I.—lla.

Comparison of Benefits under the various New Zealand Government Superannuation Schemes.

27

Benefit. Police. Kail ways. Teachers. Civil Service BUI, 1906. Publio Service Superannuatioi Bill, 1907 (as referred to th. Public Accounts Committee). I. Pensions on ordinary retirement at or over pension age. (1.) Retiring-age. Age 60 and not less than 25 years' service (optional). Age 65 (compulsory). Age 60 or after 40 years' service or 35 years with permission of Board (optional). No compulsory age of retirement. Age 60 (optional). Age 65 (compulsory). Same as Railway. Same as Railway. (2.) Amount of pension. of final salary (or average of last 7 years, if raised last 5 years) for each year of service. of final salary (or average of last 7 years if raised last 5 years) for each year of service. n th of average salary for each year of contribution, and for each year of back service. Same as Railway. -faih. of average salary for last three years. (3.) Pension limits. fgths or fths of the final salary (as above). fgths or frds of final salary (as above). £52 minimum pension. tHjths maximum pension. Same as Railway. ) f#ths or frds of average j salary as above. II. Benefits on retirement before pension age. Medically unfit. Under 5 years: Full return of contributions. 5 to 15 years: 1 month for each year's service up to 12. If injured on duty : Board may grant pension up to limit. Over 15 years: The usual pension of The usual pension of Very complicated : Difficult to summarise: v. section 13 of "The Teachers' Superannuation Act, 1905." Same as Railway. The usual pension of computed as above.