SUPERANNUATION.

Taranaki Daily News, 31 October 1922, Page 4

SUPERANNUATION.

QUESTION OF EXTENSION. MATTER BEING CONSIDERED. By Telegraph.—Press Association. Wellington, Last Night. Speaking in the House to-night on the third reading of the Finance Bill, Mr. Massey showed that the Government now’ contributed to the superannuation funds out of the consolidated revenue a total of £229,000 annually. That large amount had to 'be found out of revenue, and they all believed in superannuation. Mr. H. Atmore (Nelson): “Where does the outside man come in?” The Prime Minister*. “That is the trouble.” Sir John TAifce (Wellington North): “Make it apply all round.” The Prime Minister said that next year the Government would have to reconsider what it was doing in connection with superannuation. He feferetffpd it was quite impossible to do so this year. It was quite clear that some change would have to be made in the system. Sir John Luke: “Will you go in for a universal system?” The Prime Minister: “It would be better to do that than continue the way we are doing. It would mean a big increase in taxation, but the people would get the money back. We cannot go on placing this enormous burden on the finances of the country. Very useful suggestions have been made, and these I will consider.”