SUPERANNUATION
TEACHERS’ FUND SHOWS LOSS OF £106,524. By Telegraph —Press Association WELLINGTON, December 14 A net loss of £106.524 compared with £53,982 in 1932, Is shown in th- annual report on the Teachers’ Superannuation Fund for the year ended January 31 1933. which was presented to the House of Representatives yesterday The number of contributors or. the roil at the end of t>>* year was 9355, a decrease of 609 from the previous year Their contribution amounted to £113,764 and the Government subsidy and interest made the total income £221.901, compared with £235,560 in 1932. The total expenditure was £328.425, including £283,733 for retiring and other allowances; £33,478 for contributions - fundee! or transferred; and £7500 as provision for loss on investments The previous year’s expenditure was £289,542. The balance at "tilt o! the fund stands at £1.i11,642 compared with £1,218,166 for the previous year Tile ■ eport mentions that payment the cost of living bonus has been continued in necessitous cases
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19673, 15 December 1933, Page 11
Word Count
160SUPERANNUATION Timaru Herald, Volume CXXXVII, Issue 19673, 15 December 1933, Page 11
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