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Eighteenth Annual Report of the Business Done in Pursuance of the CIVIL SERVICE SUPERANNUATION ACT For… British Columbia. Legislative Assembly 1954

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 PROVINCE   OF   BRITISH   COLUMBIA
Eighteenth Annual Report
of the Business Done in Pursuance of the
CIVIL SERVICE
SUPERANNUATION ACT
For the Year Ended March 31st
1953
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 1952-53.
WESLEY D. BLACK,
Provincial Secretary.
Provincial Secretary's Office,
Victoria, B.C., December 16th, 1953. 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 1952-53.
I have the honour to be,
Sir,
Your obedient servant,
R. A. PENNINGTON,
Superannuation Commissioner.
December 14th, 1953. SUPERANNUATION REPORT, 1952-53
REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE "CIVIL SERVICE
SUPERANNUATION ACT" DURING THE FISCAL YEAR 1952-53
Part I.—Civil Service Superannuation Fund
Sections 4, 7, 8, and 9.—Regular contributions received from employees amounted
to $1,414,876.98. Employer contributions received amounted to $1,414,924.38, consisting of $1,414,015.10 provided by the Minister of Finance and $909.28 provided by
the Inspector of Dykes and Commissioner of the dyking districts. As at March 31st,
1953, there were 8,025 contributors to the Fund.
Section 11.—Special voluntary contributions received from employees amounted
to $251,713.23. As at March 31st, 1953, there were 1,675 employees making special
voluntary contributions.
Section 13.—As at March 31st, 1953, deposits with the Treasury at credit of the
Civil Service Superannuation Fund amounted to $29,506,088.97.
Section 14.—Interest in the amount of $1,336,405.33 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, 1952, and October 1st, 1952, and credited as at September
30th, 1952, and March 31st, 1953, respectively.
Section 15.—(1) (a) A net total of $349,002.17 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 $93,563.26.
Section 16.—Former employees who were reinstated in the service of the Government made payments toward the reinstatement of their superannuation accounts amounting
to $5,773.84.
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 seventy-two contributors pursuant to this subsection. For analysis see statements of comparative statistics
appended hereto.
(5) Pursuant to this subsection and agreement entered into between the Governments
of Canada and the Province of British Columbia, as authorized by the " Police and Prisons
Regulation Act Amendment Act, 1950," a total of $7,093.19 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 sixteen
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 $1,349.25. 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 $51,395.48 was expended in supplementing pensions pursuant
to sections 18 (8), 21 (2), and 29 (2). The Minister of Finance reimbursed the Fund
for this amount out of Consolidated Revenue.
J M 6 BRITISH COLUMBIA
Section 19.—(2) The Minister of Finance provided an amount of $904.43 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 three
employees who died while in service.
(2) Refer to section 18 (8) above.
Section 23.—Refunds totalling $28,785.12 were made to the widow or estate in the
case of twenty-one contributors who died while in service.
Section 24.—(1) Refunds totalling $362,910.40 were made to 1,005 contributors
who left the service of the Government.
(2) A superannuation allowance was granted to one employee pursuant to this
subsection.
(3) An amount of $7,222.64 was transferred to the contributors' credit in
Employees' Suspense Account in respect of fourteen former employees who were out
of the service of the Government for more than three years.
Section 28.—Administration expenses amounting to $42,159.66 were paid from
Special Reserve pursuant to this section and apportioned as follows: Civil Service
Superannuation Fund, $34,638.73, and Retirement Fund, $7,520.93.
Section 29.—(2) The provisions of this subsection utilized to provide funds for
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 $379.83 was paid over to the Minister of Finance from the
accounts of two former contributors in accordance with the provisions of this section.
Part II.—Retirement Fund
Section 42.—Regular contributions received from employees amounted to
$364,541.46. Employer contributions received amounted to $364,546.71, consisting of
$364,375.35 provided by the Minister of Finance and $171.36 provided by the Inspector
of Dykes and Commissioner of the dyking districts. Special voluntary contributions
received from employees amounted to $7,855.11. As at March 31st, 1953, there were
1,771 contributors to the Fund.
Section 43.—Interest in the amount of $142,428.59 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 fifteen contributors
pursuant to this subsection. For analysis see statements of comparative statistics appended
hereto.
(3) An amount of $17,603.19 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 $143,115.45 were made to 323 contributors who
left the service of the Government.
R. A. PENNINGTON,
Superannuation Commissioner. civil service superannuation report
M 7
PART I.—CIVIL SERVICE SUPERANNUATION FUND
Statement of Revenue and Expenditure for the Fiscal Year Ended
March 31st, 1953
Revenue
Deposits with Treasury, April 1st, 1952  $26,343,632.29
Contributions as per requirements of the Act—
Employees—
Sections 7 and 8     $1,391,953.79
Add transfers from Retirement Fund (Part
II)  24,047.47
Less transfers to Retirement Fund (Part
II) 	
Section 16	
Section 18 (6) 	
Section 11, voluntary .... $251,766.74
Add transfers  from  Retirement Fund (Part II) __ 13.49
$1,416,001.26
1,124.28
114,876.98
5,773.84
1,349.25
Less transfers to Retirement
$251,780.23
tuna (fart u) 	
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Miscellaneous contributions,  in
Suspense Account—
Regular	
Voluntary            —. 	
$134.69
57.35
192 04
«i e,j-i orK 3rt
Employer—
Section 4 (2) 	
              $909.28
Section 9       	
1,414,015.10
Section 18 (7) 	
$1,414,924.38
            1,349.25
Section 19 (2) 	
904.43
1,417,178.06
Provided out of Consolidated Revenue pursuant to sections 18 (9),
21 (2), and 29 (2) as per contra .        51,395.48
Interest received from Minister of Finance pursuant to section 14      1,336,405.33
Received from the Royal Canadian Mounted Police Pension Account
pursuant to section 18 (5)   7,093.19
4,485,977.40
$30,829,609.69
Expenditure
Superannuation allowances—
Prior-service pensions 	
Less amount refunded
$94,050.43
487.17
Contributory pensions         $753,948.28
Less amount refunded  2,100.38
Provided out of Consolidated Revenue pursuant to sections 18 (8),
21 (2), and 29 (2) as per contra 	
Refunds—
Section 23        $28,785.12
Section 24          362,910.40
Section 36  379.83
$93,563.26
751,847.90
51,395.48
Administration expense pursuant to section 28 	
Balance, deposits with Treasury, March 31st, 1953
392,075.35
34,638.73
$1,323,520.72
29,506,088.97
$30,829,609.69 M 8 BRITISH COLUMBIA
PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Balance-sheet as at March 31st, 1953
Assets
Deposits with Treasury-
$29,506,088.97
$29,506,088.97
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions (contributory portion only)     $7,479,260.60
Special Reserve Account, for prior-service pensions       4,364,539.61
Balance at credit of contributory accounts—
Employees' compulsory contributions  $8,256,395.99
Employees' voluntary contributions     1,131,568.59
$9,387,964.58
Employer contributions     8,256,395.99
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 1	
Suspense Account, prepaid contributions	
17,644,360.57
17,736.15
192.04
$29,506,088.97
Present value of superannuation allowances as at March 31st, 1953:—
Contributory pensions  $7,099,451.00
Prior-service pensions        721,007.00
$7,820,458.00 CIVIL SERVICE SUPERANNUATION REPORT
M 9
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o      th      cs      eo      ^      in      n6m»o\6h M 10 BRITISH COLUMBIA
PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Comparative Statistics, April 1st, 1945, to March 31st, 1953, 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
4,742
1,467
13
1,567
1,902
2,473
2,885
3,027
3,086
3,283
} 137
231
217
216
219
369
416
311
333
397
354
424
523
760
750
715
i
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21
19
23
24
15
21
28
24
1
4
1
3
1
4
2
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480    1      47
640
700
785
854
905
950
988
1946-47	
179
83
109
84
29
6
15
5
72
1947-48      .
1948-49 -	
1949-50     	
77
92
94
1950-51 	
1951-52 	
1952-53 	
72
72
62
7
11
14
100
106
118 CIVIL SERVICE SUPERANNUATION REPORT
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-  ,; CIVIL SERVICE SUPERANNUATION REPORT M  13
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, 1953
Name
Department
Amount
Public Health -	
$1,344.96
960.21
622.40
Public Health	
163.95
Berry, Mrs. Frances E. (nee Hobden) ____	
Public Health              	
392.76
Public Health ____ _ _	
2.71
Boyd, Robert G.                            	
5.45
Bright, Mrs. Rita E.
Public Works _ _ __	
45.54
419.83
Cashato, Oliffe                   -	
Public Utilities _.___ ~ -	
4,043.68
Christie, Hugh G.                                      	
942.40
Public Works - ., 	
191.71
Public Health  _	
5.97
385.78
Fraser, R. B.
21.42
Gardner, Mrs. Diana E. (nee Whitall)—	
Gourlay, Mrs. Mary F. (nee Chorlton)___ 	
4.77
79 87
35 74
Public Health ______ _ ______ ___
11.34
Public Works   ___	
12.72
8.32
274.37
648 42
Public Health 	
4.80
833.34
Public Health _ 	
13.06
Forest Service  _  	
3.38
253 95
2,218.45
Public Health           ._	
556 30
Attorney-General  _	
19.96
29.20
Public Health                	
24 16
491.82
20 43
6 95
Public Health	
7.11
Raper, G. St. J.
16 00
5 04
839 16
Public Health	
1 89
Public Health _
Public Health  	
482.36
32 61
Wall, Katharina   	
Public Health --	
29 10
Wallis, Edward C..._ - __—	
85.62
Whitehead, T. G. J  ___	
Williams, Mrs. Elsie G. (nee Pithart)    .  ..
Agriculture  	
65.50
1,065.78
1 75
Williams, E	
Public Health	
4 11
Total  _____	
$17,736.15 M  14 BRITISH COLUMBIA
PART II.—RETIREMENT FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 31st, 1953
Revenue
Deposits with Treasury, April 1st, 1952  $2,777,843.03
Contributions as per requirements of the Act—
Employees—
Section 42 (1) and (2)  $387,478.14
Add transfers from Superannuation Fund (Part I)_.        1,124.28
$388,602.42
Less transfers to Superannuation Fund (Part I)       24,060.96
$364,541.46
Section42(4),voluntary $7,788.11
Add transfers from
Superannuation  Fund
(Part I)  67.00
         7,855.11
  $372,396.57
Employer—
Section 4 (2)  $171.36
Section 42 (3)     364,375.35
     364,546.71
Provided out of Consolidated Revenue pursuant to section 46 (3) as per contra        17,603.19
Interest received from Minister of Finance pursuant to section 43      142,428.59
896,975.06
$3,674,818.09
Expenditure
Superannuation allowances—
Contributory pensions  $9,725.39
Less amount refunded  47.34
$9,678.05
Provided out of Consolidated Revenue pursuant to section 46 (2) as per contra 17,603.19
$27,281.24
Refunds, section 48 (1)_ 143,115.45
Administration expense pursuant to section 28         7,520.93
      $177,917.62
Balance, deposits with Treasury, March 31st, 1953     3,496,900.47
$3,674,818.09
J CIVIL SERVICE SUPERANNUATION REPORT M  15
PART II.—RETIREMENT FUND—Continued
Balance-sheet as at March 31st, 1953
Assets
Deposits with Treasury  $3,496,900.47
$3,496,900.47
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions (contributory portion only)      $129,564.10
Special Reserve Account        585,061.16
Balance at credit of contributory accounts—
Employees' compulsory contributions  $1,381,455.27
Employees' voluntary contributions  15,466.07
$1,396,921.34
Employer contributions     1,381,455.27
     2,778,376.61
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 2  3,898.60
$3,496,900.47
Present value of contributory portion of superannuation allowances as at March
31st, 1953, $127,492. M  16
BRITISH COLUMBIA
m
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On CIVIL SERVICE SUPERANNUATION REPORT
PART II.—RETIREMENT FUND—Continued
Comparative Statistics, May 1st, 1947, to March 31st,
Subdivided According to Sex of Contributor
M  17
1953,
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_4g
1,563
2,100
2,346
2,340
1,886
1,701
12
17
78
39
66
70
87
322
350
576
637
306
4
8
8
27
13
17
7
16
22
26
14
15
-
2
1
3
....
—
7
23
43
68
79
94
1948-49
1949-50....-	
1950-51	
1951-52._____ 	
1952-53 	
-
Comparative Statistics, May 1st, 1947, to March 31st, 1953—Allowances
Granted and in Force, Subdivided by Plan of Allowance
In Force at Beginning
of Year
Granted during
Year
Expired during
Year
In Force at End
of Year
Fund   1 Schedule C
Fund   1 Schedule C
1
Fund   1 Schedule C
1
1
Fund   1 Schedule C
1
1947-48
|            7
....      j         23
43
68
79
_      |           7
....      |          16
....      |          22
....      |         26
14
1      |          13
1
....      |            2
|             1
3
I
7
1948^49
1949-50	
1950-51 	
1951-52_	
_ | 23
43
_ | 68
79
1952-53—
1
1                 92
Death	
....      |            1
Totals	
....      |         79
1      |          14
1      |          93
1 M  18
BRITISH COLUMBIA
PART II.—RETIREMENT FUND—Continued
Schedule No. 2.—Unclaimed Moneys in Retirement Fund at Credit of
Former Employees' Accounts as at March 31st, 1953
Name
Department
Amount
$14.76
4.54
Bohan, H.
Public Works
195.20
Butt, S.
Public Works
186.47
7.47
Charnell, G. S.
40.24
Chernoff, G. N	
Public Works __ —   	
Public Works  __ _  _	
38.47
51.31
Cock. G.
41.85
Public Health _____   _
356.97
6.42
Fehr, G L
8.05
37.48
Fors, T.
Public Works __ ___ _	
15.58
1.26
274.00
Public Works       .   	
95.82
Hall, C.
89.49
Hick, H
1.61
Holland G R
10.45
8.54
43.88
Kent, W. A                           	
Forest Service  _   —	
18.86
Knox, W. G.
5.09
McDonald, D G
3.78
15.89
13.79
McKay, A. H.
12.52
258.86
98.55
Mahood, F. R.   __	
Forest Service  	
Public Works __ _ _ 	
Public Works    ■     	
22.45
14.15
Miller, R.
48.45
Mosher, A. F _   	
Public Works    	
1.23
30.55
Olson, H. A	
157.30
Pasco, C. J.
Public Works                            	
9.03
Paulson, H. P.
Public Works        	
27.87
Puckett, R. - -                        	
27.14
Racher, M. H	
40.60
Public Works        - 	
69.87
Rice, R. M 	
114.49
Reid, J. D                                 	
Public Works  	
Public Works  _ 	
Public Works __ _ _
Public Works                                         	
545.07
5.35
Schmidt, N. J        	
6.69
155.41
.50
Smith, S. A _  	
Starkey, S. S	
Public Works 	
Public Works  _ 	
7.40
9.?5
Public Works	
33.19
Public Works —_ 	
19.94
505.95
Public Works   	
11.21
14.36
Turton, H. ____ __	
Public Works __ 	
22.88
11.59
Wilson, G 	
Public Works	
22.78
Wright, L	
6.40
Total 	
$3,898.60
VICTORIA, B.C.
Printed by Don McDiaemid, Printer to the Queen's Most Excellent Majesty
1953
210-1253-6938  

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