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Twentieth Annual Report of the Business Done in Pursuance of the CIVIL SERVICE SUPERANNUATION ACT For… British Columbia. Legislative Assembly 1956

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 PROVINCE OF BRITISH COLUMBIA
Twentieth Annual Report
of the Business Done in Pursuance of the
CIVIL SERVICE
SUPERANNUATION ACT
For the Year Ended March 31st
1955
THE GOVERNMENT OF
THE PROVINCE OF BRITISH COLUMBIA
VICTORIA, B.C.
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
1956  To His Honour Frank Mackenzie Ross, C.M.G., M.C.,
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 1954-55.
Provincial Secretary's Office,
Victoria, B.C., December 30th, 1955.
WESLEY D. BLACK,
Provincial Secretary. 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 1954-55.
I have the honour to be,
Sir,
Your obedient servant,
R. A. PENNINGTON,
Superannuation Commissioner.
December 29th, 1955. SUPERANNUATION REPORT, 1954-55
REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE " CIVIL SERVICE
SUPERANNUATION ACT" DURING THE FISCAL YEAR 1954-55
Part I.—Civil Service Superannuation Fund
Sections 4, 7, 8, and 9.—Regular contributions received from employees amounted
to $1,518,782.93. Employer contributions received amounted to $1,518,894.66, consisting of $1,517,947.74 provided by the Minister of Finance and $946.92 provided by
the Inspector of Dykes and Commissioner of the dyking districts. As at March 31st,
1955, there were 7,748 active contributors to the Fund.
Section 11.—Special voluntary contributions received from employees amounted to
$246,312.18. As at March 31st, 1955, there were 1,179 active employees making special
voluntary contributions.
Section 13.—As at March 31st, 1955, deposits with the Treasury at credit of the
Civil Service Superannuation Fund amounted to $35,833,073.72.
Section 14.—Interest in the amount of $1,640,251.67 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, 1954, and October 1st, 1954, and credited as at September
30th, 1954, and March 31st, 1955, respectively.
Section 15.—(1) (a) A net total of $446,456.83 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 $89,188.57.
Section 16.—Former employees who were reinstated in the service of the Government made payments toward the reinstatement of their superannuation accounts amounting to $9,761.20.
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 eighty-eight contributors pursuant to this subsection. For analysis see statements of comparative statistics
appended hereto.
(5) A superannuation allowance was granted during the year to one former contributor employed on the New Westminster Bridge pursuant to this subsection. 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 $291.18 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 three 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 $1,622.79. An equal amount
was received from the appropriation provided by " Special Assistance in the Cost of
Education Act" as a contribution from the employer to the Fund. V 6 BRITISH COLUMBIA
Section 19.—(2) The Minister of Finance provided an amount of $3,040.02 in
accordance with the provisions of this subsection as an employer contribution in respect
of 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 four
employees who died while in service.
Section 23.—Refunds totalling $25,128.60 were made to the widow or estate in the
case of eighteen contributors who died while in service.
Section 24.—(1) Refunds totalling $497,313.26 were made to 1,136 contributors
who left the service of the Government.
(2) Superannuation allowances were granted to three employees pursuant to this
subsection.
(3) An amount of $17,387.75 was transferred to the contributors' credit in
Employees' Suspense Account in respect of thirty-five former employees who were out
of the service of the Government for more than three years.
Section 28.—Administration expenses amounting to $41,749.18 were paid from
Special Reserve pursuant to this section and apportioned as follows: Civil Service
Superannuation Fund, $33,128.81, and Retirement Fund, $8,620.37.
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.—An amount of $1,207.61 was paid over to the Minister of Finance
from the account of one former contributor in accordance with the provisions of this
section.
Schedule B.—An amount of $51,497.26 was paid out in supplementing allowances
granted prior to April 1st, 1953, pursuant to Schedule B. The Minister of Finance
reimbursed the Fund for this amount out of Consolidated Revenue.
Part II.—Retirement Fund
Section 42.—Regular contributions received from employees amounted to
$485,961.61. Employer contributions received amounted to $486,043.57, consisting of
$485,843.65 provided by the Minister of Finance and $199.92 provided by the Inspector
of Dykes and Commissioner of the dyking districts. Special voluntary contributions
received from employees amounted to $11,251.95. As at March 31st, 1955, there were
2,356 active contributors to the Fund.
Section 43.—Interest in the amount of $221,232.31 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) A superannuation allowance was granted pursuant to this subsection to the
dependent of an employee who died in service.
Section 48.—(1) Refunds totalling $150,296.23 were made to 266 contributors
who left the service of the Government.
Schedule C.—An amount of $18,378.98 was paid out in supplementing allowances
granted prior to April 1st, 1953, pursuant to Schedule C. The Minister of Finance
reimbursed the Fund for this amount out of Consolidated Revenue. CIVIL SERVICE SUPERANNUATION REPORT
V 7
Miscellaneous
Transfers from Special Reserve to Contributory Pensions Account of Present Value of
Supplementary Service Bonuses, etc., Granted during the Fiscal Year 1954—55
Parti
Section 51____-      $16,861.26
Section 52      188,085.68
Section 53 --        4,252.06
Part II
$14,501.31
5,355.69
Total
$16,861.26
202,586.99
9,607.75
$209,199.00        $19,857.00        $229,056.00
R. A. PENNINGTON,
Superannuation Commissioner. V 8 BRITISH COLUMBIA
PART I.—CIVIL SERVICE SUPERANNUATION FUND
Statement of Revenue and Expenditure for the Fiscal Year Ended
March 31st, 1955
Revenue
Deposits with Treasury, April 1st, 1954  $32,607,231.27
Contributions as per requirements of the Act—
Employees—
Sections 7 and 8  $1,501,593.28
Add net transfers from Retirement Fund
(Part II)   17,189.65
$1,518,782.93
Section 16  9,761.20
Section 18 (6)   1,622.79
Section 11, voluntary  $244,669.21
Add net transfers from Retirement Fund (Part II) 1,642.97
246,312.18
Contributions in Suspense Account  25.52
Employer—
Section 4 (2)   $946.92
Section 9      1,517,947.74
$1,776,504.62
$1,518,894.66
Section 18 (7)   1,622.79
Section 19 (2)   3,040.02
1,523,557.47
Provided out of Consolidated Revenue pursuant to Schedule B and
section 29 (2) as per contra  51,497.26
Interest received from Minister of Finance pursuant to section 14     1,640,251.67
Received from the Royal Canadian Mounted Police Pension Account
pursuant to section 18 (5)   291.18
4,992,102.20
$37,599,333.47
Expenditure
Superannuation allowances—
Prior-service pensions         $89,188.57
Contributory pensions      1,067,482.38
Provided out of Consolidated Revenue pursuant to
Schedule B and section 29 (2) as per contra— 51,497.26
$1,208,168.21
Refunds—
Section 23   $25,128.60
Section 24   497,313.26
Section 36   1,207.61
523,649.47
Transfer to British Columbia Power Commission Superannuation Fund
pursuant to section 39 (3)   1,313.26
Administration expense pursuant to section 28   33,128.81
$1,766,259.75
Balance, deposits with Treasury, March 31st, 1955     35,833,073.72
$37,599,333.47 CIVIL SERVICE SUPERANNUATION REPORT V 9
PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Balance-sheet as at March 31st, 1955
Assets
Deposits with Treasury  $35,833,073.72
$35,833,073.72
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions, other than prior-service portion     $9,507,688.90
Special Reserve Account       4,313,571.22
Balance at credit of contributory accounts—
Employees' compulsory contributions  $10,246,375.14
Employees' voluntary contributions       1,502,468.35
$11,748,843.49
Employer contributions     10,246,375.14
     21,995,218.63
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 1  16,569.45
Suspense Account, prepaid contributions  25.52
$35,833,073.72
Present value of pensions in force as at March 31st, 1955:—
Pensions chargeable to Contributory Pensions Account  $9,110,554.00
Prior-service pensions        688,791.00
$9,799,345.00 V 10
BRITISH COLUMBIA
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J CIVIL SERVICE SUPERANNUATION REPORT V 11
PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Comparative Statistics, April 1st, 1945, to March 31st, 1955, 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	
Enlisted 	
1946-47	
2,975
35
3,405
3,786
4,273
4,742
4,421
4,521
4,742
4,896
4,812
75
1,467
13
1,567
1,902
2,473
2,885
3,027
3,086
3,283
3,194
2,936
221
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231
217
216
219
369
416
333
397
354
424
523
760
750
86
179
83
109
84
72
72
62
3
29
6
15
5
7
11
14
21
19
23
24
15
21
28
23
32
23
1
4
1
3
1
4
2
3
480
640
700
785
854
905
950
989
1,033
1,086
47
72
1947-48.	
77
1948-49  	
92
1949-50  	
94
1950-51 	
1951-52 _ 	
100
106
1952-53	
311    |    715
353    |    845
) 340    |    815
f           1
118
1953-54  .. ..
76    |        6
76    [     20
1
124
1954-55.   	
141 V 12
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O
H CIVIL SERVICE SUPERANNUATION REPORT
V 13
(S ^ CO 'CT,
-sis   4§
'zqo    7z
•- _   w        rt ^5 cj
J3-5 H I  c x xi H
.Is £ i I'l
OQ 'TZQQ V 14
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, 1955
Name
Department
Amount
Allman, Mary Beatrice-
Anderson, Ruby Marie-
Andrew, Ivy Maud.
Armstrong, Mrs. Barbara Joan-
Berry, Mrs. Frances Elizabeth...
Blair, Annie  	
Brydon, Georgina 	
Campbell, Mrs. Anne  _
Carey, Ruth E  _
Carpenter, Mrs. Coral Alma..
Christie, Hugh Graham	
Cochran, Wilbur	
Donaldson, Mrs. Anna Whitelaw..
Dutcher, Mrs. Ursula E 	
Errington, Catherine Agnes	
Fleetwood, Cecilia 	
Fraser, R. B   _
Frelone, Valda Camille _ 	
Gardner, Mrs. D. E. (nee Whitall).
Greenlaw, K. K 	
Herkes, Wilma Frances.
Hinds, Edward	
Jones, Susie G. E	
Jonsson, Douglas William..
Maloney, Cecil Wilson..
Marritt, Dr. Martha Elizabeth-
Martin, Leslie C	
Matthews, Charles	
Mercer, A. L —	
Mitchell, William James	
Maclnnes, William Hedley..
McKay, Gordon Eldon„
McLaughlin, John Lloyd-
MacPherson, Mary Elizabeth..
McPherson, William Mortimer..
McRitchie, Calanthe.....	
Neilson, Mrs. Clarabelle	
Parker, James D  	
Patterson, K. D. T. M —
Petto, Emma ~ 	
Purves, Jack Alexander 	
Quan, Louise  	
Raper, G. St.J-
Robertson, Phyllis Margaret-
Rollo, Gertrude Marie 	
Romanchuk, Victoria	
Ross, Annice Lorraine—	
Scott, Verna.
Selby-Hele, Mrs. Kathleen June..
Stanton, Lewis Edgar 	
Swales, Leonard Herbert- —
Taylor, George Robinson	
Torpy, Katherine..
Vicary, Gilbert Donald-
Wall, Katherine	
Wallis, Edward C	
Wasson, Faith Lees	
Watson, Gordon Field-
Webster, Mrs. Yvonne-
Williams, E..
Wilson, Mrs. Barbara Mary-
Wilson, Constance M	
Provincial Secretary-
Public Health	
Social Welfare.....	
Attorney-General	
Public Health	
Public Health—	
Provincial Secretary-
Social Welfare	
Public Health	
Finance 	
Social Welfare	
Attorney General-
Public Health	
Public Health	
Public Utilities	
Social Welfare	
Forest Service —
Finance	
Public Works	
Forest Service	
Public Works	
Public Health	
Public Health	
Public Works	
Public Health	
Public Health	
Public Health	
Social Welfare	
Forest Service	
Trade and Industry—
Provincial Secretary-
Attorney-General-	
Attorney-General	
Public Health 	
Public Health—	
Public Health	
Public Health	
Lands	
Finance	
Provincial Secretary-
Social Welfare	
Public Health....	
Public Works 	
Attorney-General	
Public Health	
Provincial Secretary-
Agriculture.—	
Public Health 	
Premier's Office. _
Provincial Secretary..
Attorney-General	
Attorney-General-	
Public Health	
Public Health	
Public Health	
Provincial Secretary..
Education „	
Provincial Secretary„
Education _.	
Public Health 	
Attorney-General	
Education  _
Totals—
$659.27
563.52
354.58
19.42
392.76
2.71
9.63
50.79
148.62
1,697.99
942.40
117.21
912.33
5.97
346.63
171.31
21.42
300.27
4.77
35.74
157.92
11.34
772.66
12.72
19.73
152.77
13.06
26.01
3.38
253.95
2,218.45
19.96
29.20
11.48
483.60
224.53
24.16
20.43
70.26
6.95
437.62
90.38
16.00
322.53
266.07
5.04
301.20
1.89
826.33
179.90
109.15
751.35
32.61
369.66
29.10
85.62
194.93
6.20
507.76
1.75
740.35
4.11
$16,569.45 CIVIL SERVICE SUPERANNUATION REPORT V 15
PART II.—RETIREMENT FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 31st, 1955
Revenue
Deposits with Treasury, April 1st, 1954  $4,303,419.88
Contributions as per requirements of the Act—
Employees—
Section 42 (1) and (2)  $503,151.26
Less net transfers to Superannuation
Fund (Part I)       17,189.65
$485,961.61
Section 16 =  102.75
Section 42 (4), voluntary- $12,894.92
Less   net   transfers    to
Superannuation   Fund
(Part I)        1,642.97
       11,251.95
Contributions in Suspense Account  22.25
  $497,338.56
Employer—
Section 4 (2)   $199.92
Section 42 (3)      485,843.65
     486,043.57
Provided out of Consolidated Revenue pursuant to Schedule C as per contra       18,378.98
Interest received from Minister of Finance pursuant to section 43      221,232.31
     1,222,993.42
$5,526,413.30
Expenditure
Superannuation allowances—
Contributory pensions     $37,858.38
Provided   out  of  Consolidated   Revenue
pursuant to Schedule C as per contra..-.      18,378.98
     $56,237.36
Refunds, section 48 (1)      150,296.23
Administration expense pursuant to section 28         8,620.37
      $215,153.96
Balance, deposits with Treasury, March 31st, 1955     5,311,259.34
$5,526,413.30 V 16
BRITISH COLUMBIA
PART II.—RETIREMENT FUND—Continued
Balance-sheet as at March 31st, 1955
Assets
Deposits with Treasury..
$5,311,259.34
$5,311,259.34
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions 	
Special Reserve Account	
Balance at credit of contributory accounts—
Employees' compulsory contributions  $2,064,027.43
Employees' voluntary contributions  33,929.71
$301,230.69
842,566.56
Employer contributions
$2,097,957.14
2,064,027.43
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 2	
Suspense Account, prepaid contributions	
4,161,984.57
5,455.27
22.25
$5,311,259.34
Present value of pensions in force as at March 31st, 1955, $291,586.
J CIVIL SERVICE SUPERANNUATION REPORT
V  17
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a V 18 BRITISH COLUMBIA
PART IL—RETIREMENT FUND—Continued
Comparative Statistics, May 1st, 1947, to March 31st, 1955,
Subdivided According to Sex of Contributor
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
1,701
1.878
12
17
78
39
66
70
17.5
87
322
350
576
637
306
256
, 238
S
4
8
8
27
13
17
10
28
7
16
22
26
14
15
19
16
z.
2
1
3
z.
1
-
7
23
43
68
79
94
113
1948-49
1949-511
1950-51                      '     -
1951-52 	
1952-53     .
1953-54	
.._
1954-55	
2,200    1    156
57             16
128
Comparative Statistics, May 1st, 1947, to March 31st, 1955—Allowances
Granted and in Force, Subdivided by Plan of Allowance
Granted during
Year
Expired during Year
In Force at End of Year
Fiscal Year
3
CD
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1947-48                    	
7
16
22
26
14
—
—
2
1
3
.-.
7
23
43
68
79
1948-49 	
1949-50..  	
1950-51                      - 	
....
1951-52                     	
1952-53—
Normal retirement	
Death-  	
1
13
1
-
1
92
1
Totals 	
....   |     1
....
14
-
•-   1   -
.... 1.....
_ 1 -- 1 1
-
93
1953-54—
Normal retirement	
Death               	
3
2  |    1
-1 -
1
12
3
2
2
93
1
12
Totals  	
3
2 1    1
-
1
12
.... | .... | ....
3  |    2
2
....
94
12
1954-55—
Normal retirement..	
Death               	
2
2
-
2
9
1
™
1
5
4
4
92
1
21
1
Totals  -
2
2
2
10
1
5
4
4
93
22 CIVIL SERVICE SUPERANNUATION REPORT
PART II.—RETIREMENT FUND—Continued
V 19
Schedule No. 2.—Unclaimed Moneys in Retirement Fund at Credit of
Former Employees' Accounts as at March 31st, 1955
Name
Department
Anderson, N. W..
Balaski, Mike	
Bryan, Edward—
Byers, D..
Campolieto, John Anthony..
Charman, F 	
Charnell, Gordon Stanley	
Chernoff, George N  	
Coe, John Robert	
Cook, George 	
Cook, William Francis	
Edstrom, M	
Fehr, G. L— 	
Ferguson, Arthur Fredrick-
Franklin, A. E	
Guppy, John Whatson	
Hick, H.  	
Holland, G. R.	
Janzen, John	
Kennedy,G	
Kent, W. A	
Knox, W. G - —	
Lewis, John.— 	
McDonald, Dougal Geral..
McGinnis, John	
McMyn, Frank 	
Madge, Henry 	
Magnus, Donald	
Malcolm, James	
Masterson, J. G 	
Miller, John Kermit	
Miller, Richard 	
Mosher, Allan Findlay..
Olson, Henry Agustus...
Palmer, B	
Qualtierie, J-
Rankins, William	
Rice, Ronald MacLaren..
Rozell, George Fred	
Schmidt, William L	
Shaw, D. M 	
Simoens, Leon   _
Sinclair, G	
Smith, A	
Smithers, Kathleen W..
Starkey, S. S 	
Swanson, C 	
Templeman, E. B 	
Wallace, Robert	
Watson, L. L. 	
Wilson, G	
Woolley, Ellis A._
Worden, Lendrum..
Wright, L. W	
Total-
Public Works 	
Public Works	
Public Works	
Public Works _
Public Works	
Agriculture 	
Forest Service	
Public Works	
Public Works 	
Lands and Forests..
Public Works.—	
Public Works	
Public Works...	
Public Works	
Public Works _	
Forest Service	
Finance	
Forest Service	
Public Works	
Public Works	
Forest Service —
Forest Service	
Public Works	
Public Works	
Public Works	
Public Works _
Public Works	
Public Works—	
Public Works..	
Public Works	
Public Works -	
Public Works	
Public Works 	
Forest Service _
Public Works -	
Public Works	
Public Works	
Forest Service ._
Public Works	
Public Works..	
Public Works.....
Public Works -
Forest Service	
Public Utilities-
Public Works.....
Public Works ...
Public Works....
Forest Service....
Public Works.....
Public Works -
Public Works _.
Forest Service-
Public Works ....
VICTORIA, B.C.
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
1956
$4.54
73.86
18.23
8.21
799.13
7.47
40.24
38.47
32.32
41.85
48.97
6.42
8.05
37.48
1.26
693.63
1.61
10.45
2.11
43.88
18.86
5.09
42.15
3.78
13.79
53.58
3.32
98.55
,062.28
14.15
160.87
48.45
1.23
157.30
1.09
524.26
69.87
114.49
1.56
4.35
1.43
155.41
.50
9.63
268.33
9.55
11.21
14.36
279.11
11.59
22.78
308.78
38.99
6.40
$5,455.27
160-156-8682 

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