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Wednesday, 15 March 1961

Mr REYNOLDS (BARTON, NEW SOUTH WALES) - Is the Treasurer aware that grave dissatisfaction is felt by many retired Commonwealth public servants who, over a considerable period have been denied increases in their frugal superannuation benefits? Does he realize that their frustration is intensified by the knowledge that the present credit balance of the Commonwealth Superannuation Fund, to which they all have contributed, is at least £71,000,000, and that its profits are increasing annually? Does the Treasurer realize also that although many of these retired public servants are able to supplement their paltry superannuation payments with part age pensions, they are denied the benefit of the pensioner medical scheme. As little or no new call would be made on the Commonwealth's Budget revenue, will the Government immediately increase the superannuation benefits of its retired servants?

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