UNIVERSAL SUPERANNUATION.

Auckland Star, Volume LXII, Issue 260, 3 November 1931, Page 6

UNIVERSAL SUPERANNUATION.

We have all received n circular informing lis that if we lodge 5/ weekly in the Post Office Savings Bank it will amount to £loii in ten years. But we all knew that before. But we do not know the following, because the Government Departments we pay to serve us do not tell us, viz., that if every young man and woman of twenty-one in New Zealand Indeed 2/6 weekly j„ the Post Office Savings Banktill sixty-live and then drew all but £~>U and invested it in a Government annuity of £">2 and applied for the O.A.P. of. £4.") 10/ that procedure would en.-ure an income.of £93 10/ for life. If not in need of the old ago pension a sum of nearly £<>00 would be saved, wlvle the Government would have the use of the money for forty-five years or for HI time, "ion have here properly amplified I'm inception of a sound superannuation sclicnie applicable to all, and not merely to tbe Government employee, who, having received a good -ahirv foi thii tj -fin e years, retires on superamw'iiion. while others who have served their connl.i} equally in other capacities ref/re l" Ili Old Men's Home. " COLONIST,