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On the Calculation of the Contributions to be made to an Annuity Fund for Widows and Children, by the members of a Society, all of whom, whether married or single, are obliged to contribute

Published online by Cambridge University Press:  18 August 2016

Oscar Schjoll
Affiliation:
“Idun” Life Insurance Company, Christiania Royal Office for Workmen's Assurances (Rigsforsikringsanstalten), Christiania

Extract

These notes were prepared at the request of the General Director of the Norwegian Railways (Mr. L. Segelcke), in consequence of a proposed reconstruction of the Benevolent Funds of the railways. Each traffic district has, besides the Pension Fund for its functionaries, a Benevolent Fund; and these latter funds have gradually accumulated considerable sums, out of which they grant allowances to widows of the functionaries; also, in exceptional cases, to retired functionaries in needy circumstances; but always in the form of gratuities given from year to year at the discretion of the Directors. As, however, there exists a strong feeling in favour of the conversion of the Benevolent Funds into funds securing a fixed annual provision for the widow, and for the children under a certain age (for instance, 18), I was requested to prepare a report on the subject.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1906

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References

page 200 note * Om en beregningsmetode for enke-og barnepensioner i en forening, hvori alle medlemmer, gifte savelsom ugifte, er indskudspligtige: Af Oscar Schjoll. (Kristiania; Det Steenske bogtrykkeri, 1892.)

page 201 note *Denkschrift betreffend die Gefahrenklassen, &c.”; printed as an Appendix to Entwurf eines Gesetzes betreffend die Unfallversicherung der Arbeiter” (Berlin, 1882).Google Scholar

page 206 note * Assecuranz-Jahrbuch. Herausgegaben von A. Ehrenzweig. XII Jahrgang. II, S. 60 ff.