RAILWAY SUPERANNUITANTS
Sir,—When I joined the Railways Department I was compelled to join the superannuation fund. After 39 years’ service I receive 12 monthly payments of £2l 0s 3d—total £252 3s a year, whereas, under social security, a married couple get £273—£21 a year more than I draw; apd I still have to pay the Is 6d in the pound wage tax. Further. I did not have the opportunity the railwaymen have today. For instance, if he is within six months of getting his 40 years’ service he may resign from the superannuation fund and gets all his contributions refunded, say £4OO. He can then come under social security and get the £2l a year more than I do and still have his £4OO to play with. The present Government promised to go into this matter and I am waiting to see if Mr Holland will keep his election pledge.—Yours, etc., RETROSPECTIVE. July 19, 1950. [The Minister of Railways (Mr W. S. Goosman) had no comment to make on this letter.]
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19500810.2.7.4
Bibliographic details
Press, Volume LXXXVI, Issue 26187, 10 August 1950, Page 2
Word Count
171RAILWAY SUPERANNUITANTS Press, Volume LXXXVI, Issue 26187, 10 August 1950, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in