1.—14

[As EEPOBTED PEOM THE EDUCATION COMMITTEE.] 14th September, 1906. Rt. Hon. R. J. Seddon. TEACHBES' SUPEEANNUATION.

ANALYSIS. hw Tin 12, Eetirement at pension age. Amount of Short Title. pension. Interpretation. 13. Eetiring medically unfit. The Fund 14, Voluntary retirement or dismissal. 3. Superannuation Fund. Hi' ea JJj °* contributor not leaving a widow. 4. Persons employed at commencement of Act „ ° B ?? tnhato * leavln ?, a wia °fmay elect to contribute. "• Retiring-allowance to be paid monthly. 5. Teachers employed after commencement of 18 ' Gra °* ee . ma 7 elect to receive refund of oonAct to contribute. 1Q „ t - s " utl0 "?- -6. Other persons so employed may elect to con- 19> fXf aal p t anoe ° r instalment. may be fortribute. felted. Eeturn to duty after being medi7. Eates of contribution. Contributions to cease on . ~ ~ after a time. Contributions while pay Eetlrln g-f lowance not alienable, stopped for ill health. H' tate to the fund. 8. Investment of fund 22 ' Government guarantee of any defioienoy in 9- Board. OQ . fund : 10 Election of members of the Board. f; Ao ° ounts and balance-sheet. 24. Actuarial examination of fund. Benefits of the Fund. 25. Scheme may be modified. 11. Application of fund. 26. Regulations.

A BILL INTITULED An Act to establish a Superannuation Fund for Teachers and Others in the Service of Education Boards and other Educational Bodies. 5 BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows: — 1. The Short Title of this Act is " The Teachers' Superannuation Act, 1905," and it shall come into operation on the first day of 10 January, one thousand nine hundred and six. 2. In this Act, if not inconsistent with the context, — "Board" means the Teachers' Superannuation Board under this Act: "Contributor" or "member" means a person who con--15 tributes to the fund : " Education Board" means an Education Board under " The Education Act, 1904": " Fund " means the Teachers' Superannuation Fund : New interpretation clause. 20 " Managers of associated classes " means the managers of associated classes under sections one hundred and seventyone and one hundred and seventy-four of " The Education Act, 1904": No. 77—2. ii—l. 14.

Title.

Short Title.

Interpretation.

III