THE RAILWAYMEM.

Hokitika Guardian, 22 May 1924, Page 4

THE RAILWAYMEM.

I'd”' C'i'A.l;. VIEW t>F SUPER WXI'A'I'IGX. hy re.i.ucii ten- -•eituss .tssx., i oeviticliT. V.' ELM X (IT; )N. May 21. A “Time •” tepre-entaii.-e vidiuii: led I i lie- Railway I.’court amut io-dav. the rep lie ! -.latet.icnt iiv air 11. E. Ilidlaud. A 5.1'.. at \Yi-t • nu. viz.: - That the railway an s ';u"i-i n iie.at inn was in ree.'ily an in uram-e Innd nrovision whieh v.-'-r.- fin.-sity paid in by the workers ■aom-erimil. and to depiiv men of the benefit ranri-sei'.i s ineillods that mi insurance clime, v. h- ther mutual or p.i-ivately-owned. would liiinic of adojiting.

“Sttpcrannuatiini is not iho same as ordinary insurance at all.” he was infnrmed. Tlie superannuation fund was established by ilte Government, and :s -libadiseil and guaranteed by the Government. and enioloyees ol the Railway Department join the fund under definite condition' dial are laid down bv the Government Railway Act, and contribute to the fund, .st; long as they aw in tlie serve i . It is only an insurance for them. being limited to nrn employed in i;:e Department, and ii they determine lo sever their connection with the Department, or are dismissed, they are entitle! in receive bark what they have handed into the fund ; while, if they continue with the Department until they receive superannuation limit, they receive their pension front the fund. If any men were dismissed. or j lost their superannuation rights, the A.S.K.S. hereafter joining the Alliance of Labour, or any other outside Labour organisation, they would, it was stated. be entitled to, and would be paid back, tbo amount they had paid into the fund.