RAILWAY SUPERANNUATION FUND.

Thames Star, Volume XLIV, Issue 10298, 19 July 1907, Page 1

RAILWAY SUPERANNUATION FUND.

It is not a fact, says the Premier, that the railway superannuation) fund is being burdened with a liability of £30,000 in respect to compensation for loss of office under the; Civil Service Acti of 1866 and the Government Railways Ajc* of 1987, as suggested by Mr Sidey.. Tl^ State guarantees the sufficdeoioy of the Gpyeroxnißnt 'Railways superaonfuatdc:; ifund^ and although, jar a matter o * onvenierice the rights of members o *>c Railway Service, (who are entitl <1 to • compemsatiooi under the Civil Service Act of 1866 and the G^ernment^Railways Act of 1887 have been, rM^ved, contingent on their becomingl contributors ,who ,are entitled r to compensation die, the fact must not be tost sight, of that the GovemmeatB«il- ;- waysi;^gpi(ain.uation Fund Act contains provisions whereby d*emand may be made on the Colonial TVeasurer, who, without any fdr|her wit^sation from' Parliament, may pay to the Board froml the Consolidated I^und h sum; sufficient to ineett any deficiettqy in 4he supeafainnuataon fund, ',' fronii whatwyter douse ariainig;. ;; The mtier^, ests of the superannuationi' foiid .^re therefore fully safegtiairded, a^d ultimately the Consolidated lS*nd will red Quip the superammatwn' fund,,a»y moneys that «^ tempoiwUy l» paid from; the fund in respe<rt compenßatiion due tb «mtribut«p| 'pflfvi^iiß the Bailw^ay Derwrtment prior: io.-Jfce passing of Hie Gorernment Railwaye Act of 188 T. • •