AGE BENEFITS

Waikato Times, Volume 126, Issue 21034, 9 February 1940, Page 6

AGE BENEFITS

SOCIAL SECURITY £lO ON APRIL 1 NOT EXTRA TO PENSION “According to the law, universal superannuation in New Zealand will come into existence on April 1,” said the acting-Minister of Social Security, the Hon. W. E. Parry, yesterday. “This superannuation will be paid without a means test. “The law says that every person in New Zealand of 65 years or more, who qualifies, will be entitled to the superannuation, which has been fixed at £lO for the first year,” the Minister continued. “No person is entitled to two benefits under the Social Security Act, however, so that no old-age pensioner already in receipt of his full amount will benefit under the superannuation scheme. “It will be necessary to make application for the benefit at the pensions office in the same way as for other pensions,” Mr Parry added. He said it had not yet been decided whether the first year’s payment of £lO would be made in a lump sum, or quarterly. “There is no part of the Act that gives any indication of any such thing.” the Minister said, when it was brought to his notice that many oldage pensioners believed that they would receive £lO extra this year, under the superannuation scheme.