SUPERANNUATION SCHEME.

Manawatu Standard, Volume LVIII, Issue 42, 18 January 1938, Page 9

SUPERANNUATION SCHEME.

CABINET CONSIDERATION. “NO ONE WILL LOSE.” Per Press Association. WELLINGTON, Jan. 17. “We have been discussing not so much incidental details hut principles such as what the thing would cost,” said the Prime Minister (Rt. Hon. M. J. Savage), in an interview this evening following a meeting of Cabinet at which further consideration was given to the Government’s proposed national superannuation legislation. “The first thing we have to do is to get a clear vision of what we want done and what the country is capable of carrying,” the Prime Minister continued. “We can get all the detailed information we want, but the onus is on us of saying that the sum to be paid is not going to be less than so and so.

“They will have to use bigger ammunitiion than that,” Mr Savage said when referring to the criticism of the New Zealand Government’s proposals based on the report to the Australian Government by the English authority, Sir Walter Ivinnear. Mr Hnvage reiterated that none of the superannuation schemes in existence, at present will ho affected at all by the national scheme except with the consent of those concerned. “Our job,” he said, “is to cover those for whom there is now no provision- We are not going to inflict anything upon those who have provision for themselves. No doubt the law will make 'it possible for them to join the national scheme in future 1. they wish to. No one will lose anything that they have now. Our ]ob is not to pull anyone down, but to lift others up.” . Cabinet met both m the morning and afternoon to-day, Mr Savage said it would probably meet again on Wednesday.