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Twenty-second Annual Report of the Business Done in Pursuance of the CIVIL SERVICE SUPERANNUATION ACT… British Columbia. Legislative Assembly 1958

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Full Text

 PROVINCE OF BRITISH COLUMBIA
Twenty-second Annual Report
of the Business Done in Pursuance of the
CIVIL SERVICE
SUPERANNUATION ACT
for the
YEAR ENDED MARCH 31st
1957
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1958  To His Honour Frank Mackenzie Ross, C.M.G., M.C., LL.D.,
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 1956/57.
WESLEY D. BLACK,
Provincial Secretary.
Provincial Secretary's Office,
Victoria, B.C., January 24th, 1958. 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 1956/57.
I have the honour to be,
Sir,
Your obedient servant,
R. A. PENNINGTON,
Superannuation Commissioner.
January 23rd, 1958.
J SUPERANNUATION REPORT, 1956-57
REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE "CIVIL SERVICE
SUPERANNUATION ACT" DURING THE FISCAL YEAR 1956/57
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 $2,399,100.71 was received from employees, consisting of the
following:—
Compulsory and arrears contributions  $2,098,945.63
Voluntary contributions        292,226.44
Repayment of moneys withdrawn  7,815.73
Contributions in suspense  112.91
$2,399,100.71
During the year, employer contributions amounting to $2,099,057.61 were received
from the following sources:—
Minister of Finance  $2,088,754.00
Dyking districts   946.92
Employees' Association and Medical Services  2,011.07
University of British Columbia  7,345.62
$2,099,057.61
As at March 31st, 1957, there were 8,661 active contributors to the Fund, of which
1,872 have made special voluntary contributions. There were 1,287 making current
voluntary contributions. The remaining 585 have voluntary credits but have discontinued
voluntary contributions.
Section 13.—As at March 31st, 1957, deposits with the Treasury at credit of the
Civil Service Superannuation Fund amounted to $43,409,528.95.
Section 14.—Interest in the amount of $1,987,122.81 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, 1956, and October 1st, 1956, and credited as at
September 30th, 1956, and March 31st, 1957, respectively.
Section 15.—(1) («) A total of $826,237.05 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 $87,174.46.
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 AA 6 BRITISH COLUMBIA
Section 21.—(1) Superannuation allowances were granted to dependents of ten
employees who died while in service.
Section 23.—Refunds totalling $19,643.97 were made to the widow or estate in the
case of eight contributors who died while in service.
Section 24.—(1) Refunds totalling $591,155.41 were made to 1,179 contributors
who left the service of the Government.
(2) Superannuation allowances were granted to four employees pursuant to this
subsection.
(3) An amount of $35,498.24 was transferred to the contributors' credit in
Employees' Suspense Account in respect of thirty-four former employees who were out
of the service of the Government for more than three years.
Section 28.—Administration expenses amounting to $36,567.90 were paid from
Special Reserve pursuant to this section and apportioned as follows: Civil Service
Superannuation Fund, $28,978.22, and Retirement Fund, $7,589.68.
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 $3,927.72 was paid over to the Minister of Finance
from the account of seven former contributors in accordance with the provisions of this
section.
Schedule B.—An amount of $46,695.86 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-eight 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 $205,-
750.17. Employer contributions received amounted to $205,754.07, consisting of
$205,533.57 provided by the Minister of Finance and $220.50 provided by the Inspector
of Dykes and Commissioner of the dyking districts. Special voluntary contributions
received from employees amounted to $11,193.87. As at March 31st, 1957, there were
2,433 active contributors to the Fund.
Section 43.—Interest in the amount of $301,502.69 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 596 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 $261,596.03 were made to 362 contributors
who left the service of the Government.
Schedule C.—An amount of $16,444.81 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,
1956/57                       AA 7
Miscellaneous
Transfers from Special Reserve to
Contributory Pensions Account of Present Value of
Supplementary Service Bonuses, etc., Granted during the Fiscal Year 1956/57
Part I
Part II
Total
Section 51
$3,669.06
$3,669.06
185,123.59
Section 52
165,473.17
$19,650.42
Section 53
2,273.98
30,272.08
6,878.38
603.43
9,152.36
30,875.51
Section 54
$201,688.29
$27,132.23
$228,820.52
R. A. PENNINGTON,
Superannuation Commissioner.
-
»
-
■ AA 8
BRITISH COLUMBIA
PART I.—CIVIL SERVICE SUPERANNUATION FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 31st, 1957
Revenue
Deposits with Treasury, April 1st, 1956	
Contributions as per requirements of the Act—
Employees—
Sections 7 and 8 	
Add   net   transfers   from   Retirement
(Part II) 	
$38,995,449.56
Fund
Section 16 	
Section 11, voluntary   $284,187.45
Add net  transfers  from  Retirement Fund (Part II)         8,038.99
$1,683,247.31
415,698.32
$2,098,945.63
7,815.73
Contributions in Suspense Account.
292,226.44
112.91
$2,399,100.71
Employer—
Section
Section
Section
Section
Section
(2)_
(1)_
(2)_
(4)_
(8).
$946.92
2,086,590.53
2,163.47
2,011.07
7,345.62
Provided out of Consolidated Revenue pursuant to Schedule B and section 29 (2) as per contra.
2,099,057.61
46,695.86
Interest received from Minister of Finance pursuant to section 14     1,987,122.81
Transfers from the Members of the Legislative Assembly Superannuation Account pursuant to section 6 of the " Members of the Legislative Assembly Superannuation Act" in respect of three pensions
granted during year	
Transfers from Government of Canada Superannuation Fund pursuant
to agreement under section 39 (4)	
Received from Royal Canadian Mounted Police Pension Account in
respect of former members of the British Columbia Provincial
Police  	
10,374.84
6,297.02
1,498.04
6,550,146.89
$45,545,596.45
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
Section 36
$87,174.46
1,340,394.55
46,695.86
$1,474,264.87
$19,643.97
591,155.41
3,927.72
Transfers to British Columbia Power Commission Superannuation
Fund in respect of former contributors	
Transfers 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, 1957	
614,727.10
4,024.27
14,073.04
28,978.22
$2,136,067.50
43,409,528.95
$45,545,596.45 CIVIL SERVICE SUPERANNUATION REPORT,  1956/57
PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
Balance-sheet as at March 31st, 1957
Assets
AA 9
Deposits with Treasury
$43,409,528.95
$43,409,528.95
Liabilities
Contributory Pensions Account, being amount available for payment
of current pensions, other than prior-service portion  $11,188,102.63
Special Reserve Account       4,476,503.02
Balance at credit of contributory accounts—
Employees' compulsory contributions   $12,880,477.86
Employees' voluntary contributions        1,945,158.16
Employer contributions
$14,825,636.02
12,880,477.86
27,706,113.88
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 1   38,696.51
Suspense Account, prepaid contributions  112.91
$43,409,528.95
Present value of pensions in force March 31st, 1957:—
Pensions chargeable to Contributory Pensions Account   $10,755,233.00
Prior-service pensions chargeable to Special Reserve
Account  640,75 6.00
$11,395,989.00 AA 10
BRITISH COLUMBIA
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PART I.—CIVIL SERVICE SUPERANNUATION FUND—Continued
AA 11
Comparative Statistics, April 1st, 1945, to March 3 1st, 1957, Subdivided
according to sex of contributor
Fiscal Year
Number of
Contributors
Male
Female
Number of
Refunds
Granted
Male
Female
Allowances
Number of
Allowances
Granted
Male    Female
Number of
Deaths and
Expirations
Male    Female
Number of
Allowances
in Force at
End of Year
Male    Female
1945/46	
Enlisted..
1946/47	
1947/48	
1948/49	
1949/50.	
1950/51	
1951/52.	
1952/53	
1953/54 	
1954/55	
Non-active1..
1955/56..
Non-active1..
1956/57..
Non-active1..
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
5,406
136
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
3,255
290
) 137
231
217
216
219
369
416
311
353
) 340
j 389
) 442
333
397
354
424
523
760
750
715
845
815
764
749
86
178
83
109
84
72
72
62
76
76
75
83
30
6
15
5
7
11
14
6
20
3
3
21
19
23
24
15
21
28
23
32
23
29
33
480
639
699
784
853
904
949
988
1,032
1,085
1,131
1,181
47
73
78
93
95
101
107
119
125
142
139
137
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. AA 12
BRITISH COLUMBIA
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1947
1948
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1949
1950
1951 CIVIL SERVICE SUPERANNUATION REPORT,  1956/57
AA  13
i i i
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Oft AA 14 BRITISH COLUMBIA
PART I.—CIVIL SERVICE SUPERANNUATION FUND-r-Continued
Schedule No. 1.—Unclaimed Moneys in the Civil Service Superannuation Fund
at Credit of Former Employees' Accounts as at March 31st, 1957
Name
Department
Abbot, Mrs. Laura H	
Abernethy, Mrs. Hilda Margaret.
Allman, Mary Beatrice..
Applewhaite, John Hay Augustus-
Armstrong, Mrs. Barbara Joan	
Black, James Murray	
Blair, Annie	
Brown, Annie Thomson-
Brydon, Georgina..
Christie, Hugh Graham-
Cresswell, Mrs. Ruth_	
Dutcher, Mrs. Ursula E	
Errington, Catherine Agnes..
Erwin, Florence Mary	
Fleming, Marion Thomson-..
Fraser, R. B 	
Froment, Marie T. J..
Gardner, Mrs. D. E.„
Greenlaw, K. K	
Hinds, Edward..
Horan, Mary Marjorie..
Hoyt, Kenneth Allan-
Hutchison, Georgina Forbes..
Johnston, Pamela Douglas.—
Jones, Griffith	
Jones, Susie G. E	
Jonsson, Douglas William	
Karall, Mrs. Erie Marguerite-
Kenney, June Clare 	
Martin, Leslie C 	
Mercer, A. L	
Morrow, Heather	
Maclnnes, William Hedley-
McLaughlin, John Lloyd—
Neilson, Mrs. Clarabelle	
Packer, Mrs. Mona	
Parker, James D	
Pashley, Mrs. Kathleen Vivian Millicent-
Petto, Emma  __
Phillips, Mrs. Edna May	
Purves, Jack Alexander	
Putnam, Mrs. Morse Inez—.
Rankin, Dorothy Margaret-
Raper, G. St. J	
Romanchuk, Victoria-
Scott, Verna..
Spouse, William Collin-
Stanton, Lewis Edgar-
Stewart, Mrs. Rhoda Lenore-
Swales, Leonard Herbert	
Taylor, George Robinson	
Thompson, Dr. Morley A	
Torpy, Katherine	
Wall, Katherine  _
Wallis, Edward C —
Watson, Gordon Field. 	
Westlin, Mrs. Solvei J 	
Wiens, Violet	
Williams, E 	
Wilson, Constance M	
Woodward, Helen Mary Eugenie..
Yole, Mrs. Mary Quentry	
Total-   	
Public Health-
Finance	
Provincial Secretary-
Forest Service	
Attorney-General	
Mines	
Public Health	
Labour	
Provincial Secretary-
Social Welfare	
Public Health	
Public Health	
Public Util.ties	
Public Health	
Public Health	
Forest Service	
Provincial Secretary-
Public Works	
Forest Service	
Public Health	
Public Health	
Finance	
Public Health- 	
Social Welfare	
Finance	
Public Health	
Public Works	
Social Welfare	
Hospital Insurance-
Public Health	
Forest Service	
Hospital Insurance-
Provincial Secretary-
Attorney-General	
Public Health	
Social Welfare	
Lands	
Public Health	
Provincial Secretary..
Provincial Secretary ~
Social Welfare	
Public Health	
Social Welfare	
Public Works	
Provincial Secretary-
Public Health	
Forest Service	
Provincial Secretary-
Education  	
Attorney-General	
Recreation and Conservation-
Public Health	
Public Health	
Public Health	
Provincial Secretary_.
Provincial Secretary-
Finance—  	
Provincial Secretary_
Public Health	
Education	
Education 	
Provincial Secretary	
$26.95
294.48
659.27
2,371.52
19.42
2,026.69
2.71
712.51
9.63
942.40
800.80
5.97
346.63
37.57
545.98
21.42
9.53
4.77
35.74
11.34
902.76
8.28
29.16
75.01
2,460.33
772.66
12.72
368.19
440.14
13.06
3.38
342.88
2,218.45
29.20
24.16
744.20
20.43
135.14
6.95
262.79
437.62
3,378.41
244.88
16.00
5.04
1.89
2,656.48
179.90
2,695.79
109.15
751.35
7,134.41
32.61
29.10
85.62
6.20
463.56
45.73
1.75
4.11
1,304.49
1,357.20
$38,696.51 CIVIL SERVICE SUPERANNUATION REPORT,  1956/57
PART II.—RETIREMENT FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 31st, 1957
AA 15
Revenue
Deposits with Treasury, April 1st, 1956	
Contributions as per requirements of the Act—
Employees—
Section 42 (1) and (2)	
$6,463,924.97
  $621,448.49
Less net transfers to Superannuation Fund (Part I)    415,698.32
Section 42 (4), voluntary  $19,232.86
Less net transfers  to  Superannuation
Fund (Part I)        8,038.99
Contributions in Suspense Account.
Employer—
Section 4 (2) _.
Section 42 (3)
$205,750.17
11,193.87
7.89
$220.50
205,533.57
$216,951.93
205,754.07
Provided out of Consolidated Revenue pursuant to Schedule C as per
contra        16,444.81
Interest received from Minister of Finance pursuant to section 43     301,502.69
740,653.50
$7,204,578.47
Expenditure
Superannuation allowances—
Contributory pensions      $64,819.52
Provided  out  of  Consolidated  Revenue pursuant  to
Schedule C as per contra       16,444.81
Refunds—
Section 48 (1)
Suspense 	
$261,596.03
17.73
Transfers 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, 1957	
$81,264.33
261,613.76
1,743.86
7,589.68
$352,211.63
6,852,366.84
$7,204,578.47 AA  16
BRITISH COLUMBIA
PART II.—RETIREMENT FUND—Continued
Balance-sheet as at March 31st, 1957
Assets
Deposits with Treasury
$6,852,366.84
$6,852,366.84
Liabilities
Contributory Pensions Account, being amount available for payment of
current pensions	
Special Reserve Account	
Balance at credit of contributory accounts—
Employees' compulsory contributions  $2,520,656.80
Employees' voluntary contributions  54,007.47
$484,053.42
1,266,638.14
Employer contributions
$2,574,664.27
2,520,656.80
Employees' Suspense Account, unclaimed moneys at credit of former
employees' accounts, as per Schedule No. 2	
Suspense Account, prepaid contributions	
5,095,321.07
6,346.32
7.89
$6,852,366.84
Present value of pensions in force, March 31st, 1957, is $487,055. CIVIL SERVICE SUPERANNUATION REPORT,  1956/57
AA 17
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BRITISH COLUMBIA
PART II.—RETIREMENT FUND—Continued
Comparative Statistics, May 1st, 1947, to March 31st, 1957, Subdivided
according to sex of contributor
Fiscal Year
Number of
Contributors
Male      Female
Number of
Refunds
Granted
Male      Female
Allowances
Number of
Allowances
Granted
Male      Female
Number of
Deaths and
Expirations
Male     Female
Number of
Allowances in
Force at End
of Year
Male     Female
1947/48	
1948/49	
1949/50	
1950/51	
1951/52	
1952/53	
1953/54	
1954/55	
Non-active1-
1955/56	
Non-active1..
1956/57	
Non-aclive1-
1,563
2,100
2,346
2,340
1,886
1,701
1,878
2,200
57
2,386
34
2,331
98
12
17
78
39
66
70
125
156
16
150
14
102
26
87
322
350
576
637
306
256
) 238
(
| 316
]
} 332
1
27
13
17
10
28
21
30
7
16
22
26
14
15
19
16
18
18
7
23
43
68
79
94
113
128
141
158
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, 1957—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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7
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22
26
14
—
2
1
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—
7
23
43
68
79
1948-49                       ,   	
1949 50___.          	
- I __
1950-51 	
1951-52.  	
1952-53—
Normal retirement	
Death 	
....
1         l        -
13
1
-
.... 1 _
._. 1....
1
92
1
Totals    —
.... |    1 | ....
14
-
_  | -- | .... | .... | .... | -
.... 1 _
1
....
93  | __
1953-54—
3
1       1
2 |    1     ....
1
12
....
-
1     1
.... | .... | ....
__. | „ | _
-
I
3 j    2
2
....
....
93
1
12
Death 	
Totals	
3
21    1  | ....
1
12
_
_ | _ | .... | .... | ....
3 |    2
2
_
94
12
1954-55—
2
1
2 |    2
.._ | ....
-
-
9
1
-
1
1
-
....
5
4
4
-
92
1
71
Tletith
1
Totals   	
2
2 |    2 | __
-
10
_
-_. | _ | ....
1
....
5 |    4
4
__
93
22
1955-56   _
4
41
-i-
—
—
13
—
—
-
—
4
1
1
9 |    4
.... | _
s
-
-
Normal retirement _
Death                   	
88 | 33
1 1    1
4
-i i
_..
—
13
_ | - | _
—
4
1
9 |    4
5
89
34
1956-57—
i
2
—
-
15
—
—
—
1
—
9
5
7
—
87
1
48
Death 	
1
Totals-	
i
2
....
—
15
—
—
—
—
1
—
9
5
7
....
88
49 CIVIL SERVICE SUPERANNUATION REPORT,  1956/57
PART II.—RETIREMENT FUND—Continued
AA 19
Schedule No. 2.—Unclaimed Moneys in Retirement Fund at Credit of
Former Employees' Accounts as at March 31st, 1957
Name
Department
Amount
$4.54
Barker, B. J  _  _._ ___ _ _
1.13
26.40
18.23
Public Works  _ _	
8.21
7.47
38.47
41.85
48.97
Public Works  _	
5.30
Fehr, G. L -       :.
8.05
37.48
Franklin, A. E.	
1.26
2,105.65
693.63
Hick, H.          ,_                    	
1.61
Holland, G. R._  "" .:
10.45
2.11
Public Works  •	
43.88
Kent, W. A.
18.86
Knox, W. G.   . ~           -
5.09
42.15
3.78
Public Works.. _- -        	
13.79
53.58
Madge, Henry— ,„    	
Public Works     _	
3.32
14.15
48.45
1.23
49.69
Palmer, B.
Public Works	
1.09
107.04
69.87
60.22
114.49
1.56
90.84
85.84
Shaw, D. M -	
1.43
155.41
Public Works     	
.50
9.63
9.55
11.21
14.36
Wallace, Robert                            	
279.11
11.59
Wilson, G.                      _   -          	
22.78
Woolley, Ellis A.                            -
308.78
38.99
Wright, L. W.                                                 "       . -   -
6.40
York, Arthur Dickey    __	
1,586.85
Total
$6,346.32
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1958
160-158-3818 

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