SUPERANNUATION.

Auckland Star, Volume XLI, Issue 204, 29 August 1910, Page 2

SUPERANNUATION.

LIMITATION TO SMAiX, AMOUNTS. A BIG QUESTION. (By Telegraph.—Press Association.) WELLINGTON, this day. I Replying to a deputation representing ■ tlie University professors of New I who are anxious to be allowed to participate in the benefits of the Teachers' Superannuation Fund, the Premier made an j important statement. He said if the Government could see its way to include the professors in the scheme Ijhey would do so, but the difficulties were muen greater than the professors imagined. The position had become such that the Government intended to introduce legislation this session, limiting all pensions !to a comparatively small amount. The tendency to-day was to let superannuation services run away with the country. The tendency was such that a public servant, on retiring, would be pro- \ vided with a salary, not a pension. The result was that the Government had to face the position of seeing the whoie superannuation scheme break down. To avoid this the Government ■would have to supplement the fund from one or two sources: (1) To ask future entrants to pay a much higher rate, or (2) by much heavier Government contributions. " We are not prepared to do that," he said, emphatically. The Government could not escape the responsibility of creating a separate fund. In connection with the Canterbury College, Cabinet had already considered the matter, but they would consider it again. The Minister for Education asked if professors were prepared to make a conj tribirtion for back pay. The deputation said it was prepared to consider such a proposal.