What R.H.A. Model Pension Scheme Will Cost
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FIGURES for the cost of the new model pension scheme evolved for I use by members of the Road Haulage Association have now been released. The Association expect that it will be generally adopted and the insurance company, acting on that belief, have given several important concessions. It is confined to members of the R.H.A.
Employees are afforded a pension of £3, a year for each year of future service with the member. Forty years' service would yield a pension of 112.0 2 year. To secure this the employee pays 3s. a week. irrespective of age.
.[he employer's contribution varies with the age of the worker at the date of entering the scheme. If the employee's age is 25, the operator pays 2s. fid. a week; if it is 35, the contribution is 3s. 10d., and if it is 45 years, the employer pays 5s. 5d.
The death benefit of an employee who dies before he is 65 (the retiring age) is £300, plus the return of the whole of his contributions. The cost falls entirely on the haulier and depends on the worker's age. Sevenpence a week is charged up to the age of 55; Is. 2d. from 56-60, and 2s. 4d. from 61-65.
Additional pension benefit for past service can he secured at the haulier's discretion. It amounts to £1 for each year of past service and the cost depends on the employee's age when the scheme starts. For an employee of 35 the cost would be Id. per week for each £1 a year pension. Thus, if the individual had had 10 years' service, the extra benefit would cost 10d. a week until he retired.
No evidence of health is required, but tho employee must be actively at work w hen the scheme is adopted. An employee who resigns receives his contributions in full and the operator gets hick 90 per cent, of his payments. C'vilian war risks are fully covered by the 'chew..
the worker wanted to retire before he iNas 65 the pension would be reduced and if he remained after that age it would be increased. If he desired, he could take a lower pension that would cover the remaining lifetime of his wife, as well as himself.
'Hie employer can charge his contributions against tax and the employee also gains a tax rebate.
New East Kent Station at Folkestone
ANEW bus and coach station, which is expected to handle approximately 130,000 vehicle departures a year, has been built at Folkestone. Owned and run by the East Kent Road Car Co., Ltd., the station covers 4,000 sq. yd. in I3ouverie Square. It has four covered platforms with 12 loading points, and
there is a two-storey building which houses, in addition to administrative offices. a booking and inquiry office, waiting room. chart room. parcels office, paying-in facilities. staff canteen and a shop.
Twelve East Kent stage services are using the station, and there are express services to London and South Coast resorts as well as tours and excursions to 93 destinations.
Some 2.3m. passengers are expected to use the station each year.
LONG-DISTANCE COMMITTEE?
I-1 A IVIEETINCi is to he held for the
benefit of all long-distance haulage members of the Metropolitan and South Eastern Area of the Road Haulage Association so that consideration may he given to the possible formation of an area long-distance committee.
.Defininc long-distance, the Area Bulletin states: " It would he fair to say that if the journey a lorry makes is more than 70 miles by road and does not permit a lorry and driver to return home in the one working day, then that would be 'long distance
Govt. Anxious to Go Ahead with Roads
WE are anxious to get ahead with the modernization of our road system as quickly as practicable. The present programme is going ahead well and 1 intend to press on with it." Mr. J. A. Boyd-Carpenter, Minister of Transport, made this affirmation at the Conservative Party conference at Bournemouth last week.
The Government are anxious to spend more money on roads as soon as that is possible. Mr. Butler has said that present economic circumstances make it impossible to increase the programme now, and I have-his assurance that the programme will be further increased immediately the national economy permits, provided that it is clear that the physical resources then
available will enable us to get faster,said the Minister.
He was replying to a resolution, which was carried, expressing alarm at the "antiquated road communications which still exist throughout the country," and urging the Govern-II-tent to speed up the planned improvements as a matter of national expediency.
MOTORWAY PLAN PROGRESS QOME of the preliminaries to the con struction of an 11-mile motorway in Lancashire to by-pass Lancaster have now been passed. The Minister of Transport has published a scheme for the building of the road and it is hoped to start work on it in 1957-58.
A scheme was evolved some 25 years ago. Surveys were started in 1944. The -road will eventually form part of the projected Birmingham-Shap motorway.
SEVERN BRIDGE MEETING
LOCAL authorities and industrial 1-• interests are to meet in Cardiff today to discuss further steps to secure the construction of a toll bridge over the River Severn.