The Function and Future of Industrial Retirement Plans

Industrial retirement plans, as a practical solution of the problem of superannuated employees, have become a subject of general interest and importance in this country. Because of its nature, the problem is of particular interest to the members of the Casualty Actuarial Society and I fully appreciate the honor afforded me by this opportunity to discuss it. My remarks will be concerned primarily with the social and economic aspects of the subject, rather than with the strictly actuarial or technical phase, and in conformity with the current fashion in social and economic fields, I shall take the liberty to forecast the trend of the future development of retirement plans in this country.