TEACHERS’ SUPERANNUATION.
(Special to Times). WELIANOTO.N, last night. The first report of the Board constituted under this Act for a period oi fifteen months the number Who have entered as original members is 2,720. Of these 127 have left the service since tho passing of the Act and 219 persons have joined the service and have become contributors-to the fund by compulsion or by option. Tho report states that there appears to be no means of enforcing compliance with the provisions of the Act ; that every male contributor on i attaining the age of sixty shall retire from the service. There are eleven men and two women who have attained, the statutory age of retirement still in the service. Tlie balance to the credit of the fund is £34*733. Of this sum £21,000 has been invested on mortgage at 44 and 5 per cent.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/GIST19070712.2.18
Bibliographic details
Ngā taipitopito pukapuka
Gisborne Times, Volume XXV, Issue 2130, 12 July 1907, Page 2
Word count
Tapeke kupu
144TEACHERS’ SUPERANNUATION. Gisborne Times, Volume XXV, Issue 2130, 12 July 1907, Page 2
Using this item
Te whakamahi i tēnei tūemi
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in