SUPERANNUATION

Hokitika Guardian, 19 June 1931, Page 8

SUPERANNUATION

POSITION OF UNIVERSITY 1 : INSTRUCTORS. AUCKLAND, June 16. Consideration l>y the Minister of :Education of the extent of the annuities allowed by the Government on i contributions to the Teachers’ Superani nuation Fund is being asked by the .Council of the Auckland University j College. 1 While the Government sets £3OO as : the maximum annuity received by a ! superannuated teacher, it requires from ia number of University instructors eonItri buttons creating interest which jusI tifies annuities considerably iii excess iof the maximum provided under the i scheme. | The 'Registrar (Mr O’Shea) expressed j the opinion that the detrimental effect lon the quality of candidates seeking j teaching appointments at the Unjver- ; sity, brought about by the Government’s limitations, could not be disputed, In the case of a professor on a '•alary of £750 ris : ng to £IOOO, and paying 6 per cent, from the age of 30. the estimated net gain to the fund was £2583. The amount filched from a list ••>!’ professors is a little under £IOOO. he said. ‘-'The situaDoh is so deplorable that much stronger terms are applicable.” IV. chairman (S.fr G orge Fowlds) declared it was' a shocking position when £23>3 could be taken from one man.