Note 199 — Chapter VIII · INDIVIDUAL SAVINGS AND INDUSTRIAL PENSIONS

A recent inquiry addressed to corporations who have established pension systems is of interest. Of 58 answers to the question “Have your workers shown appreciation of benefits of pension system?” fifty-one answered in the affirmative. To the question whether the pension system has had a material effect in promoting efficiency, “particularly in that it has eliminated their worries concerning their future,” 36 out of 58 returns replied in the affirmative. Thirty-three out of 57 replies also answered yes to the question, “Has your pension system increased the average permanency of employment of your employés, i. e. has it reduced labour turnover materially?” In regard to the questions whether industrial pensions have decreased industrial unrest on the part of employés, or prevented strikes, 20 of 44 replies stated that it did to a certain extent, while 23 others declared that it did not.