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Twenty-first Annual Report of the Business Done in Pursuance of the CIVIL SERVICE SUPERANNUATION ACT… British Columbia. Legislative Assembly 1957

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 PROVINCE OF BRITISH COLUMBIA
Twenty-first Annual Report
of the Business Done in Pursuance of the
CIVIL SERVICE
SUPERANNUATION ACT
For the Year Ended March 31st
1956
VICTORIA, B.C.
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
1957  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 1955-56.
WESLEY D. BLACK,
Provincial Secretary.
Provincial Secretary's Office,
Victoria, B.C., January 31st, 1957. 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 1955-56.
I have the honour to be,
Sir,
Your obedient servant,
R. A. PENNINGTON,
Superannuation Commissioner.
January 30th, 1957. SUPERANNUATION REPORT  1955-56
REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE " CIVIL SERVICE
SUPERANNUATION ACT" DURING THE FISCAL YEAR 1955-56
Part I.—Civil Service Superannuation Fund
Sections 4, 7, 8, 9, 11, 16, and 18 (Employee and Employer Contributions).—During the year an amount of $1,802,004.01 was received from employees, consisting of the
following:—
Compulsory and arrears contributions  $1,521,791.89
Voluntary contributions        268,157.21
Repayment of moneys withdrawn  11,953.18
Contributions in suspense  101.73
$1,802,004.01
During the year, employer contributions amounting to $1,521,799.41 were received
from the following sources: —
Minister of Finance  $1,518,940.27
Dyking districts  946.92
Employees' Association and Medical Services  1,838.88
University of British Columbia  73.74
$1,521,799.41
As at March 31st, 1956, there were 8,183 active contributors to the Fund, of which
1,366 have made special voluntary contributions.
Section 13.—As at March 31st, 1956, deposits with the Treasury at credit of the
Civil Service Superannuation Fund amounted to $38,995,449.56.
Section 14.—Interest in the amount of $1,804,102.84 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, 1955, and October 1st, 1955, and credited as at
September 30th, 1955, and March 31st, 1956, respectively.
Section 15.—(1) (a) A total of $673,192.60 under Parts I and II was transferred
from the Employers' Accounts to the Special Reserve Account pursuant to various sections of the Act.
Prior-service pension payments chargeable to the Special Reserve Account amounted
to $89,091.33.
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 sixty-seven contributors pursuant to this subsection. For analysis see statements of comparative statistics
appended hereto.
Section 20.—(3) One deferred superannuation allowance was granted pursuant to
this subsection. BB 6 BRITISH COLUMBIA
Section 21.—(1) Superannuation allowances were granted to dependents of seven
employees who died while in service.
Section 23.—Refunds totalling $36,345.73 were made to the widow or estate in the
case of eleven contributors who died while in service.
Section 24.—(1) Refunds totalling $526,165.04 were made to 1,142 contributors
who left the service of the Government.
(2) Superannuation allowances were granted to three employees pursuant to this
subsection.
(3) An amount of $13,846.37 was transferred to the contributors' credit in Employees' Suspense Account in respect of twenty-seven former employees who were out of
the service of the Government for more than three years.
Section 28.—Administration expenses amounting to $40,168.39 were paid from
Special Reserve pursuant to this section and apportioned as follows: Civil Service Superannuation Fund, $31,538.13, and Retirement Fund, $8,630.26.
Section 29.—(2) The provisions of this subsection were 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 $128.94 was paid over to the Minister of Finance from
the account of two former contributors in accordance with the provisions of this section.
Schedule B.—An amount of $49,329.99 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.
The accounts of thirty-four contributors who ceased to be eligible to contribute to
the Fund under Part I were transferred from the Civil Service Superannuation Fund to
the Retirement Fund.
Part II.—Retirement Fund
Section 42.—Regular contributions received from employees amounted to $553,-
530.81. Employer contributions received amounted to $553,553.06, consisting of
$553,343.06 provided by the Minister of Finance and $210 provided by the Inspector
of Dykes and Commissioner of the dyking districts. Special voluntary contributions
received from employees amounted to $18,835.76. As at March 31st, 1956, there were
2,536 active contributors to the Fund.
Section 43.—Interest in the amount of $272,483.61 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 44.—The accounts of ninety-two contributors who became eligible to contribute to the Fund under Part I were transferred from the Retirement Fund to the Civil
Service Superannuation Fund.
Section 46.—(2) Superannuation allowances were granted to eighteen contributors
pursuant to this subsection. For analysis see statements of comparative statistics
appended hereto.
Section 48,—(1) Refunds totalling $184,867.79 were made to 336 contributors
who left the service of the Government.
Schedule C.—An amount of $17,160.43 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
BB 7
Miscellaneous
Transfers from Special Reserve to Contributory Pensions Account of Present Value of
Supplementary Service Bonuses, etc., Granted during the Fiscal Year 1955—56
Part I Part II Total
Section 51   $7,426.80 $884.70 $8,311.50
Section 52  164,101.18 15,385.16 179,486.34
Section 53  9,418.52 8,773.83 18,192.35
Section 54  664,876.62 39,855.44 704,732.06
$845,823.12    $64,899.13    $910,722.25
LEGISLATION
The "Civil Service Superannuation Act Amendment Act, 1955," included the following changes: —
(1) The scope of the Act was extended to include the British Columbia Provincial Government Employees' Association and the Government Employees' Medical Services as employers and their permanent employees.
Coverage was also extended to persons employed by a Dairy Herd Improvement Association.
(2) Provision was made to grant a deferred allowance to a contributor whose
services terminate after at least fifteen years of service. The employee
may leave his credit in the Fund to accumulate at 5 per cent interest for
the first three years and 3 per cent interest during the balance of the
deferred period. The 3-per-cent rate is payable for pension purposes
only and is not included in the refund, if the former contributor makes
application for a refund in lieu of the allowance.
(3) Provision was made to allow reciprocal agreements, subject to the approval of tthe Lieutenant-Governor in Council, whereby transfers to or
from other employers could be effected without loss of accrued pension
privileges.
(4) Persons in receipt of a superannuation allowance granted before April
1st, 1953, were granted a supplementary service bonus effective April 1st,
1955: —
(a) If over age 70 on April 1st, 1953, the bonus was 60 cents per month
for each year of service for the former employee and 30 cents per month for
each year of service for the wife or widow of a former employee.
(b) If over age 65 but under 70 on April 1st, 1953, the bonus was reduced in proportion to the number of payments received under the 1953 bonus
(section 51).
The only change arising out of 1956 legislation was provision for continuing coverage under the Act for employees of the Department of Education who are transferred to
the staff of the University of British Columbia or Victoria College. The largest group
affected by this amendment was the teaching staff of the two normal schools.
R. A. PENNINGTON,
Superannuation Commissioner. BB 8
BRITISH COLUMBIA
PART I.—CIVIL SERVICE SUPERANNUATION FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 31st, 1956
Revenue
Deposits with Treasury, April 1st, 1955 	
Contributions as per requirements of the Act-
Employees—
Sections 7 and 8	
$35,833,073.72
Add net transfers from Retirement Fund
(Part II) 	
Section 16 	
Section 11, voluntary  $269,834.53
Less net transfers to Retirement Fund (Part II)         1,677.32
$1,497,852.87
23,939.02
$1,521,791.89
11,953.18
Contributions in Suspense Account
Employer—
Section 4 (2) ..
Section 9 (1) ..
Section 9 (2) ..
Section 18 (4)
Section 18 (8)
268,157.21
101.73
$1,802,004.01
$946.92
1,517,270.19
1,838.88
1,670.08
73.34
Provided out of Consolidated Revenue pursuant to Schedule B and section 29 (2) as per contra
1,521,799.41
49,329.99
Interest received from Minister of Finance pursuant to section 14     1,804,102.84
Received from the Royal Canadian Mounted Police Pension Account
in respect of former members of the British Columbia Provincial
Police   1,161.79
5,178,398.04
$41,011,471.76
Expenditure
Superannuation allowances—
Prior-service pensions 	
Contributory pensions, etc. 	
Provided out of Consolidated Revenue pursuant to
Schedule B and section 29 (2) as per contra	
Refunds—
Section 23
Section 24
$89,091.33
1,269,626.00
49,329.99
$36,345.73
526,165.04
Transfer to British Columbia Power Commission Superannuation Fund
in respect of former contributors 	
Transfer to Government of Canada Superannuation Fund pursuant to
agreement under section 39 (4) 	
Administration expense pursuant to section 28 	
Balance, deposits with Treasury, March 31st, 1956	
$1,408,047.32
562,510.77
353.76
13,572.22
31,538.13
$2,016,022.20
38,995,449.56
$41,011,471.76 CIVIL SERVICE SUPERANNUATION REPORT BB 9
PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Balance-sheet as at March 31st, 1956
Assets
Deposits with Treasury.
$38,995,449.56
$38,995,449.56
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions, other than prior-service portion.
Special Reserve Account	
Balance at credit of contributory accounts—
Employees' compulsory contributions	
Employees' voluntary contributions	
$10,636,959.03
4,018,555.78
Employer contributions
$11,309,872.38
1,703,067.84
$13,012,940.22
11,309,854.38
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 1	
Suspense Account, prepaid contributions	
24,322,794.60
17,038.42
101.73
$38,995,449.56
Present value of pensions in force as at March 31st, 1956:—
Pensions chargeable to Contributory Pensions Account   $ 10,157,000.00
Prior-service pensions  654,894.00
$10,811,894.00 BB  10
BRITISH COLUMBIA
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PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Comparative Statistics, April 1st, 1945, to March 31st, 1956, 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
4,896
4,812
75
4,936
61
1,467
13
1,567
1,902
2,473
2,885
3,027
3,086
3,283
3,194
2,936
221
3,247
187
) 137
231
217
216
219
369
416
311
353
] 340
1389
333
397
354
424
523
760
750
715
845
815
764
86
179
83
109
84
72
72
62
76
7fi
3
29
6
15
5
7
11
14
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21
19
23
24
15
21
28
23
32
23
29
1
4
1
3
1
4
2
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6
480
640
700
785
854
905
950
989
1,033
1,086
47
1946-47. ...	
72
1947-48	
1948-49  	
1949-50	
77
92
94
1950-51	
1951-52  	
1952-53.. 	
1953-54 	
1954-55 	
100
106
118
124
141
1
1955-56	
75
3
1 132   |    138
1 Non-active includes only those out of service less than three years.   Those out of service more than three years
listed on Schedule No. 1. BB  12
BRITISH COLUMBIA
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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, 1956
Name
Department
Amount
Allman, Mary Beatrice	
Armstrong, Mrs. Barbara Joan-
Arthur, Mrs. May 	
Blair, Annie..
Brindle, John Gibson	
Brown, Annie Thomson..
Brydon, Georgina	
Carey, Ruth E...
Christie, Hugh Graham-
Cochran, Wilbur..
Dickerson, John Walker	
Dutcher, Mrs. Ursula E	
Errington, Catherine Agnes..
Farion, Eleanor Agnes	
Fleming, Marion Thomson...
Fraser, R. B.    	
Gardner, Mrs. D. E. (nee WhitalO-
Geidt, Doreen M	
Greenlaw, K. K 	
Hawkins, Owen Rodney..
Hinds, Edward... 	
Hoyt, Kenneth Allan	
Hutton, Veronica A	
Kenney, Josephine M...
Jones, Susie G. E 	
Jonsson, Douglas William-
Lynn, Geo. William Zala	
Martin, Leslie C	
Mercer, A. L   _.
Maclnnes, William Hedley	
MacPherson, Mary Elizabeth-
McLaughlin, John Lloyd	
McLaughlin, Peter Michael	
Neilson, Mrs. Clarabelle	
Parker, James D	
Petto, Emma  	
Purves, Jack Alexander..
Raper, G. St. J 	
Romanchuk, Victoria—
Scott, Verna.
Spouse, William C	
Stanton, Lewis Edgar	
Swales, Leonard Herbert	
Taylor, George Robinson	
Torpy, Katherine	
Upham, Doris Elaine	
Wall, Katherine	
Wallis, Edward C 	
Wasson, Faith Lees	
Watson, Gordon Field	
Weir, Mrs. Elizabeth Nora-
Williams, E..
Wilson, Constance M.._
Total	
Less debit balance, Elgin G. Murphy-
Provincial Secretary _
Attorney-General	
Public Health	
Public Health	
Hospital Insurance	
Labour 	
Provincial Secretary-
Public Health	
Social Welfare	
Attorney-General	
Education	
Public Health ...
Public Utilities-
Agriculture 	
Public Health-
Forest Service	
Publ.'c Works-
Provincial Secretary-
Forest Service	
Lands	
Public Health	
Finance	
Trade and Industry	
Hospital Insurance —
Public Health	
Public Works	
Lands	
Public Health	
Forest Service	
Provincial Secretary-
Public Health	
Attorney-General	
Railways	
Public Health	
Lands	
Provincial Secretary-
Social Welfare	
Public Works	
Provincial Secretary__
Public Health	
Forest Service	
Provincial Secretary..
Attorney-General	
Attorney-General	
Public Health	
Provincial Secretary-
Public Health —
Provincial Secretary-
Education 	
Provincial Secretary-
Public Health	
Public Health	
Education	
Provincial Secretary ~
$659.27
19.42
1,408.07
2.71
313.88
712.51
9.63
148.62
942.40
117.21
1,213.90
5.97
346.63
436.81
545.98
21.42
4.77
483.12
35.74
164.82
11.34
8.28
447.79
440.14
772.66
12.72
103.73
13.06
3.38
2,218.45
11.48
29.20
273.68
24.16
20.43
6.95
437.62
16.00
5.04
1.89
2,656.48
179.90
109.15
751.35
32.61
342.11
29.10
85.62
194.93
6.20
324.45
1.75
4.11
$17,168.64
130.22
$17,038.42 CIVIL SERVICE SUPERANNUATION REPORT
PART II.—RETIREMENT FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 31st, 1956
BB 15
Revenue
Deposits with Treasury, April 1st, 1955	
Contributions as per requirements of the Act—
Employees—
Section 42 (1) and (2)  $577,469.83
Less net transfers to Superannuation
Fund (Part I)       23,939.02
$5,311,259.34
Section 16	
Section 42 (4), voluntary... $17,158.44
Add net transfers from
Superannuation Fund
(Part I)        1,677.32
$553,530.81
308.22
Contributions in Suspense Account
18,835.76
23.73
Employer—
Section 4 (2)_
Section 42 (3).
$210.00
553,343.06
Provided out of Consolidated Revenue pursuant to Schedule
C as per contra	
Interest received from Minister of Finance pursuant to section 43 	
$572,698.52
553,553.06
17,160.43
272,483.61
1,415,895.62
$6,727,154.96
Expenditure
Superannuation allowances—
Contributory pensions     $52,442.57
Provided out of Consolidated Revenue
pursuant to Schedule C as per contra       17,160.43
Refunds—
Section 36
Section 48 (1).
$128.94
184,867.79
$69,603.00
Administration expense pursuant to section 28	
Balance, deposits with Treasury, March 31st, 1956.
184,996.73
8,630.26
$263,229.99
6,463,924.97
$6,727,154.96 BB  16
BRITISH COLUMBIA
PART II.—RETIREMENT FUND—Continued
Balance-sheet as at March 3 1st, 1956
Assets
Deposits with Treasury.
$6,463,924.97
$6,463,924.97
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions	
Special Reserve Account	
Balance at credit of contributory accounts—
Employees' compulsory contributions	
Employees' voluntary contributions	
$403,747.87
991,085.29
Employer contributions
$2,507,935.88
49,982.91
$2,557,918.79
2,507,935.88
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 2	
Suspense Account, prepaid contributions	
5,065,854.67
3,213.41
23.73
$6,463,924.97
Present value of pensions in force, March 31st, 1956, $402,494. CIVIL SERVICE SUPERANNUATION REPORT
BB  17
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PART II.—RETIREMENT FUND—Continued
Comparative Statistics, May 1st, 1947, to March 31st,
Subdivided according to Sex of Contributor
1956,
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
2,200
57
2,386
34
12
17
78
39
66
70
125
156
16
150
14
87
322
350
576
637
306
256
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8
8
27
13
17
10
28
21
7
16
22
26
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3
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5
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7
23
43
68
79
94
113
128
141
1948^.9
1949 50
1950-51  _	
1951-52 _	
.._
1952-53.
15      I
1953-54	
1954-55                	
19
16
18
....
....
1955-56	
-
1 Non-active includes only those out of service less than three years.   Those out of service more than three years
listed on Schedule No. 2.
Comparative Statistics, May 1st, 1947, to March 31st, 1956—Allowances
Granted and in Force, Subdivided by Plan of Allowance
Granted during
Year
Expired during Year
In Force at End of Year
Fiscal Year
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1951-52   	
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1952-53—
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.... I.... 1.... 1.... 1.... 1.._
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1953-54—
1
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3
2
1
1
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93 | 12
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.... | 94 | 12
1954-55—
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7
2
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1955-56...	
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4
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4
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Totals	
4
—
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—
—
13
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4
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5
—
89
34 CIVIL SERVICE SUPERANNUATION REPORT
PART II.—RETIREMENT FUND—Continued
BB 19
Schedule No. 2.—Unclaimed Moneys in Retirement Fund at Credit of
Former Employees' Accounts as at March 3 1st, 1956
Name
Department
Amount
$4.54
18.23
Byers, D.               	
Public Works.    	
8.21
7.47
710.36
Public Works	
38.47
41.85
48.97
Fehr, G. L	
8.05
37.48
Franklin, A. E	
1.26
Forest Service   	
693.63
Hick, H  	
Finance     	
1.61
Holland, G. R	
10.45
2.11
Public Works       _ _	
43.88
Kent, W. A.
18.86
Knox, W. G.
5.09
Public Works.  	
42.15
3.78
Public Works     	
13.79
Public Works.	
53.58
Madge, Henry  _	
Public Works	
3.32
98.55
Public Works -...
14.15
48.45
Public Works   	
1.23
Palmer, B   _____	
Public Works  — 	
Public Works   —	
1.09
69.87
114.49
1.56
Schmidt, William L.
4.35
Schorn, George F.     _               	
Shaw, D. M.
172.79
1.43
155.41
.50
Smith, A._              	
9.63
Starkey, S. S.
Public Works     	
9.55
11.21
Templeman, E. B   	
14.36
279.11
11.59
Wilson, G.
22.78
Woolley, Ellis A.
Public Works    	
308.78
38.99
Wright, L. W  	
Public Works 	
6.40
$3,213.41
VICTORIA, B.C.
Printed by Don McD.armid, Printer to the Queen's Most Excellent Majesty
1957
160-257-6586 

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