Martin E. Segal Company, Inc. Papers

Collection Number: 5208

Kheel Center for Labor-Management Documentation and Archives, Cornell University Library


DESCRIPTIVE SUMMARY

Title:
Martin E. Segal Company, Inc. Papers, 1962-1964
Collection Number:
5208
Creator:
Martin E. Segal Company
Quantity:
1 linear ft.
Forms of Material:
Papers (documents).
Repository:
Kheel Center for Labor-Management Documentation and Archives, Cornell University Library
Abstract:
The retirement systems of the City of New York : seven part report and related papers 1961-1964.
Language:
Collection material in English


ORGANIZATIONAL HISTORY

In the fall of 1961, the Board of Estimate authorized Martin E. Segal Company, consultants and actuaries, to a review all aspects of New York City's retirement systems. At the time, New York's eighteen retirement plans covered more than 216,000 employees and had assets of three billion dollars.

COLLECTION DESCRIPTION

Analysis of the New York City retirement systems, consisting of a seven-part report and separate digest.
The consultants' report analyzes five areas of concern: (1) the development and structure of the retirement systems; (2) a comparison with other retirement plans, public and private; (3) the actuarial basis of the systems; (4) the current administration of the system; and (5) recommendations for benefit changes. After months of study, it was concluded that (1) all of the strictly routine functions of the system should be brought together in a single centralized pension agency; (2) there should be a massive expansion in the use of electronic data processing; (3) separate boards of trustees should be maintained, retaining in full their quasi-judicial powers and appropriate staffs; (4) the basic retirement pension for full-career employees should be 50 percent of the last year's wages; (5) cost of living adjustments should protect retired workers from inflation.
SUBJECTS

Names:
Martin E. Segal Company
Segal, Martin E.

Subjects:
Civil service retirement--New York (N.Y.)
Employee-management relations in government--New York (N.Y.)
Municipal employees.

Form and Genre Terms:
Papers (documents)


INFORMATION FOR USERS

Access Restrictions:
Access to the collections in the Kheel Center is restricted. Please contact a reference archivist for access to these materials.
Restrictions on Use:
This collection must be used in keeping with the Kheel Center Information Sheet and Procedures for Document Use.
Cite As:
Martin E. Segal Company, Inc. Papers #5208. Kheel Center for Labor-Management Documentation and Archives, Cornell University Library.

CONTAINER LIST

Container
Description
Date
Box 1 Folder 1 1963
Box 1 Folder 2 1963
May 9 1963
Box 1 Folder 3 1963
June 3 1963
Box 1 Folder 4 1964
June 1964
Box 1 Folder 5 1964
Box 2 Folder 1 1962
Box 2 Folder 2 1962
Box 2 Folder 3 1962
Box 2 Folder 4 1962