Page 25 Advertisements Column 1

Press, Volume CXIV, Issue 33673, 24 October 1974, Page 25

IF YOU’RE A MEMBER OF A SUPERANNUATION FUND,YOU’LL WANT TO KNOW WHAT HAPPENS AFTER 1 APRIL What happens to your scheme after 1 April 1975 depends on decisions made by its trustees Xj and your employer. There are a number of possibilities open to them: forinstance they may / / keep your scheme going very much as it exists now, with all rights to lump sum benefits being retained for people who joined on or before 6 September 1973. Another possibility is that they could decide to change the scheme to include some of the advantages . of the New Zealand Scheme. If the contributions you or your employer make to a & 1 1 private scheme are less than the minimum required, the difference in each case must be contributed to J I the New Zealand Scheme for your benefit. *== You will not lose the advantage of your employer’s minimum contributions made after 1 April 1975 * if you change your job. In the past, employees changing jobs often lost the benefit of the v employer’s contribution 1 WHY A NEW ZEALAND . X MN SUPERANNUATION SCHEME? There are many and various superannuation schemes already in A operation. Why then should there be a need for another? Mainly because it has been estimated that out of a total work force f of over a million, some 750,000 New Zealand meh and women are I not in a superannuation scheme. Furthermore, those who are “• I in schemes often lose benefits when they change their jobs. The New Zealand Superannuation Scheme will be open to all. ... A From 1 April next, New Zealand workers will begin to earn their / J \s* •. right to retire with added dignity and comfort. / #4' B • rtfwfe lA n- W s it F° r more details on the New Zealand Superannuation Scheme, pick up this leaflet from your nearest Post Office, or Inland Revenue Office. I ||Q lllUlAf X 13 2*l Ss<l alii I l |C 11!C VV lll Hr®* a ■ mTinn tYrulHFflry ~