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The Pamphlet Collection of Sir Robert Stout: Volume 77

Superannuation Schemes

Superannuation Schemes.

Teachers are not so favourably treated by the Government under their Superannuation Bills as Civil Servants. Witness the following comparative statements.

To get the benefit of these Acts there has to be paid out of their salaries as

Contributions
By Teachers. By Civil Servants.
Age Age
5% of Salaries up to 30
6% of Salaries from 30 to 35
7% of Salaries from 35 to 40 5 % of salaries up to 40
8% of Salaries from 40 to 45 6% of salaries from 40 to 45
9% of Salaries from 45 to 50 7% of salaries from 45 to 50
10% of Salaries over 50 10% of salaries over 50
page 23
Benefits.
Males shall retire at 65, hut may retire at 60. Males, whose length of service is not less than 40 years, or whose age is not less than 60; and
Females shall retire at 60, but may retire at 50. Females, whose length of service is not less than 30 years, or whose age is not less than 50 may retire.
Will receive 1-60th part of to-tal contributions. Contribu-tions, to secure full benefits, must continue, for males, 40 years: for females, 35 years. Full benefit—annual payment of 1-60th of total salaries. Will receive 1-60th of their an-nual rate of pay, but not to exceed two-thirds of such annual rate.