RAILWAY STAFF

Evening Post, Volume CXII, Issue 2, 2 July 1926, Page 8

RAILWAY STAFF

NEW SUPEKANNUATION FUND

REGULATIONS.

The Gazette issued last evening con-, tains amendments to the Railways Superannuation Fund regulations. The amendments provide that any person who is or shall be temporarily employed by the Department, and who is eligible for appointment to the permanent staff may, subject to the approval of the Department, pay contributions to the fund during and in respect of his temporary employment. Tho rate of contribution payable by any contingent contributor shall be determined by reference to his ago at the date of his last engagement as a temporary employee in the Department. The contributions of contingent contributors shall form part of the fund. If any contingent contributor becomes ineligible for, or declines to accept, permanent employment in the Department, or dies, while temporarily employed by it, or elects to join the fund only as from tho date of his appointment to the permanent staff of the Department, -or if his services'be dispensed with, then the whole amount of his contributions to tho fund shall bo refunded, without interest. Nothing shall entitle any contingent contributor to tho rights and benefits of the fund unless he is appointed to tho permanent staff of the Department.