PUBLIC SERVICE PENSIONS
Increases Sought Superannuitants (New Zealand Press Association) AUCKLAND, June 24. The Government Superannuitants’ Association will ask the Government to review the amount of individual superannuation paid to retired public servants. The chairman of the Auckland branch of the association (Mr H. Binsted) said that a petition asking for the review would be presented at the present session of Parliament. According to the price index of 1959, the value of superannuation received by retired civil servants had depreciated by 30 per cent, since 1950. Superannuation granted in 1935 had now depreciated to only 33 per cent, of its former value. » The amount of these pensions had been “undermined by ever increasing inflation,” Mr Binsted said. The United Kingdom and Australian Governments had granted, increases and his association believed the New Zealand Government should grant similar increases.
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Press, Volume XCIX, Issue 29240, 25 June 1960, Page 11
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138PUBLIC SERVICE PENSIONS Press, Volume XCIX, Issue 29240, 25 June 1960, Page 11
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