H— 26a
TABLE 111. The Contributions and Benefits prescribed by the Act. Contributions. Contributors pay contributions varying with the age at which the first contribution becomes payable, as follows : — Age. Contribution. Under 30 .. .. 5 per cent, of salary. 30 to 34 .. .. 6 ~ 35 to 39 .. .. .. 7 40 to 44 .. .. 8 ~ 45 to 49 .. .. .. 9 50 and over .. .. .. 10 ~ Benefits. I. On Retirement, because of Age or Service: — An annual retiring-allowance of one-sixtieth of the average salary received during the iitial three years of service for each year of service, subject to a maximum of forty-sixtieths. Entrants since 24th December, 1909, are subject to a maximum retiring-allowance of £300 per annum. A contributor may retire — (i) After completion of forty years' service (males), thirty years' service (females). (ii) On attainment of age sixty-five (males), age fifty-five (females). The Minister in charge of a Department may retire a contributor earlier as follows, and may in such cases impose such conditions as to payments into the Fund or otherwise as he thinks fit — (i) After completion of thirty-five years' service (males). (ii) On attainment of age sixty (males), age fifty (females). (iii) After completion of thirty years' service and attainment of age fifty-five (males). In all cases the contributor may elect to accept a refund of contributions in lieu of a retiring-allowance. 11. On Retirement at any Time on the Grounds of being Medically Unfit for Further Duty: — A retiring-allowance calculated as in I or a refund of contributions, at the option of the contributor. 111. On Retirement before becoming entitled to a Retiring-allowance:— (i) Compulsory retirement for any reason other than misconduct after completion of twenty years' service—a refund of contributions with 3| per cent, interest. (ii) Voluntary retirement or dismissal for misconduct—a refund of contributions. IV. On Death while contributing or in Receipt of a Retiring-allowance:— (i) Leaving no widow: A refund of contributions less any benefits paid during the contributor's lifetime, or payable in respect of children. (ii) Leaving a widow: — (a) An annuity of £31 per annum during her widowhood ; or (b) A refund of contributions less any benefits paid during the contributor's lifetime. (iii) Leaving children : 10s. per week to each child until age fourteen.
6
Use your Papers Past website account to correct newspaper text.
By creating and using this account you agree to our terms of use.
Your session has expired.