23

E.—9

provision in respect of universities differs from that in respect of contributors under the Act of 1908. The retiring-allowance is one-sixtieth of the average rate of salary for the three years next preceding retirement, for each year or part of a year of contribution to the fund, together with a one-hundred-and-twentieth part of such salary for each complete year of service between the Ist January, 1878, and the date of passing of the Act (7th November, 1912). These allowances are subject to the limitation of a maximum of £300 prescribed by the amending Act of 1909. In the War Legislation Amendment Act, 1916, certain provisions were made respecting conditions arising out of the war. Certificated or licensed teachers temporarily appointed under that Act to positions in public schools are given the right of election, to become contributors to the fund, while the status of certain contributors on active service is protected. • 2. Provision for the Government contribution to the fund has been made as follows : — (a.) Under the (section 23) Teachers' Superannuation Act, 1905 (the original Act), £5,000 was paid during the first quarter of 1.906. No payment was made in 1907 or 1908. (b.) Under the Public Service Classification and Superannuation Amendment Act, 1908 (section 39), £7,000 was paid during the first quarter of the years 1909, 1910, 1911, and 1912. (c.) Under the Public Service Classification and Superannuation Amendment Act, 1912 (section 9), £17,000 has been paid during the first quarter of each year subsequent to the date of the Act.

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