SERIOUS STATE
1 1 v muN.Z. SUPERANNUATION -FUNDS. (Per Press Association — Copyright.) WELLINGTON, August 4. A serious position into ‘which the {State Superannuation! . Funds have drifted in recant years is causing considerable apprehension, not only in the Government chc.es, but also among •the' members of the Public SerV-ce, who are' contributors either to the Public -Service Superannuation Fund, tlhe Government Railways Fund, or the Teachers’ Fund. --'lt is. understood that a considerable portion of the second part of the National Expenditure Commission’s report, now in the hands of the- Cabinet, Is devoted to a searching inquiry, into the operations of these various funds. ; It is authoritatively stated- -that the whole problem of superannuation will have to be revewed almost immediately the Government if tlhe funds are" to be kept solvent. ' - i
.Legislation will probably be brought '(town next .session to enforce, widespread changes in the conditions attaching to the pensions of the retired public servants.
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Hokitika Guardian, 5 August 1932, Page 5
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155SERIOUS STATE Hokitika Guardian, 5 August 1932, Page 5
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