SUPERANNUATION
£>ir, —According to the recent reports the Auckland City Council, Transport Hoard and the Harbour Board have agreed to restore wage cuts to all employees on a low scale of pay. Well, surely, it is about time the superannuation ' cut was restored to the second division men in the Railway Department, who were given three days' notice that their services were to bo dispensed with and that they would be compulsorily retired on superannuation under clause 14 of No. 1 Finance Act, 1931. Some of us had service in the Railway Department for 32, 33 and 34 years and had paid our percentage into the fund at four-weekly periods since it started in 1903. On our allowances on a basis of l-60th of our wages for each year of service we would have been entitled to receive from the fund from £2 14s up to £3 2s 6d a week. But wo all got a big cut, some down to 3s 8d a week, although there has been no cut whatever on any of the big allowances. Victim of 1931 Act.
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Bibliographic details
New Zealand Herald, Volume LXXII, Issue 22046, 28 February 1935, Page 15
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182SUPERANNUATION New Zealand Herald, Volume LXXII, Issue 22046, 28 February 1935, Page 15
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