Page 54 Advertisement 1

Kai Tiaki : the journal of the nurses of New Zealand, Volume XIII, Issue 1, 1 January 1920, Page 54

THE NURSES' PROTECTION AND THRIFT FUND. THE STATEMENT. Benefits secured by a Nurse Banking is. lojd. a week m the NURSES' PROTECTION AND THRIFT FUND. 1. with all Interest (or bonuses) at the 9. 12s. por week during temporary total disend of 20 years. ablement through accident for 52 weeks 2. A Pension (or annuity) may be purchased m any one year for any one accident. with the above cash payment if a mem- 10. 3s. per week during temporary partial ber so desires. disablement through accident. 3. 6s. Bd. if death occurs from natural 11. 12s. per week during temporary total disoauses (bonuses added). ablement caused by one or more of the 4. 6s. Bd. if death occurs as the result following diseases f v 26 weeks m any of an accident (bonuses added). one year for any on of 31 diseases (see 5 £100 if a member should be totally per- pamphlet). manently disabled through accident. 12. No deduction is made at the maturity 6. £60 if a member should be partially per- of the contract for amounts which may manently disabled thro gh accident. have been received for sickness or 7. An Annuity of £3 per annum on permanent accident compensation. general disablement through accident 13. Memo. — Any enquiries addressed to the 8. An Annuity of £6 per annum on total Trustees, Messrs. Stringer and Bridge, irremediable blindness or permanent 81 Cathedral Square, Christchurch, will general paralysis the result of disease. receive prompt attention. The above benefits are obtained on pay- desire to retain the maturity benefits may ment of £4 18s. yearly; £2 11s. sd. half- sco at a glance what the amount of the reduced yearly : or £1 6s. 4d. quarterly. On the subscription is. yearly basis the contribution is at the rate The term of Membership is for a period of Is. lOjd. per week. of 20 years. In order that the full advantages Proportionately increased benefits are obtain- of the Fund may be obtained it is necessary able by higher subscriptions. that subscriptions for the full 20 years should In assessing the amount of subscription be paid, otherwise some financial loss to the required to provide the various benefits, it member must result. has for various reasons been deemed desirable — ■ to detail m the form of contract the amount NOTE. — Notification of any accident or paid for Sickness and Accident benefits separ- specified sickness should be made within 14 ately, and also the amount paid for maturity days from date of such. No claim can be benefits, so that, if at any time the former, recognised after three months* expiry, unless benefits are discontinued, the members who through exceptional circumstances. LIBERAL NON-FORFEITABLE PRIVILEGES. After the first subscription m the fourth the heavy liability carried will be small, year of membership has been paid, the Member consequently the amount of the fully paid acquires a r>on-forfeitable interest m the Fund up interest cannot be expected to exceed whioh may be applied as follows : — the amount of contributions, but as the 1. For payment of a contribution which duration increases the ratio which the fully it is temporarily inconvenient for the member paid up interest bears to the total contrito pay— a small charge being made for butions will become greater year by year, interest when the contribution is subse- 3. A Member has the privilege of drawing quently paid by the member. m cash tho ascertained cash value of her 2. In obtaining a fully paid up interest fully paid up interest m the Fund (referred m the Fund, the amount of which (interest) to ir No. 2), thus terminating all her further will be received by the Member at tho com- interest m the Fund, but the amount of pletion of the full membership term, origin- such ascertained cash value will necessarily ally selected, namely, 20 years, or which be less than the total contributions paid will be paid as directed should the member for the death or survivance benefits, and die before the time. The amount of such it must be noted m calculating the amount paid up interest will be governed by the of such cash value that no portion of the duration of membership and amount of subscriptions paid for tho Sickness and contributions already paid. It will be ap- Accident benefits can be taken into account, parent that during the early stage of the as the whole of these are absorbed into member's connection with the Fund the protecting the Member against loss arising proportion of the total contributions to out of either Accident or Sickness.