SUPERANNUATION.
INDIVIDUAL CONTRIBUTIONS.
(To the Editor.)
Your correspondent "Colonist" seems to think a Government employee is on a good, wicket when retiring on superannuation after thirty-live or forty years' service. Does ha know that the said superannuation consists of five per cent of the employee's pay, that is, a man getting £20 per month has £1 taken for superannuation (no interest allowed) and goes on paying that until he retires at thirty-fiva or forty years, or, like some of the raihvaymen of to-day, is compelled to go off on thirty years' service at about 36/ per week? XYZ.
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Bibliographic details
Auckland Star, Volume LXII, Issue 262, 5 November 1931, Page 6
Word Count
98SUPERANNUATION. Auckland Star, Volume LXII, Issue 262, 5 November 1931, Page 6
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