13
women live longer .than men and
that in order to provide the same
benefit at the same age, women must
contribute more because, on the av
erage, they will receive their allow
ance longer than men retiring at the
same age.
9. Q. On the "normal salary” of $200
per month or less what proportion of
the contributions will be made by
members and what proportion by the
employer?
A. For service rendered as members
(service after July 1, 1946) the con
tributions made by the members and
the employer are designed to produce
equal amounts. That is, for every
dollar deducted from their compen
sation fo r the Retirement Fund, the
employer puts in enough to purchase
a current service pension equal to
the annunity provided by the mem
ber’s accumulated çontribution.
10. Q. May an employee make addi
tional contributions on his salary in
excess of $200 per month to increase
his annunity?
A. Yes, the employee’s option to con
tribute only on the first $200 per
month, "normal salary,” may be
varied from time to time and the
member may contribute on his full
salary during such times as. conven
ient to him and at other times he
may elect to contribute only on his
* "normal salary,” the first $200 per
month. However, there is' no half
way point.
11. Q. If an employee’s rate is over 5%
may he change to his higher rate or
vice versa as he wishes?
A. No, The employee has the option to
contribute 5 % only of his total sal
ary or of his first $200 per month.
The option to reduce his percentage
rate to 5% in irrevocable. A member
may start contributions at fixed rate
and later reduce to 5%. Once hav
ing reduced can never be increased.
12. Q. Does a member’s rate change
from year to year?
A. No. Rates apply at the age, nearest
birthday, when the employee be-
> comes a member of the System.
13. Q. What is done about the service
rendered before the Retirement Sys
tem takes effect next July 1 ?
A. This is called "prior service” and is
taken care of altogether by contri
butions from the employer without
any cost to members of the System.
14. Q. What State employees are en
titled to credit for prior service?
A. Any state employee who is a mem
ber of the System.
13. Q. Will I be notified of my prior
service credit?
A. Yes. A certificate will be issued each
member and for cause may be modi
fied upon the motion of the member
or theBoard.
More questions and answers on the
Retirement System will appear in the
next issue.
CHANGE YOUR ADDRESS?
If so, send your new one right in to
Forrest Stewart, Executive Secretary,
Oregon State Employees Association,
141 Pacific Building, Salem, Oregon.
We want to keep the "Oregon State
Employee” going direct to you, and
we know you want to receive it regu
larly. Whenever you change your ad
dress, write us your new one. A penny
post card telling us where you have
moved to, and what your old address
was, will do.
Wage increases of five per cent for
policemen, f i r e m e n and laborers,
amounting to $191,075 annually, have
been approved by the Dallas, Texas
city council. The increase is in addition
to a wartime bonus previously giveii to
employees to compensate for higher
living costs.