SUPERANNUATION FUNDS

Evening Star, Issue 21622, 18 January 1934, Page 6

SUPERANNUATION FUNDS

RAILWAYMEN'S RESOLUTION At the monthly meting of the Otago branch of the Amalgamated Society of Railway Servants the proposals which had been put forward for the stabilising of the various superannuation funds were freely discussed, and first hand information was available for the information of members. At the close of the discussion the following resolution was carried unanimously:— “ That this meeting of the Otago branch, A.S.R.S., having considered the proposed alterations to the Railway Superannuation Fund, is of the opinion that, in view of the exceptionally low subsidy required to be paid by the Goverment to maintain the present division 11. members’ allowances, no alteration should be made in the present benefits. We further assert that in the event of any alteration in the Act being contemplated that would prejudicially affect division 11. contributors’ benefits, a clause should be inserted in the Act that would give members the right to ivithdraw their contributions (plus interest) Irom the fund with a view to their making a more satisfactory provision elsewhere.”