TEACHERS' SUPERANNUATION.

Taranaki Daily News, Volume XLVII, Issue 81872, 23 October 1906, Page 3

TEACHERS' SUPERANNUATION.

The Teachers Superannuation Ad Amendment Bill provides that the contributors failing to retire within the three month- of the prescribed age (05 and Co) shall cease to be entitled to the benefits of the Superannuation Act. It admits teachers in u-af mutt school- on condition-flie-fore June yA\ >9<>7) • provides fur compulsory contributions to the fund \y permanent teachers in any shcools on the same term- a- at present: public school teacjii"' with prcviou- servi,e re-entering after commencement «■ superannuation -theme must cunti bute: contributors having tor upiv, i -itv or agricultural colleges may remain conH'ibuior-t the -alary on fl.ich the rearing alowance is based , will now jce'nde bnnu- on certifi,a<<"- or for instivetton to pupil tca-/|,,.-s „f pupil- ot Oi-tric: high -ihooi-. or tor work in \ nni"cti.n with indu-tnal Ca-ses. The regulations a* to contributor- when pay i, stopped are extended to ab-encc "ti leave winiimt pa'y and unavoidable temporary absence; contributors re--iiinir unfit with -»er fifteen year, -•rvice mat receive eithe, the allowance of the retiring age with a nontmvm -if /5- IK" " nnum ~' r . ""f"--m .. m b,rs. or -ml. -urn a« he Board cj-t-rmin-s provided i'- value at the tmieot r-.ir-m.-ni a. 4 per mit. do'.'s no, exceed ,U- .'"-"nr vao.e of Lie total allowance under the regulations; ,;■ ;h- la'ter case h- -hall o-e entitled o'u reaching t'-.e retiring age io re- ,,• ve ihe baiar.re of his contributions v.'-houi in-erc-t. A contributor's v. -low rcc-ives &S a year, and ~„'...r the amount »■ In c-ntribut.o..s ..r the annuitv which such contiibut on- mav vield. A retired contributor returning to service -hall not receive altogether d j-reater sum yearly rl.an the amount of ll's -alary on ic'iring- _______