Valuation of Pension Funds, with Special Reference to the Work of the New York City Pension Commission [Discussion]

Mr. Buck's paper is a short synopsis of his work in connection with the reorganization of the pension funds for the City of New York. As stated by him: "With the exception of certain tables for school teachers and for police, the former prepared by Messrs. Hutcheson and Thompson and the latter by the author, there were no basic tables on which calculations, prospective costs or pension liabilities could be made."