SUPERANNUATION

Hokitika Guardian, 22 November 1933, Page 3

SUPERANNUATION

MINISTER' VOICES CONFIDENCE

OF SATISFACTORY ..SETTLEMENT,

(Per Press Association Copyrifjht.)

WELLINGTON, November 21

Confidence that the question, of superannuation will be settled to the satisfaction of all concerned, expressed by the Hen. J. A. Young, when open-ing-’the Annual conference of’the executive 'council of the Public Service Association. • He said it was a matter of honour and principle to see that the con ract was carried out as fully and faithfully as possible. He reminded the conference that it was necessary at all times to try and see thg, other point of view, and endeavour to reach a compromise. Ho felt sure they would need to have nO 'fe’-r for the future, and that things would 'be all right.

Speaking - afterwards, the president (Mr Burgees), said they wanted the Government to recognise, so fa 1 ’ as public servants were concerned, that.there was a .definite -contract in regard to super-/animation';-'-As"“far" as the- Association was con-cerlged-j. the important point to bear in mind was thfit the funds must be -conserved on a stable basis, -and if by making any concessions, they could achieve that object, he thought it. would be an eminently desirable thing if they coukl .-.get .the Government to a point where', it .would agree, uot .-necesr Aarilv to ‘'pay,.-in back subscriptions it Should Have, paid during the past few 'years, buti to give -them isoffie tangible assurance that the interest these funds would ha v e earned would’ be paid, and ■that in future it would pay i l s rescascmable chare of what it was liable for.