TEACHERS’ SUPERANNUATION

Lyttelton Times, Volume CXV, Issue 16569, 5 June 1914, Page 8

TEACHERS’ SUPERANNUATION

[From Our Correspondent.] DUNEDIN, Juno 4. At a meeting of the Otago branch of tho Now Zealand Educational Institute to-day Dlr DV. Davidson stated that the income of the teachers superannuation fund was £^ ;G °° fw 1 outgoings but so that tho actual increase was £ol,ooo, and ho was glad to say that the accumulated fund stood now at £300,000 Ho proceeded to reniovo a misapprehension and to state a grievance. It was not, ho said, generally knoun that bj the amending Act passed on October 10, 1908 all teachers who were then permanently employed and contributing were entitled to count hack service m tlie computation of their ret-inng allowances, but (and here tho grievance lay) tho«e who entered subsequent to that dnto were not allowed to count hack service while under the amendment of 1912 bv which professors and lecturers wore brought in. these were allowed to count back service wTiero permanently employed in 1906. If tins were l’Hit, assorted Dlr Davidson, then all teachers wlio were in tlie service in 1912 and who had service prior to 1906 should bo allowed to count such service in computing retiring allowance. 110 thought that tho Institute should do everything to have the Act further amended, so that teachers should be nlaced on the same footing as professors, lecturers and others.