PROVINCE OF BRITISH COLUMBIA Fourteenth Annual Report of the business done in pursuance of the CIVIL SERVICE SUPERANNUATION ACT for the year ended March 31st 1949 VICTORIA, B.C.: Printed by Don MoDiarmid, Printer to the King's Most Excellent Majesty. 1050. To His Honour C. A. Banks, Lieutenant-Governor of the Province of British Columbia. May it please Your Honour : The undersigned respectfully submits the Report of the business done in pursuance' of the " Civil Service Superannuation Act" during the fiscal year 1948-49. G. S. PEARSON, Provincial Secretary. Provincial Secretary's Office, Victoria, B.C. The Honourable G. S. Pearson, Provincial Secretary, Victoria, B.C. Sir,—I have the honour to lay before you the Report of the business done in pursuance of the " Civil Service Superannuation Act " during the fiscal year 1948-49. I have the honour to be, Sir, Your obedient servant, R. A. PENNINGTON, Superannuation Commissioner. SUPERANNUATION REPORT, 1948-49. REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE " CIVIL SERVICE SUPERANNUATION ACT " DURING THE FISCAL YEAR 1948-49. Part I.—Civil Service Superannuation Fund. Sections 4, 7, 8, and 9.—Regular contributions received from employees amounted to $823,807.48. Equal employer contributions were received, consisting $823,121.74 provided by the Minister of Finance, and $685.74 provided by the Inspector of Dykes and Commissioners of the dyking districts. As at March 31st, 1949, there were 6,710 contributors to the Fund. Section 11.—Special voluntary contributions received from employees amounted to $145,979.96. As at March 31st, 1949, there were 1,186 employees making special voluntary contributions. Section IS.—As at March 31st, 1949, deposits with the Treasury at credit of the Civil Service Superannuation Fund amounted to $21,140,210.73. Section 14-—Interest in the amount of $952,721.84 was received from the Minister of Finance, calculated at the rate of 5 per cent, per annum, based on the credit balances in the Fund on April 1st, 1948, and October 1st, 1948, and credited as at September 30th, 1948, and March 31st, 1949, respectively. Section 15. — (1) (a) A net total of $173,398.67 was transferred from the Employer's Account to the Special Reserve Account pursuant to various sections of the Act. (1) (6) A total of $268,650.41 was received from the Minister of Finance for credit of the Special Reserve Account, being 2 per cent, of the pay-roll of contributing employees. Prior service pension payments chargeable to the Special Reserve Account amounted to $98,170.83. Section 16.—Former employees who were reinstated in the service of the Government made payments toward the reinstatement of their superannuation accounts amounting to $5,619.98. Section 17.—A statement of all moneys received and paid out under the provisions of this Act and the assets and liabilities appertaining to the granting of superannuation allowances under its provisions is given in the statement of revenue and expenditure and the balance-sheet appended hereto. Section 18.— (1) Superannuation allowances were granted to 118 contributors pursuant to this subsection. For analysis see statements of comparative statistics appended hereto. (6) and (7) Regular contributions received from employees of a Board of School Trustees to whom these subsections apply amounted to $924.55. An equal amount was received from the appropriation provided by " Special Assistance in the Cost of Education Act, Amendment Act, 1946," as a contribution from the employer to the Fund. (8) An amount of $39,642.22 was expended in supplementing pensions pursuant to sections 18 (8), 19 (8), and 21 (2). The Minister of Finance reimbursed the Fund for this amount out of Consolidated Revenue. Section 19.— (2) The Minister of Finance provided an amount of $3,442.11 in accordance with the provisions of this subsection as an employer contribution in V 6 BRITISH COLUMBIA. respect of female contributors whose superannuation classifications have been changed by reason of the reduction of their retirement age under the " Civil Service Act." (8) Refer to section 18 (8) above. Section 21.— (1) Superannuation allowances were granted to dependents of 6 employees who died while in service. (2) Refer to section 18 (8) above. : Section 23.—Refunds totalling $6,686.85 were made to the widow or estate in the case of 12 contributors who died while in service. Section 24.—Refunds totalling $160,354.15 were made to 628 contributors who left the service of the Government. An amount of $17,093.98 was transferred to the contributors' credit in Employees' Suspense Account in respect of 26 former employees who were out of the service of the Government for more than three years. Section 36.—No retentions made under this section. Part II.—Retirement Fund. Section 42.—Regular contributions received from employees amounted to $324,- 314.01. The Minister of Finance provided an equal amount as a contribution from the employer to the Fund. Special voluntary contributions received from employees amounted to $396.54. As at March 31st, 1949, there were 2,117 contributors to the Fund. Section 43.—Interest in the amount of $22,736 was received from the Minister of Finance, calculated at the rate of 5 per cent, per annum, in the same manner as under Part I of the Act. Section 46.— (2) Superannuation allowances were granted to 16 contributors pursuant to this subsection. For analysis see statements of comparative satisfies appended hereto. (3) An amount of $3,432.40 was expended to supplement pension payments granted in accordance with Schedule C of the Act. The Minister of Finance reimbursed the Fund for this amount out of Consolidated Revenue. Section 48.— (1) Refunds totalling $24,641.01 were made to 330 contributors who left the service of the Government. R. A. PENNINGTON, Superannuation Commissioner. CIVIL SERVICE SUPERANNUATION REPORT, 1948-49. V 7 PART I.—CIVIL SERVICE SUPERANNUATION FUND. Statement of Revenue and Expenditure for the Fiscal Year ended March 31st, 1949. Revenue. Deposits with Treasury, April 1st, 1948 $18,906,338.15 Contributions as per requirements of the Act— Employees— Sections 7 and 8 $877,844.89 Add transfers from Retirement Fund (Part II) 10,364.67 $888,209.56 Less transfers to Retirement Fund (Part II) 64,402.08 $823,807.48 Section 16 5,619.98 Section 18 (6) 924.55 Section 11, voluntary $146,097.68 Less transfers to Retirement Fund (Part II) 117.72 Employer— Section 4 (2) $685.74 Section 4 (5) 1,076.75 Section 9 822,044.99 145,979.96 $976,331.97 $823,807.48 Section 15 (1) (6), Special Reserve 268,650.41 Section 18 (7) 924.55 Section 19 (2) 3,442.11 1,096,824.55 Provided out of Consolidated Revenue pursuant to sections 18 (9), 19 (9), and 21 (2) as per contra 39,642.22 Interest received from Minister of Finance pursuant to section 14 952,721.84 3,065,520.58 $21,971,858.73 Expenditure. Less amount refunded 695.25 Superannuation allowances— Prior service pensions $98,866.08 Contributory pensions $523,456.42 Less amount refunded 1,845.77 $98,170.83 521,610.65 Provided out of Consolidated Revenue pursuant to sections 18 (8), 19 (8), and 21 (2) as per contra 39,642.22 Refunds— Section 23 $6,686.85 Section 24 160,354.15 Sundry 5,183.30 172,224.30 $831,648.00 Balance, deposits with Treasury, March 31st, 1949 21,140,210.73 $21,971,858.73 V 8 BRITISH COLUMBIA. PART I.—CIVIL SERVICE SUPERANNUATION FUND. Balance-sheet as at March 31st, 1949. Assets. Deposits with Treasury $21,140,210.73 $21,140,210.73 Liabilities. Contributory Pensions Account, being amount available for payment of current pensions (contributory portion only) $5,496,620.68 Special Reserve Account, for prior service pensions 2,879,835.47 Balance at credit of contributory accounts— Employees' compulsory contributions $6,131,727.63 Employees' voluntary contributions 472,905.65 $6,604,633.28 Employer contributions 6,131,727.63 12,736,360.91 Employees' Suspense Account, unclaimed moneys at credit of former employees' accounts, as per Schedule No. 1 27,393.67 $21,140,210.73 Present value of superannuation allowances as at March 31st, 1949:— Contributory pensions $5,250,391.00 Prior service pensions 808,542.00 $6,058,933.00 CIVIL SERVICE SUPERANNUATION REPORT, 1948-49. V 9 r/i H W >H o rJ Oh § w H z w s 55 as U > O 0 < PQ Q a z p P h-i o [3fa U z o s 1—! H EH s < m P £ 05 !< CJ! <! rH M H w Ph 01 rH CO P CO a OS u rH a r> K H W r/) rfa OI faH tH > „ 1 1 rH u C/J 1 J OJ EH Ph II os a CO kj |I n q ca ■h " 3 rH O S Sts b 5 S *-S qj caW.S Q ft g 8 < lOrHC^CT-fc-C»urjOliO^OcMCD©0© OOC5ClC-rHCOOOi-HCOt-030iH^l"lOt- NN**NOQ0N00l>W',#»Wm0-03IN (C^t-OHO!OJX®tflCOOlOt-Nffit-li.H<fi fflH^dot3'H^NN«t-©do)Ndi>cod«. t-OSW^rH^OOC>]OTHCO^t-aOt--»OrHCOCD -c|1,l(.t00it-0)C0H!0(NWtCOC0l0HNt-'* HHHHriHHtMlMM t- rH Oi f W rt tp in to r-t Oi CO rH NCXWrHM.t^-O^^M^COOCOlO"*lfli-Ht-0- t^OOlOMMWC-tXrC^WCvllO^^OOOCiOWinO. N100)CDC.MN01Dl>IOfflNNCi;Hl>IX10.H CO rH .S > 5 "H a. a> Pi £ [>3 Oi CO o 00 o CM \n CM © CO 00 CO co 00 CO co t- 00 CO CM Oi ~? CO CM Oi O CM o CM CO fc- o CO CO "«* CD CS a C- 09 CO Oi CO 00 ■~o o o CM CO cs Oi CO CM fc- CI CO CO (M CO o"i lO 00 CO o CO 00 CM ^ CO 00 CO CO m CO CO t- to cc CO CO 05 CD © CO *** oo la to 00 © o to CM 00 to CO to cd t- t- CO 0 CO lG Oi o 00 cs t- N 00 co © ** rH © lO CM in o t- rH CO o NNNNNlNNCOWM COCOCOCOCOCiOOO CO CJ0 00 O L- Oi LO .'. CM 00 CO to CM CO OC ■** LO' CM to © oo LO ;no 00 ^ O CM e CM CO CM CM (JO CN t- N ■* H CC .. tfl H ^ H N wddt-d^dddwooiot-co ■^■^loiooNto^aoOHWt-t- c^eOOCO-^OOCDt-CiOiOOOilfl CD 'J oi N to N M d N n lO CO t-" ■** cOlOCOCOCOOOt>t-COOCM^*lO»0 HHHriHHHHWMMMMM "* © CO CONC»WOlOWCOOit-O^O.COOMCOlOt-CO '"OCOCO^-^lOlOCTiWCOrttCOOOrHtMt-t- lO OO CO CO O OO "■* COCDt— OSOSOOOSm ' !B (D t" N n" io" fj W* CO C-" CO* lO m" t-' V NNKlOtCODCOO.t-C-O.OCl^lOlO Hr^^Hi^r^rHrHi-HCgcOCOMCOCO IO t- Tj CO ■ CD CO IC C- t-* o ©" CO Ph H CQ EH <! H H > H o a 3 5 3 C K So p £ On Ot-Cc.tiOO'* TfONQOirllO-OO iJ-t-MaicJ.HNM'* cOmWN^mcOMUim^lOMiOlKcxiNMNM NOOTCCCCOt-mNoCOrHNM^O,*>*l-"OH _ O.CCCOO[-tOl>oMHNMi>0^'# If.T.t-OjHo.H'" CM* CM* CM* CM" <M* cm" CM cm" CM* CM* CO t- CM CD cq oo CO Oi CD t£ ia to co pj pj in -T -^ ., tp >, -^ ., I I I i I l H i H I H I I i I I I I I I I I I I . HMCO-*iOCOt-C>CCROHNe0^ltjcOI>000. MWNNNMMWNCOMCOMMMCOMCCCO' OiOSCiOiCnOiCiOiOiOiOiOiOiOiOiOiOiCnCiCi IT It a t- oc a. m ■« -* -HH — a cs a OS V 10 BRITISH COLUMBIA. PART I.—CIVIL SERVICE SUPERANNUATION FUND. Comparative Statistics, April 1st, 1945, to March 31st, 1949, subdivided according to Sex of Contributor, British Columbia Government Employees. Number of Contributors. Number of Refunds GRANTED. Allowances. Fiscal Year. "cS 'cl S V Ph 6 IS QJ 08 s OJ fa Number of Allowances granted. Number of Deaths and Expirations. Number of Allowances in Force at End of Year. aj s OJ fa 'a a a) 'cS s CD fa aj 2 s CD fa 1945-46 2,975 35 3,405 3,786 4,273 1,467 | 13 J 1,567 1,902 2,437 137 231 217 216 333 397 354 424 86 179 83 109 3 29 6 15 21 19 23 24 1 4 1 480 640 700 785 47 1946-47 72 1947-48 77 1948-49 L 92 CIVIL SERVICE SUPERANNUATION REPORT, 1948-49. V 11 a <: Ph >H IH >H « a H Q a CQ P CO CJ » o " CO f H Q O i ^ o S CQ § cj g go O Hj d s p i § m J, s c^ o •<* O C7S rH W - CQ fn hh DQ fi Q Z P &H o r—I EH <5 P fc Z < Pi O H > 03 H M > rH m P5 co M W > CJ H « CJ H .3 ■5 . ° Ph H Jz d ^ 3 PH co o H CQ H < EH 03 H > SH 03 HI Oh a o 3 H rH o a w H 8 Eg O fa 1? '3 3InP3lt0S (X a CD t- CN (M CD c5j t- rH t- rH CM j CN r- Si CN 04 ^H 00 M IO rH CM rH CD to 'PaUIP°W CM rH I oo : CO OC' CO CM O rH ! -H CO rH ! co : CO *ajn *uj°r rH : co 10 : co rH : 00 oo w : ** rH CO CD cd cd : CD rH i CM 00 'p93;UBJBriO rH f : 00 eft t- : co ; ^r- cd t- : CO CD •9JJT s^ing rH rH 00 00 rH t- o t- O CM rH O rH CO cc Oi CD rH 00 O i-t t- lO OS CO O OS o CM 3 K X g a a a s K flu X H •g ainpaqos rt -1 rt -1 •payipoK ■M rt CM ■M co CO H rf •ajjrj ^UJOf CM CN CM CM # ins rQ CO rH j -^ <d< -* CO CO CM CM a H H >n lO IO IO •ajil ©[Sing CM N ^f ^ CO rH f H t- CM O CM T-H CO OS a a g 5 I < a a ■H einpaqos CM os to Q t- W CD o O ifl ■? CM en 03 CO CM ■* CM 5J CO •payipoH oc oo CO CD rH ■^ CM O] •ajjrj ;uiof CO T-^ CV Ci 09 m m O rH ! CM | CM •paa:HiB.i«.nj) O rH ! S CM CO eg CM m -0 00 CM 00 CM ■ajiq siSuig 00 CD ■«* CO rH CD CO o ■^ ■«* t- CM as a Z Z g 3 oi CS o t*. '9 a-mpaips CM O- CD CM CM CD Ol l> rH c- os CM rH CM OS CM rH m CM •pagipom m r-i : to j to (M rH J oo ; CO OC t>- rH ! CM j CO CM © rH t rH •ajjT ;uiop co -* : Oi rH j CM ri CM co m ', CO t~* \ CO oo io : -# rH J CO CD •pBa^u-BJBno io t- : o ; rH I CM H t- ; rH : 00 co : CD cd t- : ■* : CO m •ajil ai3ujs 1Q H ■* CO rH t- O rH iH CO 00 H t- o t- O CM rH O rH CO CO Cr CD rH CO O rH f in OS rH Bj CD m 4- c a E a s- ! -IE T ^ in I 1 c a 4-i O Eh H- c a E a 1 E 51 CD 1 p rd a CJ P B -r- c E- ■4- P a i a r i 1 ! CO c c- cTi f g 0 C a £ I \ OS C T r? 00 OS r H- i 0 E d -r> OS OJ P D c Er V 12 BRITISH COLUMBIA. PART I.—CIVIL SERVICE SUPERANNUATION FUND. . Schedule No. 1.—Unclaimed Moneys in the Civil Service Superannuation Fund at Credit of Former Employees' Accounts as at March 31st, 1949. Name. Department. Amount. $940.14 Public Health 2.71 65.48 1,330.25 1,800.10 79.87 78.69 Health 5.97 978.48 818.29 385.78 31.99 4.77 4,742.03 Health 11.34 21.12 6.61 1,445.40 Killer Wm H 614.79 Konechny, Mrs. Marie 8.32 Public Health 13.06 3.38 29.60 166.05 461.99 2,155.40 77.35 2,218.45 29.20 1,255.69 150.76 Police - 1,202.34 6.95 304.55 Raino, Mrs. Margaret Raper G. St. J. Health 7.11 16.00 Forest Service 20.39 84.69 1,347.47 5.04 Public Health 68.75 Health 1.89 2,001.54 Titterington, Mrs. May 128.42 85.62 139.18 Public Health 1,995.38 1.75 Willis Mrs. M. 39.43 4.11 $27,393.67 CIVIL SERVICE SUPERANNUATION REPORT, 1948-49. V 13 PART II—RETIREMENT FUND. Statement of Revenue and Expenditure for the Fiscal Year ended March 31st, 1949. Revenue. Deposits with Treasury, April 1st, 1948 : $283,318.96 Contributions as per requirements of the Act— Employees— Section 42 (1) and (2) $270,276.60 Add transfers from Superannuation Fund (Part I) 64,402.08 $334,678.68 Less transfers to Superannuation Fund (Part I) 10,364.67 $324,314.01 Section 42 (4), voluntary $278.82 Add transfers from Superannuation Fund (Part I) 117.72 396.54 $324,710.55 Employer—Section 42 (3) 324,314.01 Provided out of Consolidated Revenue pursuant to section 46 (3) as per contra 3,432.40 Interest received from Minister of Finance pursuant to section 43 22,736.00 675,192.96 $958,511.92 Expenditure. Superannuation allowances— Contributory pensions $612.80 Less amount refunded 22.23 $590.57 Provided out of Consolidated Revenue pursuant to section 46 (2) (a) as per contra 3,432.40 Refunds— Section 48 (1) $24,641.01 Sundry 86.41 $4,022.97 24,727.42 $28,750.39 Balance, deposits with Treasury, March 31st, 1949 929,761.53 $958,511.92 V 14 BRITISH COLUMBIA. PART II.—RETIREMENT FUND. Balance-sheet as at March 31st, 1949. Assets. Deposits with Treasury $929,761.53 $929,761.53 Liabilities. Contributory Pensions Account, being amount available for payment of current pensions (contributory portion only) $10,124.37 Special Reserve Account 28,913.38 Balance at credit of contributory accounts— Employees' compulsory contributions $445,160.64 Employees' voluntary contributions 402.50 $445,563.14 Employer contributions 445,160.64 890,723.78 $929,761.53 Present value of contributory portion of superannuation allowances as at March 31st, 1949, $11,558.53. CIVIL SERVICE SUPERANNUATION REPORT, 1948-49. V 15 . a •I-. -p t- CO rfl CJT) H <N C rH rt « rH^ nd (3 CQ p._QJ CO'rH -H ft 03 M CUM Eh d rH O CO -SSJ t- t^ CN OS ? *tf CO t- ->! 13 CS ■* co OS 0 CO n '3 0) CO <* M 05 5 fi rH ■4 o rJ 3 O „ s CM t- OS H <i ■3 t- m CM CO J i •rJ O in iH CO ^ 3 fi CM OS CO e/3- W CJ B3 «C U p a C- CD p H 3 h t? ■■# rH <N CO H as HH a 3 P (N ■** to r5 rt 03 CO (M OS b rH l> l> "* H H o © ■ 6 co" tjT 00 a 3 <! «3- cm CM ©9- ETIRE , May u 9 -a £ rH O OS CO CO P? S r5 1 Eh rH 2 , -^ ^P 1-H CH, H EH O cd US CD CS CO LO CO OS CO P3 «2 aj : cs- 69- < H CJ r» Ph P> " 00 rH OS rH ft <# o H a in < w C- T-f 00 03 Ph o 3 QJ Ph O CO of ■*" "Cf CM rH CO CO CO" CO ~ s ea €«■ o u p S £-. U rn O J-^ r5 EH QJ CO -tf c^ & t^ CN OS 5 s o fi QJ i fi rfi o W ■*# CO OS ■«* w co" CO efl- 5 Sh QJ CO r-H OS j> ■up o -tf O rH fi W QJ t- rH O CO N -* ■^ CM rH CO &<3- in 00 CO co" CD rH , CO S cj K co p in t-4 t-h" CM SOj ! en' i ca C rH 00 OS -g 77 h ft!* t- CO OS OS rH i—1 V 16 BRITISH COLUMBIA. PART II.—RETIREMENT FUND. Comparative Statistics, May 1st, 1947, to March 31st, 1949, subdivided according to sex of contributor. Allowances. Fiscal Year. Number of Contributors. Number op Refunds GRANTED. Number of Allowances granted. Number of Deaths and Expirations. Number of Allowances in Force at End of Year. Male. Female. Male. Female. Male. Female. Male. Female. Male. Female. 1947-48 1948-49 1,563 2,100 12 17 87 322 4 8 7 16 7 23 PART II.—RETIREMENT FUND. Comparative Statistics, May 1st, 1947, to March 31st, 1949—Allowances granted and in force, subdivided by plan of allowance. Fiscal Year. In Force at Beginning of Year. Granted during Year, Schedule C. Expired during Year. In Force at End of Year, Schedule C. 1947-48 7 7 16 1948-49 VICTORIA, B.C. : Printed by Don McDiabmid, Printer to the King's Most Excellent Majesty. 1950. 395-1249-5742
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PROVINCE OF BRITISH COLUMBIA Fourteenth Annual Report of the business done in pursuance of the CIVIL… British Columbia. Legislative Assembly [1950]
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Title | PROVINCE OF BRITISH COLUMBIA Fourteenth Annual Report of the business done in pursuance of the CIVIL SERVICE SUPERANNUATION ACT for the year ended March 31st 1949 |
Alternate Title | CIVIL SERVICE SUPERANNUATION REPORT, 1948-49. |
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British Columbia. Legislative Assembly |
Publisher | Victoria, BC : Government Printer |
Date Issued | [1950] |
Genre |
Legislative proceedings |
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Text |
FileFormat | application/pdf |
Language | English |
Identifier | J110.L5 S7 1950_V02_04_V1_V16 |
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Sessional Papers of the Province of British Columbia |
Source | Original Format: Legislative Assembly of British Columbia. Library. Sessional Papers of the Province of British Columbia |
Date Available | 2017 |
Provider | Vancouver : University of British Columbia Library |
Rights | Images provided for research and reference use only. For permission to publish, copy or otherwise distribute these images please contact the Legislative Library of British Columbia |
CatalogueRecord | http://resolve.library.ubc.ca/cgi-bin/catsearch?bid=1198198 |
DOI | 10.14288/1.0340875 |
AggregatedSourceRepository | CONTENTdm |
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