Old Age Pensions.

Waikato Argus, Volume XXIV, Issue 3799, 4 June 1908, Page 3

Old Age Pensions.

Melbourne, June 3.

At an early hour this morning the Old Age Pensions Bill was presented to the Federal House. It provides a pension for every person who has attained the age of 65, or those who, being incapacitated from work, have attained the age of 60. Women of 60 will receive the pension. Provision is also made for invalid pensions to come into operation by subsequent proclamation, under which every person above the age of 16, permanently incapacitated, shall receive a pension.

The amount of each pension is fixed at £26 per annum.

It is understood that the annual COSt Of the scheme will be £1,800,000.

The second reading of the Surplus Revenue Bill was carried.