2-
The
first
recommendation was not accepted by the
Government because of the effect that it would have
l.c. had on the Provident Funds.
at that time
The total resources of
l.c. the Funds would not have permitted all contributors
to receive worthwhile loans and the loans would have
reduced the capital gains and recurrent earnings of
also
l.c. the two funds. The second recommendation was not
implemented because there was no apparent demand for
it from teachers.
2.
Sir, the Government has never accepted that
fringe benefits in the aided sector should be
The great
identical with those for civil servants.
majority of teachers are in the aided sector and it
does not seem sensible that their benefits should be
governed by those of the small minority who are civil
To do So would be inflexible and
servants.
expensive. At present there is по
teachers and
our
existing
shortage
system is flexible and
of
gives the taxpayer good value for
value for money. If there
were a shortage, the Government would, of course,
have to consider further improving benefits.
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There has however been a major improvement
.c. in the benefits enjoyed by Certificated Masters and c. Mistresses since 1976, when the special commission l.c. reported. The rules of the two statutory Provident
l.c. Funds
for
aided sector teachers were changed in
1980. As a result, they will in future receive much
better retirement benefits.