Chiefs Favor Retirement Plan

Issue 3 and Volume 79.

Chiefs Favor Retirement Plan A resolution was recently adopted by the Dominion Association of Fire Chiefs to benefit many Canadian firemen by means of a substantial retirement scheme. It is recommended in this resolution that all municipalities in Canada adopt the industrial retirement plan drafted by the Metropolitan Life, which plan is cooperative and is guaranteed through the issue of deferred annuities. The plan not only provides a life income for a fireman who retires at the age of 65, but in the event of his retiring before that age, he would receive every dollar he may have contributed. In case a total and permanent disability, he would receive twice as much as he has contributed to date. In the event of death, his beneficiary would be paid twice as much as he has contributed. The amount of retirement pension will vary according to age and amount contributed by each…

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