Methods of Cost Limitation Under Private Unemployment Benefit Plans [Discussion]

For several years labor unions have been fighting for some sort of guaranteed annual wage. Although they are not guaranteed wages, as such, the plans discussed in Mr. Latimer’s paper are an outgrowth of the demand for them. The author was obviously confronted with a monumental task in collecting the data which makes up this paper but he has given a comprehensive and detailed account of the history, development, provisions and problems connected with Supplementary Unemployment Benefit plans. Since this subject is new to the Proceedings of the Casualty Actuarial Society, he even seemed to foresee the limitations the reviewer might have and wrote his own critique in Chapter VI, “Conclusions as to Effectiveness of Cost Limitations.”