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PROVINCE OF BRITISH COLUMBIA Sixteenth Annual Report of the business done in pursuance of the CIVIL SERVICE… British Columbia. Legislative Assembly 1952

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Full Text

 PROVINCE OF BRITISH COLUMBIA
Sixteenth Annual Report
of the business done in pursuance of the
CIVIL SERVICE
SUPERANNUATION ACT
for the year ended March 31st
1951
VICTORIA, B.C.
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
1952  To His Honour Clarence Wallace, C.B.E.,
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 1950-51.
WM. T. STRAITH,
Provincial Secretary.
Provincial Secretary's Office,
Victoria, B.C., January 15th, 1952. The Honourable W. T. Straith,
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 1950-51.
I have the honour to be,
Sir,
Your obedient servant,
R. A. PENNINGTON,
Superannuation Commissioner.
January 14th, 1952. SUPERANNUATION REPORT, 1950-51
REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE "CIVIL SERVICE
SUPERANNUATION ACT" DURING THE FISCAL YEAR 1950-51
Part I.—Civil Service Superannuation Fund
Sections 4, 7, 8, and 9.—Regular contributions received from employees amounted
to $1,006,300.69. Equal employer contributions were received, consisting of
$1,005,526.97 provided by the Minister of Finance and $773.72 provided by the
Inspector of Dykes and Commissioners of the dyking districts. As at March 31st, 1951,
there were 7,448 contributors to the Fund.
Section 11.—Special voluntary contributions received from employees amounted to
$188,600.16. As at March 31st, 1951, there were 1,410 employees making special
voluntary contributions.
Section 13.—As at March 31st, 1951, deposits with the Treasury at credit of the
Civil Service Superannuation Fund amounted to $24,201,111.12.
Section 14.—Interest in the amount of $1,180,574.67 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, 1950, and October 1st, 1950, and credited as at
September 30th, 1950, and March 31st, 1951, respectively.
Section 15.—(1) (a) A net total of $279,551.46 was transferred from the
Employer's Account to the Special Reserve Account pursuant to various sections of
the Act.
Prior-service pension payments chargeable to the Special Reserve Account amounted
to $98,918.24.
Section 16.—Former employees who were reinstated in the service of the Government made payments toward the reinstatement of their superannuation accounts
amounting to $7,187.60.
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 74 contributors
pursuant to this subsection. For analysis see statements of comparative statistics
appended hereto.
(5) Pursuant to this subsection, a total of $20,334.85, consisting of $10,167.41
from employee's contributory account and $10,167.44 from the employer's contributory
account, was transferred to the Dominion Civil Service Superannuation Fund in respect
of 5 former contributors who entered the service of the Dominion Civil Service.
Pursuant to agreement entered into between the Governments of the Dominion of
Canada and the Province of British Columbia, as authorized by the " Police and Prisons
Regulation Act Amendment Act, 1950," and in accordance with this subsection, a total
of $1,586,281.09, consisting of $788,237.73 from employee's contributory account and
$798,043.36 from the employer's contributory account, was transferred to the Royal
Canadian Mounted Police Pension Account in respect of 412 former members of the
British Columbia Provincial Police who transferred to the Royal Canadian Mounted
Police, effective August 15th, 1950. W 6 BRITISH COLUMBIA
(6) and (7) Regular contributions received from employees of a Board of School
Trustees to whom these subsections apply amounted to $1,670.90. 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 $48,083.70 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 $1,167.05 in
accordance with the provisions of this subsection, as an employer contribution in 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 5
employees who died while in service.
(2) Refer to section 18 (8) above.
Section 23.—Refunds totalling $49,097.28 were made to the widow or estate in the
case of 31 contributors who died while in service.
Section 24.—Refunds totalling $352,582.74 were made to 1,098 contributors who
left the service of the Government. An amount of $16,397.44 was transferred to the
contributors' credit in Employees' Suspense Account in respect of 20 former employees
who were out of the service of the Government for more than three years.
Section 36.—No retentions were made under this section.
Part II.—Retirement Fund
Section 42.—Regular contributions received from employees amount to $355,992.68.
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
$3,605.08.   As at March 31st, 1951, there were 2,379 contributors to the Fund.
Section 43.—Interest in the amount of $81,951.02 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 26 contributors pursuant to this subsection. For analysis see statements of comparative statistics appended
hereto.
(3) An amount of $14,537.15 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 $129,334.85 were made to 603 contributors
who left the service of the Government.
R. A. PENNINGTON,
Superannuation Commissioner. CIVIL SERVICE SUPERANNUATION REPORT W 7
PART I.—CIVIL SERVICE SUPERANNUATION FUND
Statement of Revenue and Expenditure for the Fiscal Year Ended
March 31st, 1951
Revenue
Deposits with Treasury, April 1st, 1950 -  $23,447,081.03
Contributions as per requirements of the Act—
Employees—
Sections 7 and 8    $1,004,050.77
Add   transfers   from   Retirement   Fund
(Part II)   16,803.65
$1,020,854.42
Less transfers to Retirement Fund (Part
II)   14,553.73
$1,006,300.69
Section 16  7,187.60
Section 18 (6)   1,670.90
Section 11, voluntary  $188,903.83
Add transfers  from  Retirement Fund (Part II)...... 97.90
$189,001.73
Less transfers to Retirement
Fund (Part II)  401.57
188,600.16
Employer—
Section 4(2)  $773.72
Section 9  1,001,315.20
Section 10 (2)  4,211.77
51,203,759.35
$1,006,300.69
Section 18 (7)  1,670.90
Section 19 (2)  1,167.05
1,009,138.64
Provided out of Consolidated Revenue pursuant to sections 18 (9),
19 (9), and 21 (2) as per contra  48,083.70
Interest received from Minister of Finance pursuant to section 14     1,180,574.67
Provided out of Consolidated Revenue pursuant to Orders in Council
Nos. 2560 and 2644, 1950         114,275.49
3,555,831.85
$27,002,912.88
Contributory pensions      $648,945.51
Less amount refunded  2,464.90
Expenditure
Superannuation allowances—
Prior-service pensions 1        $99,331.04
Less amount refunded .  412.80
$98,918.24
646,480.61
Provided out of Consolidate Revenue pursuant to sections 18 (8),
19 (8), and 21 (2) as per contra         48,083.70
Refunds—
Section 23         $49,097.28
Section 24         352,582.74
Sundry   23.25
401,703.27
Transfer to Dominion Civil Service Superannuation Fund pursuant to
section 18 (5)  20,334.85
Transfer to Royal Canadian Mounted Police Pension Account in accordance with Agreement entered into between the Governments of
the Dominion of Canada and the Province of British Columbia     1,586,281.09
$2,801,801.76
Balance, deposits with Treasury, March 31st, 1951     24,201,111.12
$27,002,912.88 W 8 BRITISH COLUMBIA
PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Balance-sheet as at March 31st, 1951
Assets
Deposits with Treasury-,    $24,201,111.12
$24,201,111.12
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions (contributory portion only) .     $6,608,676.11
Special Reserve Account, for prior-service pensions       3,474,827.79
Balance at credit of contributory accounts—
Employees' compulsory contributions  $6,673,643.86
Employees' voluntary contributions        752,934.16
$7,426,578.02
Employer contributions ._.. .     6,673,643.86
 14,100,221.88
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 1  17,385.34
$24,201,111.12
Present value of superannuation allowances as at March 31st, 1951: —
Contributory pensions  $6,284,731.00
Prior-service pensions        791,342.00
$7,076,073.00 CIVIL SERVICE SUPERANNUATION REPORT
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PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Comparative Statistics, April 1st, 1945, to March 31st, 1951, Subdivided
According to Sex of Contributor, British Columbia Government Employees
Number of
Contributors
Number of
Refunds
Granted
Allowances
Fiscal Year
Male
Female
Male
Female
Number of
Allowances
Granted
Number of
Deaths and
Expirations
Number of
Allowances
in Force at
End of Year
Male
Female
Male
Female
Male   Female
1945_46
2,975
35
3,405
3,786
4,273
4,742
4,421
1,467 1
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1,567
1,902
2,437
2,885
3,027
137
231
217
216
219
369
333
397
354
424
523
760
86
179
83
109
84
72
3
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6
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5
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21
19
23
24
15
21
1
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1
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480
640
700
785
854
905
47
72
77
92
94
100
Enlisted  	
1946-47 _ 	
1947-48
1948-49...	
1949-50	
1950-51	 CIVIL SERVICE SUPERANNUATION REPORT
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H W  12 BRITISH COLUMBIA
PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Schedule No. 1.—Unclaimed Moneys in the Civil Service Superannuation Fund
at Credit of Former Employees' Accounts as at March 31st, 1951
Name
Department
Amount
Blair, Annie	
Boyd, Robert G	
Bright, Mrs. Rita E.
Carlson, Torie	
Cashato, Oliffe _.
Gourley, Mrs. Mary F.
Christie, Hugh G	
Colley, William H -_
Creasy, Miss P.	
Dodd, John C	
Douglas, R. R.	
(nee Chorlton)..
Dutcher, Mrs. Ursula E..
Ebert, George A	
Fraser, R. B	
Gardner, Mrs. D. E	
Gayton, Dr. J. L	
Greenlaw, K. K 	
Hinds, Edward	
Horwood, A. C _
Johnson, Douglas W	
Konechny, Mrs. Marie .
Listoen, Ruth E	
Martin, Leslie C	
Mercer, Miss A. L.	
Mervyn, William T	
Maclnnes, William H....
McLaughlin, John L	
Perry, Gordon N	
Petto, Emma „ 	
Pottinger, Mrs. Norma.
Raino, Mrs. Margaret —
Raper, G. St. J	
Romanchuk, Victoria ....
Sands, Hugh	
Saxton, Dr. Dorothy	
Scott, Verna 	
Wallis, Edward C	
Westman, Mrs. Nora Myrillia..
Whitehead, T. G. J 	
Williams, E..... 	
Wilson, Constance M	
Total  	
Less debit balance—
Davidson, Mrs. C. U. (nee Corker)..
Public Health...
Social Welfare.
Public Works...
Police 	
Public Utilities.
Forest Service ...
Social Welfare..
Forest Service...
Education 	
Public Works....
Forest Service....
Public Health.....
Forest Service...
Forest Service.—
Public Works....
Public Health ...
Forest Service ...
Public Health ....
Forest Service ...
Public Works ....
Provincial Secretary..
Public Health	
Public Health	
Forest Service 	
Public Works _
Provincial Secretary..
Police 	
Trade and Industry...
Provincial Secretary..
Social Welfare	
Public Health	
Public Works	
Provincial Secretary...
Provincial Secretary-
Public Health	
Public Health	
Provincial Secretary..
Education _.
Agriculture	
Public Works 	
Education 	
Lands..
$2.71
-   5.45
45.54
1,800.10
4,043.68
79.87
942.40
117.48
78.69
978.48
1,636.02
5.97
385.78
21.42
4.77
547.58
35.74
11.34
21.12
12.72
8.32
4.80
13.06
3.38
29.60
2,218.45
29.20
1,653.36
6.95
637.30
7.11
16.00
5.04
755.68
68.75
1.89
85.62
1,009.28
65.50
1.75
4.11
$17,402.01
16.67
$17,385.34 CIVIL SERVICE SUPERANNUATION REPORT W 13
PART II.—RETIREMENT FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 31st, 1951
Revenue
Deposits with Treasury, April 1st, 1950  $1,549,026.05
Contributions as per requirements of the Act—
Employees—
Section 42 (1) and (2)  $358,248.35
Add transfers from Superannuation Fund (Part I)__      14,553.73
$372,802.08
Less transfers to Superannuation Fund (Part I)       16,809.40
$355,992.68
Section 42 (4), voluntary — __ $3,296,66
Add transfers from
Superannuation Fund
(Parti)         401.57
$3,698.23
Less transfers to
Superannuation  Fund
(Part I)   93.15
         3,605.08
  $359,597.76
Employer—Section 42 (3)     355,992.68
Provided out of Consolidated Revenue pursuant to section 46 (3) as per contra »       14,537.15
Interest received from Minister of Finance pursuant to section 43       81,951.02
 812,078.61
"$2,361,104.66
Expenditure
Superannuation allowances—
Contributory pensions       $4,772.95
Less amount refunded  9.92
$4,763.03
Provided out of Consolidated Revenue
pursuant to section 46 (2) (a) as
per contra       14,537.15
 $19,300.18
Refunds—
Section 48 (1)  $129,281.98
Sundry  52.87
     129,334.85
      $148,635.03
Balance, deposits with Treasury, March 31st, 1951     2,212,469.63
$2,361,104.66 W 14 BRITISH COLUMBIA
PART II.—RETIREMENT FUND—Continued
Balance-sheet as at March 31st, 1951
Assets
Deposits with Treasury  $2,212,469.63
$2,212,469.63
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions (contributory portion only)        $60,074.45
Special Reserve Account        219,173.86
Balance at credit of contributory accounts—
Employees' compulsory contributions  $963,166.57
Employees' voluntary contributions         5,925.76
$969,092.33
Employer contributions     963,166.57
     1,932,258.90
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 2  962.42
$2,212,469.63
Present value of contributory portion of superannuation allowances as at March
31st, 1951, $66,055. CIVIL SERVICE SUPERANNUATION REPORT
W 15
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OS  ON
*"• W 16 BRITISH COLUMBIA
PART II.—RETIREMENT FUND—Continued
Comparative Statistics, May 1st, 1947, to March 31st, 1951,
Subdivided According to Sex of Contributor
Allowances
Fiscal Year
Number ol
Contributors
Number of
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	
1,563
2,100
2,346
2,340
12
17
78
39
87
322
350
576
4
8
8
27
7
16
22
26
....
2
1
....
7
23
43
68
1948-49 	
1949-50   	
....
1950-51. _....
Comparative Statistics, May 1st, 1947, to March 31st, 1951—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 	
1948-49....  	
1949-50	
7
23
43
7
16
22
26
2
1
7
23
43
1950-51	
68 CIVIL SERVICE SUPERANNUATION REPORT W  17
PART II.—RETIREMENT FUND—Continued
Schedule No. 2.—Unclaimed Moneys in Retirement Fund at Credit of
Former Employees' Accounts as at March 31st, 1951
Name
Department
Amount
Public Works ,	
$51.30
Beckett, A	
128.55
Public Works
63.85
16.05
Calvert, T. M _	
Forest Service	
40.21
Collins R. H.
13.80
Cook, G  -	
Forest Service.    	
Public Works    	
41.85
12.11
Dahl, Peter                                       	
14.43
Public Works  ._   	
Public Works 	
6.42
37.48
Public Works    _	
Finance	
14.04
Hick, H.
1.61
Holland, G. R.                                         	
10.45
McKay, A. H.                       	
Forest Service....  	
12.52
McKinley, D. A.                              	
7.78
Public Works      ...
14.15
Miller, R.	
Public Works	
Forest Service	
48.45
39.09
Nichols E. C.
100.06
Nygaard, W 	
Public Works ,	
30.55
21.63
9.03
Paulson H P.
27.87
Public Works   	
27.14
Racher M. H.                          	
40.60
69.87
Starkey, S. S..	
Public Works   —	
Public Works	
9.55
11.21
11.59
Wilson G.
22.78
6.40
Total 	
$962.42
VICTORIA, B.C.
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
1952
395-152-2818   

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