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Seventeenth Annual Report of the Business Done in Pursuance of the TEACHERS' PENSIONS ACT for the Period… British Columbia. Legislative Assembly 1959

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Full Text

 PROVINCE OF BRITISH COLUMBIA
Seventeenth Annual Report
of the Business Done in Pursuance of the
TEACHERS' PENSIONS
ACT
for the Period
JANUARY 1st TO DECEMBER 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.,
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 "Teachers' Pensions Act" during the period January 1st, 1957, to December
31st, 1957.
WESLEY D. BLACK,
Provincial Secretary.
Provincial Secretary's Office,
Victoria, B.C., November 21st, 1958.
224206 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 "Teachers' Pensions Act" during the period January 1st, 1957, to
December 31st, 1957.
I have the honour to be,
Sir,
Your obedient servant,
W. H. FORREST,
Commissioner of Teachers' Pensions.
November 21st, 1958. "TEACHERS' PENSIONS ACT"
ANNUAL REPORT
REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE " TEACHERS'
PENSIONS ACT" DURING THE PERIOD JANUARY 1st, 1957, TO
DECEMBER 31st, 1957.
Section 4.—Superannuation-allowance payments pursuant to this section amounted
to $91,299.18. The Minister of Finance reimbursed the Fund by the amount of
$56,848.07 in accordance with the provisions of subsection (4). The increases pursuant to subsection (5), amounting to $34,451.11, were paid from the Service Pensions
Account. As at December 31st, 1957, there were 114 persons in receipt of allowances
under this section.
Section 6.—Contributions received from teachers amounted to $2,671,637.91,
consisting of ordinary contributions of $2,243,943.86, special 1-per-cent contributions
of $425,782.50, and individual contributions for service-pension credits pursuant to
subsection (6) of $1,911.55. As at December 31st, 1957, there were 11,727 active
contributors to the Fund.
Section 8.—Employer contributions received pursuant to this section amounted to
$2,555,055.23.
Section 11.—Superannuation allowances were granted to fifty-three teachers who
attained retirement age. For analysis see statements of comparative statistics appended
hereto.
Section 15.—Superannuation allowances were granted to four teachers who had
become totally and permanently disabled.
Section 16 (1), (2), and (6).—Superannuation allowances were granted to the
dependent in the case of six teachers who died while still in service.
Section 16 (4) and (5).—Refunds amounting to $25,188.24 were made in the case
of fourteen teachers who died while still in service.
Section 18 (1) and (2).—Refunds amounting to $274,742.03 were made to 590
teachers who left the service of their employers. In addition to the number of teachers
who received a refund, there are 339 (94 males and 245 females) who, between January
1st, 1953, and December 31st, 1957, had been absent for more than two school-years,
and had no refundable credit on termination, as they had only one year of service or less.
Section 23.—Administration expenses paid from the Fund amounted to $43,501.27.
Section 26.—During the year two meetings of the Teachers' Pensions Board were
held, at which twenty-five individual cases were dealt with.
Section 31.—The securities held by the Trustees on December 31st, 1957, are set
out in Schedule No. 1 of this Report. During the year $9,117,000 par value bonds were
purchased, the average yield being 5 per cent; $2,064,000 par value bonds were sold at
an average yield of 4.60 per cent; and $1,391,000 par value bonds were redeemed,
resulting in a net increase of $5,662,000 par value bonds held by the Trustees between
December 31st, 1956, and December 31st, 1957. Prices paid for securities bought or
sold are determined by market conditions at the time of transfer. Every effort is made
to invest the funds as soon as they become available and at the maximum yield possible
at the time of purchase.
W. H. FORREST,
Commissioner of Teachers' Pensions.
5 K 6 BRITISH COLUMBIA
TEACHERS' PENSIONS FUND
Statement of Revenue and Expenditure for the Year Ended
December 31st, 1957
Revenue
Contributions as per requirements of the " Teachers' Pensions Act"—
Employees, section 6—
Contributions for retirement annuities   $2,243,943.86
Contributions, special 1-per-cent—_       425,782.50
Contributions for service pensions
pursuant to subsection (6)  1,911.55
  $2,671,637.91
Employers, section 8     2,555,055.23
Minister of Finance, section 4 (4) (as per contra)  56,848.07
Interest on investments and bank interest     1,207,250.75
$6,490,791.96
Expenditure
Superannuation allowances—
Payable from Teachers' Pensions Fund—
Service pensions      $655,131.19
Section 4 (5) increases  34,451.11
$689,582.30
Retirement annuities         193,356.77
$882,939.07
Payable by Minister of Finance—Section 4 (4) (as per contra)  56,848.07
$939,787.14
Refund of employees' contributions—
Section 16 (4)  $17,433.61
Section 16 (5)  7,754.63
Section 18 (1)  270,935.10
Section 18 (2)  3,806.93
299,930.27
Administration expenses, section 23  43,501.27
     1,283,218.68
Net increase of ledger assets  $5,207,573.28 TEACHERS' PENSIONS ACT—ANNUAL REPORT
K 7
TEACHERS' PENSIONS FUND
Balance-sheet as at December 31st, 1957
Assets
General Trustees'
Account Account Total
Cash in bank     $60,210.72 $1,400.25 $61,610.97
Accounts receivable—
Due from employees _____ $222,318.85
Due from employers       66,033.98
Due from Minister of Finance, section 4 (4)__      28,148.72
     316,501.55      316,501.55
Investments at cost or par — net after
amortization of premiums and discounts (see Schedule No. 1)     38,186,690.44    38,186,690.44
(Par value, $38,741,500;   market
value, $36,288,611.)
Accrued interest on investments    371,666.26 371,666.26
$376,712.27 $38,559,756.95 $38,936,469.22
Liabilities
Employees' Retirement Annuity Account  $17,841,519.60
Employers' Service Pension Account  21,055,092.15
Accounts payable—Administration expenses  39,857.47
Approved.
W. H. Forrest,
Superannuation Commissioner.
$38,936,469.22
G. S. Soutar,
Accountant.
I certify that the accounts of the Commissioner and Trustees of the Teachers' Pensions Fund for
the year ended December 31st, 1957, have been examined under my direction.
The liabilities in respect of Employees' Retirement Annuity Account and Employers' Service
Pensions Account are stated at book value. Under the terms of section 36 (1) of the "Teachers'
Pensions Act, 1940," chapter 334, R.S.B.C. 1948, an actuarial valuation of these liabilities was made
as at December 31st, 1955, showing a surplus on Service Pensions Account.
Subject to the foregoing remarks, I certify that the above balance-sheet is, in my opinion, properly
drawn up so as to exhibit a true and correct statement of the affairs of the Fund according to the best
of my information and the explanations given to me and as shown by the books of the Fund.
Victoria, B.C., November 20th, 1958.
C. J. Ferber, C.A.,
Comptroller-General, Province of British Columbia. K 8
BRITISH COLUMBIA
SCHEDULE No.  1, TEACHERS' PENSIONS FUND
Trustees of the Teachers' Pensions Fund and the Minister of Finance
for the Province of British Columbia
Securities Held as at December 31st, 1957
Description
Date of
Maturity
Par Value
Cost Price
Book Value
Government of Canada—
3% bonds          -	
June    1,1960
$31,000.00
$29,295.00
$29,784.70
3% bonds                            - 	
Feb.    1, 1962
2,005,000.00
1,950,650.00
1,973,045.32
3% bonds
Sept.   1, 1966
487,000.00
461,003.75
470,168.85
Guaranteed by Government of Canada—
Canadian National Railway Company—
3% bonds     -   _ - 	
Jan.     3, 1966
130,000.00
126,000.00
127,792.70
2%% bonds     —
Jan.     2, 1967
128,000.00
119,930.00
123,304.54
Sept. 15, 1969
425,000.00
401,562.50
409,943.97
48,168.10
Jan.   16,1971
50,000.00
350,000.00
47,250.00
369,125.00
3%% bonds   	
Feb.    1, 1974
365,661.34
Province of British Columbia—
2%% bonds                                                       	
Oct.   15, 1959
5,000.00
4,931.25
4,989.44
41/.% bonds-   —- _	
Apr.    1, 1960
500.00
558.13
507.69
2%% bonds                       	
Oct.   15, 1963
100,000.00
99,500.00
99,817.90
June 15,1964
552,000.00
544,396.25
548,666.87
July     1, 1964
700,000.00
683,410.00
692,815.54
2%% bonds                                         	
Apr.  15, 1966
228,000.00
221,835.00
225,098.68
2% % bonds                                     	
Oct.   15, 1966
56,000.00
52,970.00
54,536.18
2.4% bonds                       - -	
Jan.   15, 1967
489,000.00
480,440.50
484,895.28
2%% bonds                       	
Feb.    1, 1967
400,000.00
400.000.00
400,000.00
2.4% bonds _ -	
May  15, 1967
310,000.00
310,000.00
310,000.00
2%% bonds- _ - - - -	
June 15,1968
184,000.00
178,443.75
181,151.54
3% bonds	
June 15,1968
658,000.00
642,126.25
648,466.78
3% bonds	
July    2, 1968
300,000.00
297,780.00
298,834.35
2%% bonds                          -          	
July    2, 1968
200,000.00
200,000.00
200,000.00
3% bonds	
Dec.  15, 1969
1,468,500.00
1,452,943.75
1,459,125.80
3% bonds - _	
July   31, 1970
2,075,000.00
2,058,400.00
2,065,504.80
3 % bonds-- - -	
Aug. 10, 1970
410,000.00
406,720.00
408,119.77
2%% bonds- - _ - - 	
Oct.     1, 1971
750,000.00
750,000.00
750,000.00
2%% bonds       - 	
Sept. 26, 1972
200,000.00
200,000.00
200,000.00
3% bonds                                             	
Feb.    1, 1974
725,000.00
703,250.00
711,006.00
Guaranteed by Province of British Columbia—
British Columbia Power Commission—
Oct.     1, 1967
513,000.00
484,466.25
495,811.30
Nov.   1, 1968
919,500.00
886,162.88
898,842.70
3.4% bonds
July    4, 1975
650,000.00
645,125.00
645,731.49
3%% bonds                                    	
Sept. 15, 1991
1,665,000.00
1,665,000.00
1,665,000.00
May 21, 1992
533,000.00
533,000.00
533,000.00
June 15,1992
413,000.00
413,000.00
413,000.00
Sept. 15, 1992
648,000.00
648,000.00
648,000.00
Sept. 15, 1992
2,120.000.00
2,035,412.00
2,036,015.51
Pacific Great Eastern Railway Company—
4%% bonds- - -	
Dec.  15, 1987
925,000.00
912,050.00
912,063.02
Vancouver and Districts Joint Sewerage and Drain
age Board—
Sept.   1, 1959
May    1, 1962
Sept.    1, 1962
Sept.    1, 1962
11,000.00
3,000.00
3,000.00
2,000.00
12,650.00
3,195.00
3,521.70
2,505.00
11,164.75
3,043.76
5% bonds                      _	
3,124.72
5 Vi % bonds- -    ,.
2,119.70
May    1, 1963
May    1,1964
Sept.    1, 1965
2,000.00
5,000.00
7,000.00
2,140.20
5,389.00
8,202.50
2,037.34
5,118.59
4I/_% bonds- -    - -   -	
7,440.99
Mar.    1, 1968
3,000.00
3,475.00
3,199.14
5% bonds	
Sept.    1, 1969
18,000.00
22,390.25
19,936.94
Sept.    1, 1970
1,000.00
1,157.90
1,072.25
School District No. 1 (Fernie)—
Sept. 15, 1959-72
246,000.00
247,894.20
246,000.00
School District No. 4 (Windermere)—
3%% bonds - -- -   --
Aug.    1, 1958-76
152,000.00
145,581.04
145,581.04
School District No. 6 (Kootenay Lake) —
4Vi% bonds  _  -   	
July   15, 1959-72
160,000.00
160,000.00
160,000.00
School District No. 7 (Nelson) —
4V4% bonds - _ - — -	
July   15,1959-72
1,486,000.00
1,486,000.00
1,486,000.00
School District No. 9 (Castlegar)—
314% bonds- _ - 	
June    1, 1960-63
f       60,000.00
1,     133,312.50
133,424.25
and 1970-74
{       75,000.00
S
3*4% bonds- - - _ -	
Oct.   15, 1960-74
75,000.00
73,852.50
73,948.74 TEACHERS' PENSIONS ACT—ANNUAL REPORT
K 9
SCHEDULE No.  1, TEACHERS' PENSIONS FUND—Continued
Description
Date of
Maturity
Par Value
Cost Price
Book Value
Guaranteed by Province of British Columbia—Continued
School District No. 11 (Trail)—
June
Oct.
Oct.
May
Apr.
Apr.
Apr.
June
May
Aug.
May
Dec.
Oct.
May
Aug.
May
Sept.
Apr.
May
Aug.
Apr.
June
Sept.
Oct.
May
Oct.
Nov.
Aug.
Apr.
Aug.
Apr.
June
Dec.
Oct.
May
Aug.
Dec.
Oct.
May
Apr.
Dec.
Dec.
Nov.
Aug.
Apr.
Dec.
1, 1960-74
15, 1960-74
15,1960-74
1, 1966-75
15, 1963-77
15, 1958-77
15, 1963-77
1, 1960-69
1, 1966-75
1, 1958-76
1, 1966-75
15, 1963-77
15, 1960-74
1, 1966-75
1, 1958-76
1, 1966-75
15, 1966-75
15,1968-77
1, 1958-65
1, 1962-65
15, 1958-77
1, 1959
1, 1959-73
15,1960-74
1, 1966-75
15, 1963-74
1, 1960-73
1, 1958-76
15,1958-77
1,1958-76
15,1958-77
1, 1970-74
15, 1963-77
15,1960-74
1, 1967-75
1, 1958-76
15,1963-77
15,1960-74
1, 1966-75
15,1963-77
15, 1963-77
1,1960-73
1, 1965-67
1, 1958-76
15, 1958-77
15, 1963-77
$345,000.00
75.000.00
95,000.00
60,000.00
50,000.00
92,000.00
96,000.00
161,000.00
150,000.00
161,000.00
85,000.00
315,000.00
225,000.00
100,000.00
237,000.00
100,000.00
255,000.00
121,000.00
600,000.00
100,000.00
593,000.00
40,000.00
150,000.00
566,000.00
125,000.00
228,000.00
840,000.00
285,000.00
727,000.00
285,000.00
109,000.00
42,000.00
225,000.00
178.000.00
90,000.00
285,000.00
315,000.00
120,000.00
120,000.00
157,000.00
319,000.00
392,000.00
72,000.00
285,000.00
120,000.00
224,000.00
$340,283.85
73,852.50
93,546.50
60,000.00
48,755.00
90,114.00
93,609.60
158,799.13
150,000.00
154,200.97
85,000.00
308,419.65
221,557.50
100,000.00
226,991.49
100,000.00
253,521.00
117,539.40
610,362.00
100,000.00
580,843.50
39,453.20
151,155.00
557,340.00
125,000.00
224,511.60
864,612.00
272,964.45
712,096.50
272,964.45
106,765.50
41,425.86
220,299.75
175,276.60
90,000.00
272,964.45
308,419.65
118,164.00
120,000.00
153,090.70
312,336.09
403,485.60
74,109.60
272,964.45
117,540.00
219,320.64
$340,804.46
3*4% bonds  	
73,948.74
School District No.
3*4% bonds	
14 (Southern Okanagan)—
93,670.94
3*4% bonds   	
60,000.00
School District No
4%% bonds..	
17 (Princeton) —
48,755.00
School District No
434% bonds
18 (Golden)—
90,114.00
School District No
4%% bonds	
20 (Salmon Arm)—
93,609.60
School District No.
314% hnnris
24 (Kamloops)—
159,143.38
3*4% bonds  	
150,000.00
School District No.
3%% bonds	
26 (Birch Island)—
154,200.97
School District No
3*4% bonds	
32 (Fraser Canyon) —
85,000.00
School District No.
4*4% bonds	
35 (Langley)—
308,419.65
School District No.
3*4% bonds	
36 (Surrey)—
221,846.23
3*4% bonds  	
100,000.00
School District No
334% bonds-	
37 (Delta) —
226,991.49
School District No.
3*4% bonds
3*4% bonds	
38 (Richmond)—
100,000.00
253,544.93
434% bonds  	
117,539.40
600,000.00
School District No.
3*4% bonds	
39 (Vancouver)—
4*4% bonds 	
100,000.00
School District No
434% bonds	
41 (Burnaby)—
580,843.50
39,615.73
150,000 00
3*4% bonds  _ 	
4*4 % bonds — 	
3*4% bonds  	
558,001.14
125,000.00
224,754.98
3 *4 % bonds 	
School District No
3*4% bonds	
43 (Coquitlam)—
School District No
4*4% bonds
334% bonds	
44 (North Vancouver)—
840,000.00
272,964.45
434 % bonds   	
712,096.50
School District No.
334% bonds	
45 (West Vancouver)—
272,964.45
106,765.50
41,471.66
220,299.75
175,504.72
90,000.00
272,964.45
308,419.65
118,307.06
120,000.00
153,090.70
312,336.09
392,000 00
434% bonds  _	
3*4% bonds	
School District No
4*_% bonds	
46 (Sechelt) —
School District No
314% bonds	
47 (Powell River)—
3*4% bonds	
School District No.
334% bonds	
48 (Howe Sound)—
41A% bonds	
School District No
3*4% bonds	
49 (Ocean Falls)—
3*4% bonds	
School District No.
434% bonds	
50 (Queen Charlotte) —
School District No.
4*4% bonds	
53 (Terrace) —
School District No.
4*4% bonds	
54 (Smithers)—
School District No.
4*4% bonds	
56 (Vanderhoof)—
72,000.00
272,964.45
School District No.
334% bonds	
57 (Prince George) —
434 % bonds _	
117,540.00
219,320.64
4*4 % bonds   	 K 10 BRITISH COLUMBIA
SCHEDULE No.  1, TEACHERS' PENSIONS FUND—Continued
Description
Date of
Maturity
Par Value
Cost Price
Book Value
Guaranteed by Province of British Columbia—Con
tinued
School District No. 61 (Victoria) —
4*4 % bonds _ _	
Sept.
15, 1965-68
$65,000.00
$65,500.50
$65,000.00
School District No. 62 (Sooke) —
4*4% bonds  	
Oct.
15, 1964-68
121,000.00
121,931.70
121,000.00
School District No. 63 (Saanich) —
334% bonds  	
Aug.
1, 1958-76
380,000.00
363,952.60
363,952.60
434 % bonds 	
Apr.
15,1958-77
103,000.00
100,888.50
100,888.50
School District No. 65 (Cowichan) —
334% bonds _	
1,1958-76
237,000.00
226,991.49
226,991.49
179,248.50
434% bonds                                  _.
15,1958-77
183,000 00
179,248.50
School District No. 70 (Alberni) —
3*4% bonds                          	
Sept.
15,1966-75
1, 1958-76
120,000.00
285,000.00
119,304.00
272,964.45
119,315.24
272,964.45
334% bonds	
Aug.
434 % bonds ..	
Apr.
15, 1958-77
309,000.00
302,665.50
302,665.50
4*4% bonds   ■
Dec.
15, 1963-77
181,000.00
177,218.91
177.218.91
School District No. 73 (Alert Bay)—
434 % bonds  	
Apr.
15, 1963-77
116,000.00
113,111.60
113,111.60
School District No. 77 (Summerland) —
434 % bonds _ -	
Apr.
15, 1958-77
115,000.00
112,642.50
112,642.50
School District No. 80 (Kitimat) —
3*4% bonds                                                 	
June
1, 1960-74
345,000.00
340,687.50
340,980.87
University Hill Rural School District—
434 % bonds  	
Apr.
15,1958-77
119,000.00
116,560.50
116,560.50
Village of Fort St. John—
5% bonds	
Sept.
1,1958-77
225,000.00
220,320.00
220,320.00
Village of Mission City—
4*4 % bonds	
15,1958-76
587,000 00
567,863.80
567,863.80
Village of North Kamloops—
4*4% bonds   --	
Apr.
1, 1958-77
260,000.00
250,302.00
250,302.00
4*4 % bonds	
Apr.
1, 1958-77
70,000.00
67,851.00
67,851.00
Village of Qualicum Beach—
3*4% bonds  -	
Sept.
1, 1961-70
63,000.00
64,946.70
63,000.00
Village of Salmo—
434% bonds                                             .     	
Sept.
1, 1958-77
135,000.00
128,587.50
128,587.50
Village of Smithers—
Aug.
1,1958 76
23,000.00
20,826.50
20,826.50
Village of Telkwa—
4*4 % bonds - .... 	
Dec.
31,1958-76
81,000.00
76,658.40
76,658.40
Village of Westview—
3*4% bonds
30,1966-70
45,000.00
46,125.00
45,000.00
Village of Williams Lake—
3*4% bonds                                                  	
July
1, 1966-75
78,000.00
79,755.00
78,000.00
Saltair Waterworks District—
5% bonds - -	
July
1,1958-73
68,000.00
66,844.00
66,844.00
$38,741,500.00
$38,123,408.38
$38,186,690.44 TEACHERS' PENSIONS ACT—ANNUAL REPORT
K 11
>/-.
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^
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o
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■<*
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SC
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xt
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«n
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cr
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ZWZ K 12
BRITISH COLUMBIA
SCHEDULE No. 3, TEACHERS' PENSIONS FUND
Comparative Statistics, January 1st, 1948, to December 31st, 1957—Allowances Granted and in Force, Subdivided by Type and Plan of Allowance
In Force at Beginning
Granted during
Expired during
In Force at End
of Year
Year
Year
of Year
Fiscal Year
o
■u
>,
<D
•3
>»
_>
Guaran
>,
u
XI
>.
u
3
o
IB
3
o
V
a
3
X)
•a
2*
0.3
g.3
3
teed1
3
•a
u
ja
0.3
3.3
3
3
•a
->
ta
0.3
U3
60
.a
o
£ 9
eo
H a
60
P a
rt
E a
a
35
3
O
a
a
in
3
0
0
S   B 2
.3
(a)
(b)
o
H    S3 a
3
CO
3
0
o
s
u 3
1948—
Normal retirement
212
118
45
13
12
17
2
5
1
1
3
1
	
219
133
44
12
Disability	
73
22
13
2
2
3
....
	
72
24
13
Death	
45
—
—
—
9
.._
1
-
...-
._.
—
—
53
.._
Totals	
330 |140
58
13
—
23 |  19
2|_.
—-
9
1
1
3
1
—
344 |157 | 57 |  12
1949—
|
Normal retirement
219 |133
44
12
18
16
4
	
	
9
	
1
	
	
228
149
47
12
	
Disability _ _
72 | 24
13
_
1
	
	
2
	
	
	
	
70
24
14
	
Death	
53 | ....
7
_
....
....
1
_
....
....
._.
59
—
Totals	
344 |157
57
12 1 ....
25 |  16
5
.._
—
12 | ._.
.._
1
....
—
357 |173 | 61 |  12
1950—
Normal retirement
228
149
47
12
19
17
3
8
1
2
239
165    48
12
	
Disability—	
70
24
14
2
5
	
	
3
1
	
	
69
28    14
	
	
Death _.	
59
3
....
_
3
....
—
—
59
....    ....
—
Totals	
357 |173
61
12 ] ....
24
22
3 | ....
14
_|    2
2|-
.._
367 1193 | 62
12 | -.
1951—
Normal retirement
239
165
48
12
8
2
__
40
8
2
2
	
239
163
48
12
40
Disability-	
69
28
14
	
	
1
1
	
	
3
n
	
67
28
15
—
Death	
59
—
—
1
_..
—
—
....
....
60
—
_..    -.
Totals	
367 |193
62
12
—
10 [    3
—
40
11
2|    3
—
—
366 |191
63 |  12
40
1952—
1
Normal retirement
2.39
163
48
12
40
2
1
48
8
4
l
1
233
159
48
12
87
Disability ,,
67
28
15
	
	
6
	
	
4
	
	
	
69
28
16
Death  -
60
—
—
5
—
—
—
~1
65
1
Totals	
366 J191
63
12 | 40
13 |    1
2 | ....
48
12
4 |    1
—
—
367 |187 | 65 1  12
87
1953—
1
Normal retirement
233
159
48
12
87
2
3
27
10
4
2
	
11
225
156
49    12
103
Disability	
69
28
16
	
__
	
	
1
__.
	
1
	
	
68
28
17    _
Death	
65
1
_
—
4
....
.._
—
3
_..
....
....
_..
6b
1 1 ....
Totals -
367 |187
65
12
87
6
3
—
27
14
4 |    2
1
._.
11
359 ]184 |  67 |   12 |103
1954—
1
Normal retirement
225   156
49
12
103
3
2
32
13
1 1    2
2
	
4
215
155
47
12
131
Disability	
68    28
17
2
	
—
5
..- ] ....
1
—
65
28
17
_..
—
Death _	
66 1 --
1
—
3
.... j ....
....
69
2
.._ | ....
Totals	
359 J184
67
12 ] 103
8 |    2
2 | _ | 32
18
1|    2
3
_|    4
349 |183 | 66 |  12 |131
1955—3
|
Normal retirement
137 |115
45
12
247
4
	
39
11
3
2
126
114
46
12
286
Disability   .
70 | 28
16
	
	
2
	
	
3
....
3      1
—
69
21
15
—
—
Death- __	
69 | -.
2
3
—
_..
2
....
-
_.. 1 ....
.-
....
11
....
2
—
2
Totals	
276 |143
63
12
247
5,1    4
41
14
3|    5|    1
—
267 |139
63
12
288
1956—
Normal retirement
126 114
46
12
286
3      4
35
10
2
1
1
1
3
119
115
46
11
318
Disability 	
69 | 25
15
3 1 ....
—
—
6
1
1
—
66
23
15
—
—
Death 	
72 | ....
2
2
1 | -.
—
....
....
....
73
2
2
Totals	
267 |139
63
12
288
71    4
—
35
16
3
2
1
1
3
258 [138 | 63 | 11
320
1957—
I
I
1       1       1
Normal retirement
119 |115
46
11 [318
4
2
46
7
4
	
3
	
6
116 1113 | 44 | 11
358
66 | 23
15
.... 1 ....
4
5
65 | 23 | 15 |
Death 	
73 | .-
2
_|    2
5|_
—
1
78 | .... |    2 | .... |    3
Totals	
258 1138
63
11 1320
13 1    2
1 1 .... | 47
12
4 1 .... 1    3 1 .... 1    6
259 |136 | 61 | 11 |361
1     1     !     1
1 Guaranteed:   (a) Superannuant died after expiration of guaranteed period;   (6) guaranteed period expired, super-
annuant having died previously.
2 Disability;   recovery;   returned to teaching service.
3 From 1955 the figures are on actual count by plan in force, including those changed to temporary annuity effective
January 1st, 1952. TEACHERS' PENSIONS ACT—ANNUAL REPORT
K 13
SCHEDULE No. 4, TEACHERS' PENSIONS FUND
Comparative Statistics, January 1st, 1946, to December 31st, 1957,
Subdivided according to Sex of Contributor
1 Expirations include allowances rescinded:  1953, 13; 1954, 1.
2 Non-active open accounts of teachers out of service more than two years.
3 Non-active open accounts of teachers out of service less than two years.
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1958
Number of
Contributors
Allowances
Fiscal Year
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
1946
1,742
227
2,100
169
2,135
170
2,385
129
2,724
105
2,976
148
3,159
174
3,384
93
3,668
146
4,055
148
4,397
147
4,305
330
201
3,387
666
3,842
438
4,012
532
4,260
711
4,561
630
4,605
898
4,856
972
5,260
622
5,593
777
5,954
466
6,474
668
6,022
1,070
801
97
118
111
71
52
85
70
59
54
76
93
103
511
504
444
362
359
412
376
469
436
478
500
501
29
26
25
21
24
25
28
27
27
28
21
23
20
31
19
25
25
29
36
12
17
23
26
40
5
4
11
5
5
6
9
10
10
14
9
12
9
10
4
8
13
10
9
22i
181
9
17
13
200
222
236
252
271
289
308
325
342
357
369
383
298
1947 	
319
1948 - -	
334
1949 	
351
1950                      -   	
363
1951 „ _ 	
383
1952
410
1953__ 	
400
1954-	
399
1955 —-    	
412
1956 	
421
1957  	
445
--.    |      ......
4,836
7,893
1
-     1      --
1
......    |      .-..
1
 -    1      —
1
260-1258-6762   

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