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Seventeenth Annual Report of the business done in pursuance of the CIVIL SERVICE SUPERANNUATION ACT for… British Columbia. Legislative Assembly 1953

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 .
PROVINCE OF BRITISH COLUMBIA
Seventeenth Annual Report
of the business done in pursuance of the
CIVIL SERVICE
SUPERANNUATION ACT
for the year ended March 31st
1952
VICTORIA, B.C.
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
1953  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 1951-52.
WESLEY D. BLACK,
Provincial Secretary.
Provincial Secretary's Office,
Victoria, B.C., December 8th, 1952. The Honourable Wesley D. Black,
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 1951-52.
I have the honour to be,
Sir,
Your obedient servant,
R. A. PENNINGTON,
Superannuation Commissioner.
December 5th, 1952. -
■
SUPERANNUATION REPORT, 1951-52
REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE "CIVIL SERVICE
SUPERANNUATION ACT" DURING THE FISCAL YEAR 1951-52
Part I.—Civil Service Superannuation Fund
Sections 4, 7, 8, and 9.—Regular contributions received from employees amounted
to $972, 886.07. Equal employer contributions were received, consisting of $972,816.57
provided by the Minister of Finance and $69.50 provided by the Inspector of Dykes and
Commissioner of the dyking districts. As at March 31st, 1952, there were 7,607 contributors to the Fund.
Section 11.—Special voluntary contributions received from employees amounted to
$203,322.37. As at March 31st, 1952, there were 1,375 employees making special
voluntary contributions.
Section 13.—As at March 31st, 1952, deposits with the Treasury at credit of the
Civil Service Superannuation Fund amounted to $26,343,632.29.
Section 14.—Interest in the amount of $1,213,347.30 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, 1951, and October 1st, 1951, and credited as at September 30th,
1951, and March 31st, 1952, respectively.
Section 15.— (1) (a) A net total of $375,398.21 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 $97,861.70.
Section 16.—Former employees who were reinstated in the service of the Government made payments toward the reinstatement of their superannuation accounts amounting to $12,636.59.
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 69 contributors pursuant to this subsection. For analysis see statements of comparative statistics appended
hereto.
(5) Pursuant to this subsection, a total of $4,819.32, consisting of $2,409.66 from
employee's contributory account and $2,409.66 from the employer's contributory account,
was transferred to the Dominion Civil Service Superannuation Fund in respect of 2 former
contributors who entered the service of the Dominion Civil Service.
Pursuant to this subsection and 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," a total of $27,155.88 was
received from the Royal Canadian Mounted Police Pension Account and credited to
Special Reserve, being return of employer contributions not required for pension purposes
in respect of 28 former members of the British Columbia Provincial Police who were
subsequently discharged after transfer to the Royal Canadian Mounted Police.
(6) and (7) Regular contributions received from employees of a Board of School
Trustees to whom these subsections apply amounted to $1,769.45.   An equal amount S 6 BRITISH COLUMBIA
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 $49,992.24 was expended in supplementing pensions pursuant
to section 18 (8), 21 (2) and 29 (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 $2,332.58 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."
Section 21.—(1) Superannuation allowances were granted to dependents of 7
employees who died while in service.
(2) Refer to section 18 (8) above.
Section 23.—Refunds totalling $37,675.47 were made to the widow or estate in the
case of 20 contributors who died while in service.
Section 24.—(1) Refunds totalling $385,186.33 were made to 1,646 contributors
who left the service of the Government.
(2) Superannuation allowances were granted to 7 employees pursuant to this
subsection.
(3) An amount of $6,793.10 was transferred to the contributors' credit in Employees' Suspense Account in respect of 18 former employees who were out of the service
of the Government for more than three years.
Section 28.—Administration expenses amounting to $31,066.71 were paid from
Special Reserve pursuant to this section and apportioned as follows: Civil Service
Superannuation Fund, $25,181.18, and Retirement Fund, $5,885.53.
Section 29.—(2) The provisions of this subsection utilized to provide funds for
30 small additional allowances granted pursuant to subsections (7), (8), and (9) of
section 19 before said subsections were deleted by the " Civil Service Superannuation
Act Amendment Act, 1951."
Section 36.—A total of $5,941.82 was paid over to the Minister of Finance from
the accounts of 3 former contributors in accordance with the provisions of this section.
Part II.—Retirement Fund
Section 42.—Regular contributions received from employees amount to $331,252.60.
Equal employer contributions were received, consisting of $331,224.04 provided by the
Minister of Finance and $28.56 provided by the Inspector of Dykes and Commissioner of
the dyking districts. Special voluntary contributions received from employees amounted
to $4,034.78.   As at March 31st, 1952, there were 1,952 contributors to the Fund.
Section 43.—Interest in the amount of $110,287.09 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 14 contributors
pursuant to this subsection. For analysis see statements of comparative statistics
appended hereto.
(3) An amount of $16,733.58 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 $197,941.16 were made to 650 contributors
who left the service of the Government.
R. A. PENNINGTON,
Superannuation Commissioner. civil service superannuation REPORT S 7
PART I.—CIVIL SERVICE SUPERANNUATION FUND
Statement of Revenue and Expenditure for the Fiscal Year Ended
March 31st, 1952
Revenue
Deposits with Treasury, April 1st, 1951   $24,201,111.12
Contributions as per requirements of the Act—
Employees—
Sections 7 and 8  $952,153.91
Add transfers from Retirement Fund (Part
II)        29,771.22
$981,925.13
Less transfers to Retirement Fund (Part II)        9,039.06
$972,886.07
Section 16        12,636.59
Section 18 (6)          1,769.45
Section 11, voluntary  $202,387.04
Add transfers from Retirement
Fund (Part II)   935.33
     203,322.37
  $1,190,614.48
Employer—
Section 4 (2)   $69.50
Section 9      972,816.57
$972,886.07
Section 18 (7)          1,769.45
Section 19 (2)          2,332.58
       976,988.10
Provided out of Consolidated Revenue pursuant to sections 18 (9),
21 (2), and 29 (2) as per contra  49,992.24
Interest received from Minister of Finance pursuant to section 14     1,213,347.30
Received from the Royal Canadian Mounted Police Pension Account
pursuant to section 18 (5)   27,155.88
Miscellaneous  47.42
3,458,145.42
$27,659,256.54
Expenditure
Less amount refunded  187.10
Superannuation allowances—
Prior-service pensions     $98,048.80
Contributory pensions  $709,469.77
Less amount refunded         1,001.00
$97,861.70
708,468.77
Provided out of Consolidated Revenue pursuant to sections 18 (8),
21 (2), and 29 (2) as per contra         49,992.24
Refunds—
Section 23     $37,675.47
Section 24     385,186.33
Section 36         5,941.82
Sundry   11.12
428,814.74
Transfers to Dominion Civil Service Superannuation Fund pursuant to
section 18 (5)  4,819.32
Transfers to British Columbia Power Commission Superannuation Fund
pursuant to section 39 (3)   486.30
Administration Expense pursuant to section 28  25,181.18
1,315,624.25
Balance, deposits with Treasury, March 31st, 1952     26,343,632.29
$27,659,256.54 S 8 BRITISH COLUMBIA
PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Balance-sheet as at March 31st, 1952
Assets
Deposits with Treasury.
$26,343,632.29
$26,343,632.29
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions (contributory portion only)     $7,092,734.32
Special Reserve Account, for prior-service pensions       3,934,138.94
Balance at credit of contributory accounts—
Employees' compulsory contributions  $7,192,557.45
Employees' voluntary contributions        913,146.19
$8,105,703.64
Employer contributions     7,192,557.45
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 1	
Suspense Account, prepaid contributions	
15,298,261.09
18,450.54
47.40
$26,343,632.29
Present value of superannuation allowances as at March 31st, 1952:—
Contributory pensions  $6,707,076.00
Prior service pensions        756,089.00
$7,463,165.00
.:        .
■
' CIVIL SERVICE SUPERANNUATION REPORT
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PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Comparative Statistics, April 1st, 1945, to March 31st, 1952, 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
4,521
1,467
13
1,567
1,902
2,437
2,885
3,027
3,086
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231
217
216
219
369
416
333
397
354
424
523
760
750
86
179
83
109
84
72
72
3
29
6
15
5
7
11
21
19
23
24
15
21
28
1
4
1
3
1
4
480
640
700
785
854
905
949
47
1946-47
72
1947-48                         .   .
77
1948-49.	
1949-50	
92
94
1950-51  	
1951-52 _	
100
107 CIVIL SERVICE SUPERANNUATION REPORT
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H S 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, 1952
Name
Department
Amount
Blair, Annie 	
Boyd, Robert G	
Bright, Mrs. Rita E.Carlson, Torie 	
Cashato, Oliffe _	
Christie, Hugh G 	
Colley, William H	
Dutcher, Mrs. Ursula E..
Ebert, G. A	
Fraser, R. B._  	
Gardner, Mrs. D. E	
Gayton, Dr. J. L	
Gourley, Mrs. M. F. (nee Chorlton).
Greenlaw, K. K.  	
Hinds, Edward  _	
Horwood, A. C __ 	
Hughes, Sarah	
Jobbins, Mrs. H.._ 	
John, Mrs. T. A. (nee Behnseu)	
Jonsson, Douglas W 	
Kennedy, Janet S. M.._ 	
Konechy, Mrs. Marie 	
Listoen, Ruth E. _ 	
Martin, Leslie C.
Mercer, Miss A. L  _
Mitchell, William J _	
Maclnnes, William H	
McKay, Gordon E 	
McLaughlin, John L	
Neilson, Mrs. Clarabelle	
Nesbitt, Mrs. J. K. (nee Gordon).
Noel, Shirley H	
Perry, Gordon N	
Petto, Emma..
Pottinger, Norma R	
Raino, Mrs. Margaret .
Raper, G. St. J.
Romanchuk, Victoria.
Samuel, Mrs. Helen J.
Sands, Hugh M._
Saxton, Dr. Dorothy	
Scott, Verna	
Smillie, Mrs. D. E. (nee Paulin)..
Torpy, Katherine	
Trethewey, Helen C 	
Wallis, Edward C _ 	
Whitehead, T. G. J 	
Williams, Mrs. E. G. (nee Pithart)..
Williams, E...
Wilson, Constance M..
Total	
Public Health ....
Social Welfare .
Public Works ...
Police	
Public Utilities _
Social Welfare ..
Forest Service ...
Public Health ...
Forest Service ...
Forest Service...
Public Works ....
Public Health...
Forest Service ...
Forest Service....
Public Health ....
Forest Service...
Social Welfare...
Social Welfare..
Social Welfare ..
Public Works....
Public Health ...
Provincial Secretary-
Public Health	
Public Health	
Forest Service.- 	
Trade and Industry	
Provincial Secretary._
Police 	
Police	
Public Health	
Provincial Secretary-
Public Health	
Trade and Industry	
Provincial Secretary-
Social Welfare	
Public Health	
Public Works	
Provincial Secretary-
Provincial Secretary-
Provincial Secretary-
Public Health	
Public Health	
Public Health	
Public Health	
Public Health	
Provincial Secretary-
Agriculture 	
Social Welfare	
Public Works	
Education	
$2.71
5.45
45.54
,800.10
,043.68
942.40
117.48
5.97
385.78
21.42
4.77
547.58
79.87
35.74
11.34
21.12
90.78
153.09
148.17
12.72
555.47
8.32
4.80
13.06
3.38
253.95
,218.45
19.96
29.20
24.16
491.82
568.20
,653.36
6.95
637.30
7.11
16.00
5.04
839.16
755.68
68.75
1.89
482.36
32.61
55.09
85.62
65.50
,065.78
1.75
4.11
$18,450.54 CIVIL SERVICE SUPERANNUATION REPORT S  13
PART IL—RETIREMENT FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 3 1st, 1952
Revenue
Deposits with Treasury, April 1st, 1951  $2,212,469.63
Contributions as per requirements of the Act—
Employees—
Section 42 (1) and (2)=  $351,984.76
Add transfers from Superannuation Fund (Part I)....        9,039.06
$361,023.82
Less transfers to Superannuation Fund (Part I)       29,771.22
$331,252.60
Section 42 (4), voluntary $4,970.11
Less transfers to
Superannuation  Fund
(Part I)        935.33
         4,034.78
Employer—
Section 4 (2)  $28.56
Section 42 (3)     331,224.04
$335,287.38
331.9.S?;tW
'
Provided out of Consolidated Revenue pursuant to section 46 (3) as per contra       16,733.58
Interest received from Minister of Finance pursuant to section 43  -     110,287.09
Miscellaneous  6.75
793,567.40
$3,006,037.03
Expenditure
Superannuation allowances—
Contributory pensions  $7,690.01
Less amount refunded  56.28
$7,633.73
Provided out of Consolidated Revenue pursuant to section 46 (2) as per contra 16,733.58
     $24,367.31
Refunds—Section 48 (1)     197,941.16
Administration expense pursuant to section 28         5,885.53
$228,194.00
Balance, deposits with Treasury, March 31st, 1952     2,777,843.03
$3,006,037.03 S  14 BRITISH COLUMBIA
PART IL—RETIREMENT FUND—Continued
Balance-sheet as at March 31st, 1952
Assets
Deposits with Treasury  $2,777,843.03
$2,777,843.03
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions (contributory portion only)        $93,923.64
Special Reserve Account        424,779.39
Balance at credit of contributory accounts—
Employees' compulsory contributions  $1,124,667.65
Employees' voluntary contributions  8,201.25
$1,132,868.90
Employer contributions     1,124,667.65
     2,257,536.55
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 2  1,596.70
Suspense Account, prepaid contributions .  6.75
$2,777,843.03
Present value of contributory portion of superannuation allowances as at March
31st, 1952, $92,081. CIVIL SERVICE SUPERANNUATION REPORT
S 15
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TH   t- S 16 BRITISH COLUMBIA
PART II.—RETIREMENT FUND—Continued
Comparative Statistics, May 1st, 1947, to March 31st,
Subdivided According to Sex of Contributor
1952,
Allowances
Fiscal Year
Number of
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
1,886
12
17
78
39
66
87
322
350
576
637
4
8
8
27
13
7
16
22
26
14
2
1
3
....
7
23
43
68
79
1948^19
1949-50
—
1950-51
1951-52 	
—
Comparative Statistics, May 1st, 1947, to March 31st, 1952—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.. 	
1950-51  _	
1951-52.... _ _	
7
23
43
68
7
16
22
26
14
2
1
3
7
23
43
68
79 CIVIL SERVICE SUPERANNUATION REPORT                                 S  17
PART IL—RETIREMENT FUND—Continued
Schedule No. 2.—Unclaimed Moneys in Retirement Fund at Credit of
Former Employees'Accounts as at March 31st, 1952
Name
Department
Amount
$4.54
4.83
16.05
186.47
40.21
7.47
38.47
51.31
13.80
30.11
41.85
12.11
6.42
37.48
1.26
95.82
89.49
1.61
10.45
8.54
43.88
18.86
5.09
18.86
3.78
12.52
14.15
48.45
1.23
100.06
30.55
9.03
27.87
27.14
40.60
69.87
5.35
6.69
.50
7.40
9.55
33.19
11.21
14.36
32.06
11.59
22.78
233.67
31.72
6.40
Burke, F. E	
Butt, S          	
Calvert, T. M.              .
Clarkston, O.    .                                      	
Collins, R. H _   	
Public Works _  _	
Cook, G.
Edstrom, M  —	
Public Works  _ _	
Public Works  	
Hall, C _
Hick, H                 	
Holland, G. R                   	
Forest Service 	
Johnson, 1. M.
Kent, W. A _ _	
Knox, W. G	
Forest Service    __  _.       	
A gricultiire
Public Works —         	
McDonald, D. G _           	
McKay, A. H.
Public Works  	
Miller, R ...                  	
Mosher, A. F. _ _ 	
Public Works           ._	
Nvgaard, W    	
Public Works  ___  _  _ _. .
Public Works  _   _	
Public Works
Puckett, R	
Racher, M. H 	
Public Works	
Public Works _     	
Schmidt, N. J _	
Public Works
Starkey, S.S 	
Swanson, C _	
Triggs, Stanley        _   _   ___
Watson, L. J	
Public. Works
Wilson, G  __
Wilson, W. I. -	
Wright, C. C _     ..
Wright, L _._	
Public Works	
Total
$1,596.70
Printed by Don McDiarmid
320-1252-8849
VICTORIA, B.C.
Printer to the Queen's Most Excellent Majesty
1953   

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