PENSIONS IN FRANCE.

Hawera & Normanby Star, Volume LXXI, Issue LXII, 15 May 1912, Page 3

PENSIONS IN FRANCE.

———— c . . '.. ; A NOVEL SCHEME. A French correspondent of a Sydney paper furnishes an' outline of the scheme of old-age-pensions offered by the French Government, the terms of which he describes as most advantageous to the assurer. The tariff is fixed each year by decree of the President of the Republic, pensions being paid in accordance with the tariff in practice when the deposit is made. The maximum pension is 1,200 francs per annum, and | the deposits cannot exceed 500 francs in the same year. Foreigners residing in France may benefit by this pension tund. Once the deposits are made, the whole of the pension can be rendered undistrainable and untransferable. Deposits can be made quarterly from any age-.from 3 years up to 65 years, the nension to begin at any age from 50 to 65. A deposit at age 65 produces immediately 3.53 per cent, if the capital is forfeited. .Rates of pensions allowed at age 50 by the present tariff upon deposits made on behalf of children lange from 41.15 per cent, on capital refunded, and 51.22 per cent, on capital forfeited, paid at ajje 3 years, to 30.25 per -cent, and 30.95 per cent, respectively at age 10 years at entry.