NATIONAL ANNUITIES BILL.
The National Annuities Bill of a session or two ago has this year been transformed into the National Provident Fund Bill, which practically covers the same ground as the original Bill. ‘‘This Bill,” says the Law Draughtsman, “embodies the scheme for the establishment of a National Provident Fund, contributors to which are thereby enabled and encouraged to make provision for old age and sickness and for the maintenance of their widows and orphans.” The fund is subsidised and guaranteed by the Government in the same way as the Public Service Superannuation Fund. All persons may become contributors who are resident in New Zealand, and are between 16 and 45 years of age, and whose income does not exceed £2OO a year. Payments are to be made | weekly, and pensions may b.e
gained according to the rate of contribution, varying at the age of 60 from 10s to 40s a week.
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https://paperspast.natlib.govt.nz/newspapers/MH19091028.2.6
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Manawatu Herald, Volume XXXI, Issue 500, 28 October 1909, Page 2
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153NATIONAL ANNUITIES BILL. Manawatu Herald, Volume XXXI, Issue 500, 28 October 1909, Page 2
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