TWO SUPERANNUATION FUNDS.

Dominion, Volume 1, Issue 123, 17 February 1908, Page 9

TWO SUPERANNUATION FUNDS.

POLICE - STANDPOINT.

.I: (BY.! TEI.EQRAPH.—PRESS ASSOCIATION.)''''' ' i h ■' Wansariui, February. 10. j, At a fully attended 'meeting of tho local and. suburban " police held last'night; the question of; members'.joining'the' Puolic Servic'p; 1 Superannuation' .Fund, established'last session; 'was/considered. -'It' was pointed out that; the;'benrats:'under the Public Service' Act' 1 were, in; many cases,. better.; than.' under' tho Polico. Provident.Furid.',' y' ' ... For, of ~ the Sponsion' : go-. ing jUp to,- 36-sixtieths '.of a year.'? . pay,', asprovided,by'tho police fund, : it could 'go'' up to under tho. Public. Servibe' fund.; .Contributions paid -into this 'fund ,ar°. returnable,' irrespective of,', the "yoars ! of. service, or whether dismissed^' whereas ,uuuer the Police Fund a contributor'with un-. ■ r .y®f, J'®psN; service'. cannotlCrccoiVo 'any 'JS.VW'' ..ten to. twenty-fivo years (it he .leaves, voluntarily) , ho receives:thrcolourttis of the amount, contributed, but. after twenty-five years' service no ' return . of: the contributions can be made .unless'be retires on pension. . ; ■ Service, Fund provides .that"', the .shall .receive , a pension , iJu-JJar^ ar f ' u "ng her widowhood, and each cmkLos.. per .: week ..until reaching, the ?&» ' s y, - This applies .to- whore ,tto ,contributor•.has ..only .served ■ a short' penod. prior ~This, it was pointed ami' Vvn S „ ■ a ' most I,'beral .provision,. that should make all married men Service Fund ,!a t0 ovcr

h i?* oA ' >Bain/.8 ain /. %"'fact of "all' contributions J™®; 13 tho greatest import-, anco to both old add. young. members;?", In a l°;n ; C „ aSeS th . oam °"nt of,'tho-contribution wdl increase from sto 1 p or cent.,, and in a fow others they wil , decrease by the same ; It ,f??....«>?ught that increasing M™V? i-f r T fr T under the lohco Fund, to .Co under the, Civil Service' Fund was an objection from a police point' of ««', but it wag 'pointed ' out that the Minister, in' controls the Police Department could make the retiring age 00, . and would in. all probabdity .do bo, as it would certainly .po injurious ,to the Department to nave , a number of pohcemon orer 60 rears of ngo..\ •/ ' It. was by those present that apparently; tho great an:l; only • blot in the Civil. .Service Fund .from the .police point of view js that thero,')s no provision for a sintabjo pension; for police officials injured while in the execution of their duty, as pro--; •jadcd,fqr:m, the-Police Fund,' but it was thought that'when this was-.pointed out ! steps.would-.be taken to rectify it. "After carefully, considering the whole scheme, it was t unanimously dccided to • vote that tho police join tho Civil Service Fund