SUPERANNUATION SERVICES

Taranaki Daily News, Volume LIII, Issue 120, 30 August 1910, Page 5

SUPERANNUATION SERVICES

| RUNNING AWAY WITH THE I COUNTRY. THE PREMIER'S FIRM ATTITUDE. By Telegraph.—Pree< Wellington, August 29 Replying to a deputation representing the University professors of New Zealand, who are anxious to be allowed to participate in the benefits of the teachers' superannuation fund, the Premier made an important statement. He said that if the Government could see its way to include professors in the scheme it would do so, but the difficulties were much greater than the professors imagined. The position had become such that the Government intended to introduce legislation this session limiting all pensions to a comparatively small amount. The tendency to-day was to let superannuation services run away with the country. The tendency was such that a public servant on retiring would be provided with a'salary, not a pension. The result was that the Government had to face the position of seeing the whole superannuation scheme break down. To avoid this the Government would, have •to supplement the fund from one or two sources:—(l) To ask future entrants to pay much higher rates, or (2) by much heavier Government contributions. (, We are not prepared to do that," he said emphatically. The Government could not accept the responsibility of creating a separate fund in connection with Canterbury College. Cabinet had already considered the matter, but would consider it again. the professors were prepared to make a the professors were prepared to take a contribution for back pay. The deputation said it was prepared to consider such a proposal.