Age at which Annuity Begins.
at |---------------------------------------------------------------
Entry| 30 | 35 | 40 | 45 | 50 | 55 | 60 | 65 | 70
----------------------------------------------------------------------
20 |$13.47|$ 7.66|$ 4.83|$ 3.19|$ 2.16|$ 1.47| $ .99| $ .66| $ .45
30 | | 28.31| 11.97| 6.63| 4.05| 2.59| 1.68| 1.08| .72
40 | | | | 24.50| 10.06| 5.37| 3.16| 1.91| 1.21
50 | | | | | |19.83 | 7.79| 3.98| 2.27
60 | | | | | | | | 14.62| 5.62
65 | | | | | | | | | 12.46
----------------------------------------------------------------------

[Footnote 57: _Ibid_., Vol. 17, p. 11.]

The new system differs in two important respects from the old. In the
first place, the rates are graded according to age, and secondly, the
new system provides that a member may retire five years after entrance,
or thereafter at any successive period of five years up to seventy, and
that his premiums shall be fixed according to the time of retirement and
the period of his expectancy.

The disability certificates provide for an indemnity of eight dollars
per week for loss of time resulting from disability caused by accident
or sickness, a maximum of twenty weeks' disability during any one
year.[58] However, should a member, after entrance into the association,
become disabled permanently by "tuberculosis, paralysis, locomotor
ataxia, dropsy, cancer, diabetes, sciatica, chronic rheumatism, chronic
kidney or mental disease, or any other chronic disease," not especially
named in the constitution, that may, in the judgment of the board of
directors, cause permanent drain upon the funds of the Association, the
said member shall receive the disability allowance for twenty weeks,
after which all payments shall cease and his certificate shall be
cancelled.[59] The disability insurance is thus really sick insurance.

[Footnote 58: The Postal Record, Vol. 17, p. 6.]

[Footnote 59: Constitution 1905, Art. 12, in The Postal Record, Vol. 19,
pp. 2-6.]

To aid members who are too old to take advantage of the plan offered for
securing annuities by their own financial efforts, the Association, in
convention at Portland, September, 1905, endorsed an "extended leave of
absence retirement plan."[60] The Post Office Department of the United
States was requested to gr