TEACHERS' SUPERANNUATION.

Rangitikei Advocate and Manawatu Argus, Volume XXXI, Issue 8747, 22 February 1907, Page 2

TEACHERS' SUPERANNUATION.

her Press Association.

Wellington, February 21.

Under the Teachers’ Superannuation Act a new regulation is gazetted relating to allowance to be paid to teachers retiring on account o£ ill-health. Under this regulation the total annual allowance is to bo computed as follows; In case the contributor, although [medically unfit for further duty, is shown by the certificate of two medical practitioners, approved by the Board, to be otherwise in good health, then the present value, of the total annual allowance shall bo deemed to be the present value of the annual allowances at 4 per centum per annum on the basis of Dr Farr’s life table of the healthy districts of England, for males or females, according to the sex of the contributor, or by such other tables as are used from time to time by the actuary in valuing liabilities under the Act. But in all other cases the present value of the total annual allowance shall be deemed, to bo the total amount of his contributions without interest.