SUPERANNUATION
A NEW MEASURE. V WELLINGTON, October 17. A Bill to amend tne basis of the contributions to the State . Superannuation Funds has been drafted. It is understood that the Bill provides that men will still have the right to retire at 65 years of age, but, whereas they now have the right to retire after forty years’ service, it will in future, be provided that the minimum retiring age must be 60 years. Women, in future, may retire at sixty years, and at 55 years if this is combined with thirty-five years’ service. J'he basis for the calculation of the superannuation payments in future will, fit is understood he the average salary received during the ten years prior to retirement, instead of the three years prior thereto, as at present.
It is understood there will also be a readjustment of the allowances to the present annuitants and that this will be made retrospective:
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Bibliographic details
Hokitika Guardian, 18 October 1932, Page 6
Word Count
154SUPERANNUATION Hokitika Guardian, 18 October 1932, Page 6
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