Good Response To Farm Scheme
(From Our Own Reporter) WELLINGTON, February 17. The National Provident Fund has had a good response to the Government’s farm superannuation scheme from farmers in Canterbury, Southland and North Auckland. The new business officer of the fund (Mr H. K. Kelliher) said today the scheme had now been introduced in the South Island, Northland, Auckland, Waikato and the Bay of Plenty. Under the scheme, launched last November, any agricultural or pastoral worker, including a share-milker, is eligible to join providing his employer is willing to enter him into it and subsidise his contributions.
Minimum contributions are 5s a week and the maximum 5 per cent of a worker’s pay. Contributions are subsidised £1 for £1 by employers. Mr Kelliher said it was too
early yet to say whether the scheme had been a success. It usually took 12 months to gauge the full effect. He was pleased, however, with the response of Southland, Canterbury and North Auckland farmers to it. Dairymen in the Waikato had so far not become heavily committed, but meat and wool farmers in the area had responded well.
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Bibliographic details
Press, Volume CIV, Issue 30678, 18 February 1965, Page 14
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187Good Response To Farm Scheme Press, Volume CIV, Issue 30678, 18 February 1965, Page 14
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