United States yearbook - 1940 (1)

CIVIL SERVICE RETIREMENT 161
No. 170.— C i v i l S e r v i c e a n d C a n a l Z o n e R e t i r e m e n t : 1921 t o 1939
N o te.—Retirement for civil service employees was established by net of May 22, 1020. Under tills not
ns amended July 3, 1926, and May 29, 1030 (effective July 1, 1030), employees of th e classified service
and certain other groups, including unclassified laborers subject to labor regulations, are eligible for
retirement on annuity at tbo ages of 82,05, and 70, according to the class of service, if they have rendered
a t least 16 years of service. The last-named act permits the optional retirement of employees 2 years
before reaching the retirement ago where they havo rendered at least 30 years of service and also permits
retirement on account of permanent and total disability after 6 years of service. From the basic compensation
of each employee within the scope of the acts there Is deductod 3)4 percent (2}£ prior to July 1,
1926) thereof for deposit to tlio credit of the retirement fund. All amounts deducted prior to July 1,1930,
and thereafter amounts deducted less $1 per month are credited to the employee’s individual account.
Under the amendment of May 20, 1930, annuities ate composed of (1) a sum equal to $30 (or each year
of servicenot exceeding 31) (provided it does not exceed three-fourths of average salary for any five consecutive
years), and (2) the amount of annuity purchasable withtbe sum oredltod to the individual's acoount,
together with interest at 4 percent per annum, with the provision that the annuity shall in no ease be less
than an amount equal to the average salary, not to exceed $1,600 per annum, received during any five
consecutive years, multiplied by the number of years of service, not exceeding 30, and divided by 40, By
act of Mar. 2,1031 (effective July 1,1931), special provision was made for employees of the, Panama Canal
and Panama Canal Railroad, who theretofore had been eligible for retirement under the oivil service
retirement and disability act
JU N E 30
OE YEAR
ENDED
JU N E 30—
NUMBER ON CIVIL SERVICE RETIREMENT
ROLL BY CAUSE OF RETIREMENT
Total Age 1 Disability
Involuntary,
less
than
30
years'
service
i
30 years’
service
CIVIL SERVICE RETIREMENT AND DISABILITY FUND
(THOUSANDS OF DOLLARS)
Voluntary
separation
Involuntary
separation
Total
*
1021-26,- 90,269
1927 14,119 .................... 11,353 2,706
27,168
1928 1C, .................... 383 12,173 3,210
29,503
1929 lfl, .................... 501 12,924 3, 577
52,520
1930 17,70S .................... 12, 504 3,904 l, 270
66,447
1931 22,650 .................... 15,357 4,947 1,374 972 58,277
1932 25,567 .................... 10, 600 6,973 1,404 1,590 61,479
1933 32,835 .................... 21, 613 7,281 1,539 2,402 61,246
1034........ 44,708 22,969 8,941 1,861 3,944 6,903 60,222
1935........ 48,665 23,863 9,886 1,997 4,310 8,609 61,912
1930........ 51,206 24,603 10,877 1,098 4,610 9,118 84,268
1987____ 53,306 25,391 12,044 2,021 4,961 8,889 94,203
1038 56,130 __________ 20,670 13,340 2,050 5,401 8,669 127,103
1039 58,385 27,709 14,315 2,029 5,896 8,436 133,497
T otal..
Receipts
91,919
24,356
26,455
28,123
29,048
29,044
31,890
30,494
28,703
30,089
32,406
34,990
37,322
39,189
Disbursements
Salary
deductions
Appropriations
T otal« A n n u ­
ities
19,950
20,500
21,000
21,000
21,000
21,000
21,000
40,150
46,200
73,235
75,087
44,808
13,395
14,752
16,063
18,120
23,992
28,938
34,838
47,667
62,744
66,709
69,132
62,476
63,818
30, 443
9, 598
10,000
12, 005
13,108
19,800
23,546
30, 048
30, C21
40,971
50,243
61,901
54,153
56,531
Refunds
and
interest4
14,333
3,862
3,771
1,006,203494,028 380,122 837,448 449,018 87,070
Balnncolu
fund
Juno
30
68,235
82,985
4,067 119,442
5,049 156,783
4,160 101,047
3,924 223, £88
4,789 249,907
8,036 202,562
5,773 271,730
6,460 299,280
7,228 334,309
8,322 399,077
7,287 408,755
1938 1939 1038 1939
GIY1L SERVICE RETIREMENT
CIVIL SERVICE RETIREMENT—COn.
K um ber on the roll June 80 by—
Number on the roll June 30 by—
Sex and cause of retirement—
Rates per annum—
50,398 52,216 3 2
24) RRR 25)828 !fsinn-.$iOQ 122 131
10) 524 11) 191 $2nn-$s«a 710 753
Voluntary, 30 years’ servico.. 5,078 5)551 $300-$399...................................... 1,303 1,361
Involuntary, 30 years’ servico. 8,130 7,909 $400-$499.__________________ 1,971 2,034
Involuntary, less than 30 $600-$5Q9..................................... 3,238 3,290
1,778 1,737 4,372 4,556
5! 732 6)169 $7M-$709 3,209 3,672
1,782 l) 881 $R0(>-$R0ft 3,003 3,348
2)816 3) 124 $onn-$QQa 3,687 3,639
Voluntary, 30 years’ service.. 323 '345 $1,000-51,090.............................. 4,092 4,149
Involuntary, 30 years’ service. 539 527 $1,100-51,199________________ 11.129 10,436
Involuntary, loss than 30 $1,200______________ _______ 18,578 20,198
272 292 $1,901-$! van 082 865
$l)300-$l)399............................ 22 31
Vocations— , $1,400-51,499.............................. 11 14
12,156 11,012 2 4
8)740 8,955 $l)600-$l*69Q.............................. 2
9,516 9,630 978 978
Post-office clerks....................... 6) 601 6,684 Annual value of roll (1,000 dolls.). . 54,887 57,074
Railway postal clerks_______ 4,048 4,215 CANAL ZONE RETIREMENT
10,989 11,489 507 678
2)041 4,394 1,346 1,343
Hazardous occupations______ '884 1)034 Disbursements for annuities, years
Indian field service......... .......... 555 072 ended June 30 (1,000 dollars)____ 076 766
i Involuntary separation included with separation on account of ago prior to 1930.
* Includes receipts from interest, not shown separately.
>Includes direct settlements, adjustments for canceled checks, etc., not shown separately, in the am ount
of $1,359,000 on June 30,1039.
* Lump-sum paymonts of total amounts in fund to credit of employees or beneficiaries.
Source: Civil Service Commission, Retirement Report,