SUPERANNUATION PAYMENTS
MR PARRY’S STATEMENT. [PEB PBESS ASSOCIATION.’' AUCKLAND, February 11. “According to the law, universal superannuation in New Zealand will come into existence on April 1,” said the Acting-Minister, for Social Security, Mr Parry, in Auckland. “This superannuation will be paid without a means test. The law says that every person in New Zealand of 65 years oxmore, who qualifies, will be entitled to the superannuation, which has been fixed at £lO fox’ the first year,” the Minister said. “No person is entitled to two benefits under the Social Security Act, however, so that no old-age pensioner already in receipt of his full amount will benefit under the superannuation scheme.
“It will be necessary to make application for the benefit at the pensions office in the same way as for •other pensions,” Mr Parry said. It had not yet been decided whether the first year’s payment of £lO would be made in a lump sum or quarterly. “There is no part of the Act. that gives any indication of any such thing,” the Minister said, when it was brought to his notice that many oldage pensioners believed tha,t they would receive £lO extra this year, under the superannuation scheme.
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Greymouth Evening Star, 12 February 1940, Page 9
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200SUPERANNUATION PAYMENTS Greymouth Evening Star, 12 February 1940, Page 9
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