SUPERANNUATION
COST-OF-LIVING BONUS CONTINUED. The funds under the three schemes for public employees as at the end of their last respective financial year were as follows: —Public Service £2,197,400, railways £734,112, teachers £942,755. The gross amounts received from the State during the year amounted to £309,000, of which, however, £138,194 was recovered from revenue-earning departments. ° The following table gives particulars of contributions paid by employees themselves into the several funds since their inauguration, and also the amount provided by the Government during the same period:—
The total amount of bonus paid to annuitants whose allowance is less than £IOO per annum, and for widows and dependents, was £42,782, and it is proposed to continue the bonus to the end of the current financial year. The allowance for widows and children will be permanently provided for, A vote for the amount required is submitted in the Estimates.
Employ .-s’ Govt. Contrib. Subsidies. £. £. Public Service , ... 2,600,000 1,118,500 Railways ... 1,800.000 780,000 Teachers . 1,100,000 511,000 Totals £ £5,500,000 £2,409,500
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https://paperspast.natlib.govt.nz/newspapers/ESD19250725.2.17.22
Bibliographic details
Evening Star, Issue 19002, 25 July 1925, Page 3
Word Count
164SUPERANNUATION Evening Star, Issue 19002, 25 July 1925, Page 3
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