H. 26a

6

APPENDIX. TABLE I. The Benefits and Contributions provided cor by the Act. [ The contributions vary according to the age at the time when the first contribution I becomes payable, and are as follows :— | Age 30 and under .. .. . . . . 5 per cent, of pay. Over 30 and not exceeding 35 . . 6 ~ I „ 35 „ 40 7 I „ 10 „ 45 8 |I; 45 „ 50 .. .. ..9 I „ 50 10 'I. On Attainment of Pension. Males at Age 65, or after Forty Years' Service ; Females at Age 55, or after Thirty 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 total contributions. (Note. —The Minister in charge of a Department may retire contributors on pension in the following cases : — (a.) Where the age of a male contributor is not less than 60, or of a female contributor not less than 50. (b.) Where the age of a male contributor is not less than 55, if his length of service is not less than thirty years, (c.) Where the length of service of a male contributor is not less than thirtyfive years. In any such exceptional cases the Minister may impose upon the retiring contributor such terms and conditions as to payments into the Fund or otherwise as he thinks fit.) 11. On retirement before Pension Age (on the Grounds of being medically unit for Future Duty). (1.) At any time, on the certificate of two doctors approved by the Board, a pension . of one-sixtieth of yearly salary for each year's service, limited to forty-sixtieths. bene ts .. -< jQ r option, in lieu thereof, of a return of total contributions. (Where officers of the Police Force are incapacitated by injuries rsceived on. duty the Board may increase the pension up to three-fifths of salary.) 111. On Retirement before Pension Age (on other Grounds than Medical Unfitness). (1.) On voluntary retirement or dismissal for misconduct, a return, of total contributions. (2.) On compulsory retirement for any reason other than misconduct, after twenty years' service,-a return of total contributions with. 3J per cent, compound interest. 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 sums received from the Fund during lifetime. (2.) Leaving a widow :■ — (a.) £18 yearly during widowhood, or (b.) A. return of total contributions, together with such, compensation (if any) as the contributor would have been entitled to receive from the Consolidated Fund on compulsory retirement, less any sums received from the Fund during lifetime. (If death occurs before retirement the compensation is paid from the Consolidated Fund : if after retirement, from the Superannuation Fund.) , (3.) Leaving children : ss. weekly to each child until age 14. (Note. —The contributions and pensions are payable monthly, and the pensions are computed on the average salary for the last three years.) *