Superannuation
p. 46 · Read in the full issue
Papua and New Guinea
AT the conference of Pacific Territorial Administrators at Canberra in March, it was decided on the question of public service superannuation, that Common wealth experts and actuaries should draw up the most attractive common scheme of superannuation for Papua and New Guinea possible, with a contribution of 5 per cent, of salaries.
In this common scheme provision will be made for widows and children. Papuan officers who joined the service before 1925 probably will be allowed to choose either to remain under the present scheme, or to transfer to the new one. Those who joined since 1925 will probably be required to come under the new scheme.
The new scheme is likly to provide that each Administration shall appropriate a sum annually to assist the fund. The sum may be the same as the amount of officers’ contributions.
When the new scheme is drawn up, it will be submitted to the Territories for consideration.