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1910. NEW ZEALAND.

EDUCATION: TEACHERS' SUPERANNUATION FUND.

Laid before Parliament in pursuance of the Act.

CONTENTS. Page Part 1. Extract from report of Minister .. .. .. .. .. ..1 „ 2. Report of Board, with additional statements to those prescribed by regulations .. 2 Statements prescribed by regulations ~ ~ ~ .. .. ~ 3-10 No. 1. EXTRACT FROM THE THIRTY-THIRD ANNUAL REPORT OF THE MINISTER OF EDUCATION. The Teachers' Superannuation Act, which was passed by Parliament on the 31st October, 1905, and came into force on the Ist January, 1906, was amended by a supplementary Act on the 29th October, 1906. Every person who at the date of the coming into operation of the principal Act was permanently employed for not less than twenty hours a week in the Education service had the option of electing within six months to become a contributor to the fund. Those who so elected became " original members," and, as such, are entitled to special benefits. A person who did not so elect to join the fund at its commencement might, however, be allowed to join it on certain conditions to be imposed by the Superannuation Board. All teachers in public schools and in Native and other schools under the control of the Education Department who were subsequently permanently employed were compelled to become contributors as from date of appointment; persons in tho Education service had the option of becoming contributors. On the 10th October, 1908, the former Acts were repealed by the Public Service Classification and Superannuation Amendment Act, 1908, Part I ; but existing contributors were allowed six months in which to elect to remain subject to the provisions of the former Acts if they so desired. On the 24th December, 1909, this Act was amended, providing among other things for the extension of the time allowed in which to make the election referred to above to the 30th

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