LIMITED MEANS.
Under the above heading a correspondent contrasts the position of the old colonist who receives £18 per annum interest from the P.O. Savings Bank for £450, with the position of the less thrifty old colonist, who, having saved nothing, receives £45 10/ as old age pension. Apparently this correspondent is unaware of the fact that at 65 (if a male, 60 if a female) the £450 could (at fc) be invested in a State annuity at 10 per cent, viz., £45 per annum, which may be drawn in conjunction with the old age .pension of £43 10/. If the State Insurance Department would make that fa«t public they would do much more business and many old colonists would.aas£-Jbatter provision for their age. SUBSCRIBER.
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https://paperspast.natlib.govt.nz/newspapers/AS19310119.2.59.4
Bibliographic details
Auckland Star, Volume LXII, Issue 15, 19 January 1931, Page 6
Word Count
125LIMITED MEANS. Auckland Star, Volume LXII, Issue 15, 19 January 1931, Page 6
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