PRIVATE BENEFIT SOCIETIES COMMISSION.
Replying to the Commissioners at Wellington yesterday, Mr Callender said there were some officers placed on pensions before they reached the pension age. Rule 5 provided that anyone with an unblemished record for twenty years, who had to leave through an error of judgment, might be pensioned. The fund was quite distinct from the Bank. J. G. Fildes said he had formerly been in the Bank for thirty-one years. His pension amounted to £257 per year, but it was subsequently reduced to £154. If another officer had been reduced from £6OO to £SOO, instead of two-fifth?, it was unfair, and had he heard of it before he would have raised his protest. The Commission intend to secure a list of the pensions under the Bank of New Zealand Benefit Society with a view of publishing it. The Commission will probably close its sittings here to-day, and meet at Auckland on Monday, the 28ih.
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Bibliographic details
Evening Star, Issue 10344, 18 June 1897, Page 4
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157PRIVATE BENEFIT SOCIETIES COMMISSION. Evening Star, Issue 10344, 18 June 1897, Page 4
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