OLD ACE PENSIONS.

Taranaki Herald, Volume LIV, Issue 13635, 19 February 1908, Page 5

OLD ACE PENSIONS.

s. « _ ' the french scheme. Workers and employers to contribute. By Electric Telegraph. — Copyright. (Received February 19. 8.58 a.m.) / PARIS, February 18. M. Viviani, the French Minister for labour, speaking in the Senate, acknowledged that it was impossible for the State to contribute more than £4,000;00& sterling annually to old age pensions. The Government was willing to fix that kß'*h©'amofonl;'an > d' I *fW save the BjlL ' . The. Bill* is based on a workmen's contribution of 2 per cent* of the wages received, the masters* to add another 2 per cent, and the State contributions to complete the fund. ' [The French Government has had to modify its scheme , extensively. Last week a commission reported that: it would cost £18,000,000 a year to grant workmen's pensions on the basis originally proposed. The Government now finds that 'it can only spend . £4,000,000 per , yearv]