H.—s

4

APPENDIX.—THE BENEFITS AND CONTRIBUTIONS PROVIDED FOR BY THE ACT. Contributions. The contributions vary according to the age at the time when the first contribution becomes payable, and are as follows : — Age 30 and under . . . . .. .. .. 5 per cent, of pay. Over 30 and not exceeding 35 . . . . . . . . 6 ~ „ 35 „ 40 .. .. ..7 „ 40 „ 45 ..8 „ 45 „ 50 .. .. ..9 „ 50 .. .. .. ~ .. ..10 Benefits. I, On attainment of pension: Males at age 65 or after contributing for forty years ; females at age 55 or after contributing for thirty years : — (1.) A pension of one-sixtieth of yearly salary for each year's contribution, with a limit of forty-sixtieths (two-thirds) of salary. Maximum pension, £300. (2.) Or the option, in lieu thereof, of a return of total contributions. (Note : The local authority may in any particular case retire on a pension a male contributor whose age is not less than 60, or a female whose age is not less than 50.) IJ. On retirement before pension age, on the grounds of being medically unfit for future duty : (1.) At any time, on the certificate of two doctors approved by the local authority, a pension of one-sixtieth of yearly salary for each year's contribution, limited to forty-sixtieths, and not to exceed £300. (2.) Or the option, in lieu thereof, of a return of total contributions. ill. On retirement before pension age, on other grounds than medical unfitness :— On voluntary retirement or dismissal, a return of total contributions. IV. At death, whether before or after becoming entitled to a retiring-allowance : — (1.) Leaving no widow or children : A return of total contributions, less any sum received from the fund during lifetime. (2.) Leaving a widow : — (a.) £18 yearly during widowhood ; or (b.) A return of total contributions paid by the deceased, less any sums received by him from the fund during his lifetime. (3.) Leaving children : ss. weekly to each child till age 14. Note.—The pensions are payable monthly, and are computed on the average salary for the last three years.

Approximate Cost of Paper. —Preparation, not given ; printing (050 copies), £3.

Authority : Marcus F. Marks, Government Printer, Wellington.—1918.

Prite, 3d.]