OLD AGE PENSIONS ACT.
PROPOSED AMENDMENTS. [BY telegraph.— special CORRESPONDENT.] Wellington, Monday. The Premier, as already announced, has introduced an amendment to the Old Age Pensions Act, providing for an increase of the weekly pension from 7s to 10s. Mr. Taylor also has a Bill in preparation, entitled " An Act to place old age pensions upon a more equitable basis, and to remove the stigma of poverty from the recipients of such pensions." The object is to amend paragraph one of section 10 of the principal Act, regarding the computation of the " accumulated property" of recipients. This paragraph reads: " "All. real and personal property shall, to the extent of his beneficial estate, or interest • therm, be deemed to be his accumulated property." Mr. Taylor proposes to add to this provision the words, " provided that the value of any property occupied by the claimant as his or her bona-fide home, which the claimant is able to prove is not productive of any monetary income, shall be excluded when the net capital value of his other ' accumulated property is being estimated." .
The limit of the value of property allowed to be held by a pensioner under the principal Act ie £270, and Mr. Seddon's Bill proposes to reduce this to £260.
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New Zealand Herald, Volume XLII, Issue 12909, 4 July 1905, Page 6
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209OLD AGE PENSIONS ACT. New Zealand Herald, Volume XLII, Issue 12909, 4 July 1905, Page 6
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