The “New Spirit in Industry” appears to be beginning to assert itself in many ways, one of these being the inauguration of Staff Benefit Schemes of all kinds. This is an excellent thing from every point of view and a matter which actuaries must necessarily follow with the closest attention. The title of this paper is very wide in its scope, and any attempt to treat of the subject completely would involve a volume rather than a Students' Society paper. It is therefore proposed to limit these remarks to the consideration of the form in which a scheme may be set up, i.e. either as an individual Pension Fund or by means of contracts effected with an Assurance Company, and then to the discussion of schemes established in the latter manner only.