

 £ s. d. 

 Maintenance and support of all children under 



15 years of age, say, £14 each 11 12 \) 



Education of children in State schools 1 6 10 



Maintenance of hospitals and charities 14 1 



Total humane provision 13 13 



PROPOSED BENEFITS (OLD AGE PENSIONS) TO 

 AGED AND INFIRM BREADWINNERS. 



Equivalent 

 Amount 

 Per Breadwinner 

 Per Year. 

 The surviving breadwinners at 65 years and over 

 who, through old age and infirmity, may be 

 unable to support or adequately support 

 themselves, to be entitled to and assured of 

 an income, pension, or equivalent provision, 

 which, together with any private source of 

 income, shall not exceed £52 per annum 

 for the remainder of life, but failing any 

 private source of income, shall not fall 

 short of a sum of .£18 per annum. A 

 further condition for securing such pension 

 is that the claimant must have led an hon- 

 ourable life and must have resided in the 

 State as an independent breadwinner or 

 semi-breadwinner for a period of not less 

 than 20 years 11 4 



