Explanation of the "bonus" compensation promised WWI veterans

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Explanation of the "bonus" compensation promised WWI veterans - certificate shows that it is composed of (a)...
certificate shows that it is composed of (a) "adjusted service compensation," compensation," computed at the rate of $1 a day for United States service and $1.25 a day for foreign service, and (b) compound interest covering a period period of twenty years. The "adjusted "adjusted service compensation" was considered considered as due in 1925 by the passage of the bonus law. It could not be paid then, so it was funded and twenty years of compound interest added to the "adjusted service compensation" compensation" to make the "full value" of the bonus certificate. To illustrate: illustrate: A man whose "adjusted service service compensation" was $600, was credited with approximately HI per cent compound interest for twenty years so that the face value of his bonus certificate was the "adjusted service compensation" of $600 by 2.41 per cent, or $1,446. If the bonus is

Clipped from
  1. The Indianapolis Star,
  2. 08 Aug 1932, Mon,
  3. Page 6

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  • Explanation of the "bonus" compensation promised WWI veterans

    staff_reporter – 12 Jun 2017

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