The object of the paper is to consider a number of practical points with which the authors have to deal in their day-to-day work in giving advice on Pension Funds.

Among the problems discussed are the construction and use of salary scales together with a development of the theory of salary scales which adds greater flexibility to current practice. The mortality of pensioners and the effect of geographical distribution on such mortality is examined and a practical method of dealing with the mortality of ill-health pensioners is given. Reference is also made to the valuation of returns on death after retirement and some practical aspects of Stationary Funds.

Throughout the paper emphasis is placed on simplicity, both in theoretical treatment and in the practical application.