A MERITORIOUS RECORD.

Otago Daily Times, Issue 19801, 28 May 1926, Page 9

A MERITORIOUS RECORD.

GOVERNMENT ACTUARY RETIRING. MR A. T. TRAVERSES CAREER. (Feom Oce o?rs Correspondent.) WELLINGTON, May 27. Mr A. T. Traversi, F.1.A., F.C.A.S., has declined the appointment of Government Actuary offered to him in connection will; the recent changes and has requested to be retired from the service as from December 14 next, when he will have attained 35 years' service. Mr Traversi joined the Government Insurance Department as a cadet on December 14, 1891. After some years of service on the secretarial side of the office he took up the study ot actuarial .cience and qualified as an actunrv by passing the examinations of the Institute" of Actuaries, London. In 1907 he was appointed actuary to the Friendly Societies Department, and in 1910 he" became also secretary and actuary under the national Provident Fund Act, thus becoming second in command in the inauguration and administration of the National Provident Fund Scheme. Much of the success of that Act is due to his work, and in particular the scheme of superannuation for local authorities, embodied herein by authority of the National Provident Fund Act, 1914, contains original ideas which were later the subject of a paper read in Sydney and Melbourne. This scheme, which is said to be a model of solvency in marked contrast to other public superannuation schemes, was extended during the present session o? Parliament to hospital staffs. In 1917 Mr Traversi rejoined the Government Insurance Department as assistant actuary, becoming in 1922 actuary of the Amalgamated Government Insurance, National Provident Fund, Friendly Societies and Public Service Superannuation Departments, and in 1923 Government Insurance Commissioner and the permanent head of the other departments mentioned above. Mr Traversi’s experience is unioue, covering as it does in equal proportions the professional and non-professional sides of his department. Besides being a Fellow of the Institute of Actuaries, London, he is a Fellow of the Casualty and Actuarial Society of New York and contributions by him to actuarial science have been specially quoted in both those cities.