NATIONAL PROVIDENT FUND.
WELLINGTON, May 31
The Hon. R. H. Rhodes (Minister in charge of the National Provident Fund) states that the membership of the fund continues to show a substantial increase. The number of applications for enrolment received to date has now reached 10,000. This number, which is, of course, not the actual membership at the present date, indicates very plainly the excellent results attained through the present policy of lecturing and encouraging workers to join. The amount to the credit of the fund is now approaching £60,000, while during the 12 months ended December 31 maternity benefits amounting to £1644 were paid through the fund to contributors. The Minister points out that the successful establishment of the fund and the rapidly increasing membership are from a "thrift point of view very satisfactory, particularly as the scheme is on a voluntary basis and is still in the most difficult stage of existence —viz., the first five years waiting period, at the end of which, important benefits, such as for incapacity, widows, and children, commence to be claimable. There can be no doubt that the fund is going to prove a great factor involving the problem of social insurance in New Zealand.
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https://paperspast.natlib.govt.nz/newspapers/OW19150609.2.198
Bibliographic details
Otago Witness, Issue 3195, 9 June 1915, Page 79
Word Count
202NATIONAL PROVIDENT FUND. Otago Witness, Issue 3195, 9 June 1915, Page 79
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