NEW SUPERANNUATION SCALES
Sir, —Your correspondent, "Inquirer," has asked whether existing superannuitants are to benefit from the increased scales. I have not seen the new Act, but from what appeared in the Press at the time it would seem that they do not. If they do not, the position would be something like this: Alice Smith entered a Department, served 30 years, and retired in 1945 at £150 a year, after reaching a salary of £300 a year and paying into the fund for 30 years. Joan Smith entered a Department, served 30 years, and retired in 1946 at £250 a year, after reaching a salary of £300, and paying exactly the same amount into the fund as Alice did. Surely this cannot be right? But if it is, then the pre-1946 superannuitants get a rotten deal, seeing that their annuities, which were to be free of all deductions when their contracts with the Government of the time were entered into, are to be subject to an increased social security tax of Is 6d in the £. And what do they get for it? Ido not forget that many of the general public are in the same position.—l am, etc.,
SUPERANNUITANT,
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Bibliographic details
Evening Post, Volume CXL, Issue 150, 22 December 1945, Page 6
Word Count
200NEW SUPERANNUATION SCALES Evening Post, Volume CXL, Issue 150, 22 December 1945, Page 6
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