I).—sa

4

APPENDIX. TABLE I. The Benefit's and Contributions provided fob by the Act. The contributions vary according to the age at the time when the, first contribution becomes payable and are as follows : — For contributors who joined prior to the Ist January, 1908— Age 30 and under . . . . .. . . 3 per cent, of pay. Over 30 and not exceeding 35 .. .. • 4 ~ „ 35 „ 40 .. .. 5 „ 40 „ 45 .. ..6 „ 45 „ 50 .. ..7 ~ , -, , - ~ age 50 . . . . . . 10 ~ ' For contributors who joined the scheme on or after the Ist January, 1908— 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 I „ age 50 .. .. .. ..10 - I, On attaining of Pension Age 65 with Option of retiring at Age, 00 or after Forty Years' Service. (I.) A pension of one-sixtieth of yearly salary for each year's service, with, a limit of forty-sixtieths (two-thirds) of salary. Maximum pension for entrants after 24th December, 1909, £300. (2.) Or the option, in lieu thereof, of a return of contributions, together with any compensation the contributor may be, entitled to under section 76 of the Government Kailways Act, 1887. With, the consent of the Minister a contributor may retire after thirty-five years' service. 11. On Retirement before Pension Age (on the Grounds of being Medically Unfit for Future Duty). (1.) A pension of one-sixtieth of yearly salary for every year of service, limited to forty-sixtieths. In the case of entrants after 24th December, 1909, maximum pension, £300. (2.) Or the option, in lieu thereof, of a return of contributions, together with any compensation the contributor may be entitled to under section 76 of the Government Railways Act, 1887. .benefits . . - jj [ q % Retirement before Pension Age (on other Grounds than Medical Unfitness). (1.) On voluntary retirement or dismissal for any other reason than misconduct, a return of contributions, together with any compensation the contributor may be entitled to under section 76 of the Government Railways Act, 1.887. (2.) On dismissal for misconduct, return of contributions. IV. At Death, before, becoming entitled lo a Retiring-allowance. (I.) Leaving no widow or children: A return of contributions, together with any compensation the contributor is entitled to under section 76 of the Government Railways Act, 1887. (2.) Leaving a widow : — (a.) £18 per annum during widowhood, or if she so elects, (6.) A return of such portion of the contributions and of the compensation to which the contributor was entitled as the, Board, having regard to the rights of children, thinks fit. (3.) Leaving children : ss. weekly to each child until age 14. V. At Death, after becoming entitled to a Pension. Return of the contributions and compensation (if any) less any sums received Jrom the Fund. Pensions arc payable by monthly instalments, and are computed on the, final salary, unless the contributor has during the previous five years served in any inferior grade to that held at the time of retirement, in which case the average salary for the last seven years is taken.