Martin E. Segal Company, Inc. Papers, 1962-1964
Collection Number: 5208
Kheel Center for Labor-Management Documentation & Archives
Cornell University Library
DESCRIPTIVE SUMMARY
Title:
Martin E. Segal Company, Inc. Papers, 1962-1964
Repository:
Kheel Center for Labor-Management Documentation & Archives
Collection Number:
5208
Abstract:
The retirement systems of the City of New York : seven part report and related papers
1961-1964.
Creator:
Martin E. Segal Company
Quanitities:
1 cubic feet
Language:
Collection material in English
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.
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.
Access to the collections in the Kheel Center is restricted. Please contact a reference
archivist for access to these materials.
This collection must be used in keeping with the Kheel Center Information Sheet and
Procedures for Document Use.
INFORMATION FOR USERS
Martin E. Segal Company, Inc. Papers #5208. Kheel Center for Labor-Management Documentation
and Archives, Cornell University Library.
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.
CONTAINER LIST
|
Container
|
Description
|
Date
|
|
| Box 1 | Folder 1 |
The Retirement Systems of the City of New York Part 5, The Benefit Structure
|
1963 |
| Box 1 | Folder 2 |
Digest of Reports of the Consultants to the City of New York on its Retirement Systems
|
1963 |
|
Scope and Contents
May 9 1963
|
|||
| Box 1 | Folder 3 |
The Retirement Systems of the City of New York Part 6, The Development and Publication
of Evaluative Data
|
1963 |
|
Scope and Contents
June 3 1963
|
|||
| Box 1 | Folder 4 |
The Retirement Systems of the City of New York Part 8, A New Retirement System: Comparative
Benefits and Costs
|
1964 |
|
Scope and Contents
June 1964
|
|||
| Box 1 | Folder 5 |
The Retirement Systems of New York Part 7, The Cost of the Present Systems
|
1964 |
| Box 2 | Folder 1 |
The Retirement Systems of the City of New York Part 1, Growth and Provisions of the
Systems
|
1962 |
| Box 2 | Folder 2 |
The Retirement Systems of the City of New York Part 2, The City Systems Compared with
the Retirement Plans of Other Employees, Public and Private
|
1962 |
| Box 2 | Folder 3 |
The Retirement Systems of the City of New York Part 3, Actuarial Structure of the
Reserve Systems
|
1962 |
| Box 2 | Folder 4 |
The Retirement Systems of the City of New York Part 4, The Administration of the City's
Retirement Systems
|
1962 |