Ms Waring’s long wait for pension

Press, 16 February 1984, Page 3

Ms Waring’s long wait for pension

Parliamentary reporter When the National member of Parliament for Waipa, Ms Marilyn Waring, vacates her Parliamentary seat in November she will become the youngest person in New Zealand’s history to qualify for the Parliamentary pension. The pension is due to any member of Parliament who sits for nine years or longer, and Ms Waring will have Road toll 62 PA Wellington The Ministry of Transport said yesterday that 62 road deaths had been reported so far this year. This compared with 76 at the corresponding time last year. There had been 22 deaths so far this month, compared with 19 at the corresponding time in February last year. — (PA).

completed her nine years by November, having been first elected as member for Raglan in 1975.

She was then aged only 22, and is standing down at the age of 31. However, the pension is not due until the retiring member reaches the age of 50, and so Ms Waring will not begin receiving the pension until the year 2003.

Should she be re-elected to Parliament before then and still be a member in 2003, she will not be entitled to the pension until she leaves Parliament again. The pension is set at one thirty-second of the member’s basic salary of $32,000 a year. After nine years, Ms Waring is entitled to nine thirty-seconds of $32,000 ($9000) a year). The pension is inflationadjusted and so she will get nine thirty-seconds in 2003 of whatever the basic salary for a member is in that year.