Broad Outlines of New Scheme:
Pensions at 65: The Cost to the Exchequer London, May 8, The pensions schemes outlined by /Mr, Winston Churchill in his budget speech are dealt with in detail the "Widows and Orphans Old-Age [Contributory Pensions Bill", publish Tt is accompanied by jatory memorandum and [the Government Actnary's. report.
The new scheme contemplates old-Jage pensions at 65 instead of at 70, which would pass on attainment the age of 70 into pensions under the Old-Age Pensions Act, [freed from the restrictions and dise qualifications at present applying to the Act, Who Would Benefit "Beneficiaries" are survivors of Persona ceasing to be compule sorily insured on leaving employe ment or who have already ceased to bbe insured before the inception of th new scheme would be given nto continue or resume in surance as voluntary contributors the fall of contribution ordinary payable by employer and employee jointly.
Thus everyone who has been for some time incurably employed for a minimum'period of two years would enabled to take advantage of the scheme.
Voluntary contributors equally with employees would have to be, insured for health insurance and pensions. Certain classes of per~ sons who are exempted from the to be insured for health inouranes would now be required to sured under the Widows and Oil-Age Pensions if the terms of employment do not provide for these benefits Special provision would be made to widows, and children of insured ied before the ince the scheme.
Text read from the printed page and cleaned; old type leaves the occasional error.