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Twentieth Annual Report of the Business Done in Pursuance of the MUNICIPAL SUPERANNUATION ACT for the… British Columbia. Legislative Assembly [1960]

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Full Text

 PROVINCE OF BRITISH COLUMBIA
Twentieth Annual Report
of the Business Done in Pursuance of the
MUNICIPAL
SUPERANNUATION ACT
for the
YEAR ENDED MARCH 3 1st
1959
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1960  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 Municipal Superannuation Act during the fiscal year ended March 31st,
1959.
WESLEY D. BLACK,
Provincial Secretary.
Provincial Secretary's Office,
Victoria, B.C., January 25th, 1960. 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 Municipal Superannuation Act during the fiscal year ended March
31st, 1959.
I have the honour to be,
Sir,
Your obedient servant,
W. H. FORREST,
Superannuation Commissioner.
January 22nd, 1960. Municipal Superannuation Report, 1958/59
REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE MUNICIPAL
SUPERANNUATION ACT DURING THE FISCAL YEAR ENDED
MARCH 31st, 1959.
Section 3 (1).—Pursuant to clause (_>) of this subsection, all municipalities in
the Province came under the provisions of the Act, effective April 1st, 1958, with
the exception of the Districts of Coquitlam and Delta, which applied for and were
granted exemption. In addition, pursuant to the provisions of clause (c) or (g) the
following employers adopted the Act during the year, effective from the dates
shown:—
Employer Effective Date
School District No. 23 (Kelowna) April 1st, 1958
School District No. 69 (Qualicum)    April 1st, 1958
School District No. 67 (Ladysmith) lune 1st, 1958
School District No. 10 (Arrow Lakes) July 1st, 1958
School District No. 71 (Courtenay)   July 1st, 1958
Civic Properties Commission (Chilliwack) October 1st, 1958
School District No. 70 (Alberni) January 1st, 1959
School District No. 32 (Fraser Canyon) January 1st, 1959
School District No. 54 (Smithers) January 1st, 1959
Cultus Lake Park Board January 1st, 1959
As at March 31st, 1959, there were 151 active employer accounts in the Fund.
Section 5.—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 6.—Basic employee 5-per-cent contributions amounted to $2,447,-
049.25, and employee voluntary and special agreement contributions amounted to
$567,759.47.   As at March 31st, 1959, there were 11,949 active contributors.
Section 8.—Employer contributions amounted to $2,453,453 in respect of
current service and $1,078,416.44 in respect of past service. Extra employer contributions totalling $40,228.99, being one-half of 1 per cent of salaries for firemen
and policemen in Vancouver and Victoria, were made pursuant to Special Agreements with these employers. Ultimately these contributions will be transferred to
the Retirement Annuity Account to provide additional benefits in accordance with
the Special Agreements. Ten employers reimbursed the Fund in a total amount of
$43,605.49, to cover payments made by the Commissioner on their behalf supplementing superannuation allowance payments in accordance with the provisions of
individual Special Agreements with each of the ten employers.
Section 10.—(1) The Minister of Finance paid $100,000 into the Fund, which
payment was in lieu of interest on the certificates of loan under the former Act.
(2) The net rate of interest earnings of the Fund for the year was 4.125 per
cent; therefore, no payment was required from the Minister of Finance under this
subsection.
(3) The amount of $42,289.98, being the excess of the net interest earnings
over the required 4 per cent, was transferred to a reserve for administration expenses
L V 6 BRITISH COLUMBIA
to apply against the costs of administration for the fiscal year 1959/60, which would
otherwise be recoverable from employers under section 22.
(4) and (5) The outstanding certificates of loan under the former Act totalling $2,696,660.97 were cancelled as of April 1st, 1958, and the outstanding cash
advances under the former Act were repaid out of the Fund to the Minister of
Finance.
Section 13.—Superannuation allowances were granted to sixty-eight contributors who attained retirement age. For analysis, see schedules of comparative
statistics appended hereto.
Section 16.—One superannuation allowance was granted under the total and
permanent disability provisions.
Section 17.—Superannuation allowances were granted to the dependent in the
case of fifteen contributors who died while still in service. Refunds totalling
$10,225.88 were made in the case of thirteen contributors who died while still in
service.
Section 18.—Refunds totalling $265,039.43 were made in the case of 852
contributors who left the service of their employers.
Section 22.—Administration expenses amounting to $40,268.73 were paid into
the Consolidated Revenue Fund of the Province by the various employers under the
Act in accordance with the provisions of this section. The total expenses of the
Superannuation Branch are distributed among the various funds administered on the
basis of the number of contributors and pensioners. A comparison of the annual
unit cost per contributor and pensioner for the last seven years is as follows:—
1952/53  $3.45 1956/57  $2.83
1953/54     3.30 1957/58     2.94
1954/55     3.20 1958/59     2.92
1955/56     3.00
Section 27.—The securities held by the trustees on March 31st, 1959, are set
out in Schedule No. 2 of this Report. During the year $11,671,000 par value
bonds were acquired by purchase or exchange, the average yield being 4.19 per
cent; $5,623,500 par value bonds were released by sale or exchange at an average
yield of 3.11 per cent; and $289,800 par value bonds were redeemed, resulting in
a net increase of $5,758,200 par value bonds held by the trustees between March
31st, 1958, and March 31st, 1959. The improvement in yield resulting from
exchanges was one-tenth of 1 per cent. The average yield on new purchases was
4.82 per cent. Prices paid for securities bought or sold are determined by market
conditions at the time of transfer. Prices used on exchange transactions were
determined on the basis of book yield. 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.
Section 31.—An actuarial valuation as at March 31st, 1957, was made and
was used as the basis for a complete revision of the plan. A new Municipal Superannuation Act was passed during the 1958 Session of the Legislature, revising the
benefit and contribution basis and amalgamating the Municipal Superannuation
Fund (Over-age Agreements) with the main Fund, with effect from April 1st, 1958.
W. H. FORREST,
Commissioner of Municipal Superannuation. MUNICIPAL SUPERANNUATION REPORT, 1958/59 V 7
MUNICIPAL SUPERANNUATION FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 31st, 1959
Revenue
Contributions as per requirements of the Municipal Superannuation Act—
Employees, section 6—
Basic 5-per-cent contributions  $2,447,049.25
Voluntary and Special Agreement contributions       567,759.47
  $3,014,808.72
Employers, section 8—
In respect of current service (Schedule No. 1)  $2,453,453.00
In respect of past service (Schedule No. 1)     1,078,416.44
Special Agreement bonus contributions         40,228.99
Special Agreement supplementary pension payments (as
per contra)  43,605.49
    3,615,703.92
Minister of Finance, section 10(1) :        100,000.00
Interest on investments and bank interest-      1,395,018.42
$8,125,531.06
Expenditure
Superannuation allowances—
Paid from Fund  $1,312,566.15
Paid by Employers under Special Agreements
(as per contra) _  43,605.49
  $1,356,171.64
Refunds—
Resignation, etc., section 18.      $265,039.43
Death in service, section 17  10,225.88
        275,265.31
Repayment to Minister of Finance of outstanding cash advances
pursuant to section 10(5) .         28,792.16
Administration expense, sections 21 and 22  4,800.00
     1,665,029.11
Net increase of ledger assets..  $6,460,501.95 V 8 BRITISH COLUMBIA
MUNICIPAL SUPERANNUATION FUND
Balance-sheet as at March 31st, 1959
Assets
Cash in bank  $42,950.26
Accounts receivable—current contributions due from municipalities, hospitals,
school districts, etc .  944,650.45
Investments at cost or par—net after amortization of premiums and discounts
(see Schedule No. 2) (par value, $37,605,400)  37,269,623.45
Accrued interest on investments    378,342.74
$38,635,566.90
Liabilities
Municipal Superannuation Fund Basic Account and Retirement Annuity Account—
(see footnote *-)  $38,444,614.38
Vancouver Agreement Bonus Account for Firemen and Policemen  129,173.51
Victoria Agreement Bonus Account for Policemen  13,574.03
Victoria Agreement Bonus Account for Firemen  3,781.84
Reserve for administration expenses  42,280.98
Sundry accounts payable  2,142.16
$38,635,566.90
Approved.
W. H. FORREST,
Superannuation Commissioner.
G. S. SOUTAR,
Accountant.
COMPTROLLER-GENERAL'S CERTIFICATE
I certify that the accounts of the Municipal Superannuation Fund for the year ended March
31st, 1959, have been examined under my direction.
The liabilities in respect of Employees' Retirement Annuity Account and Employers'
Account are stated at book value. |
Effective April 1st, 1958, the former Municipal Superannuation Act, chapter 320, R.S.B.C.
1948, was repealed and a new Act came into force. To date there has been no actuarial report
covering the new Act. Pursuant to section 31, the first such valuation will be made as at
March 31st, 1960.
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.
C. J. FERBER, C.A.,
Comptroller-General, Province of British Columbia.
Victoria, B.C., January 21st, 1960.
1 These accounts have been consolidated on this balance-sheet pending receipt of the actuary's distribution
of the Retirement Annuity Account in accordance with the provisions of the Municipal Superannuation Act,
1958. MUNICIPAL SUPERANNUATION REPORT, 1958/59
SCHEDULE No. 1
Contributions by Employer for Year Ended March 31st, 1959
V9
Employer
Total
Contributory
Salaries,
1958/59
Employer Contributions
For
Current
Service
For
Past
Service
Cities
Alberni	
Armstrong-
Chilliwack-
Courtenay._
Cranbrook-
Dawson Creek-
Duncan	
Enderby	
Fernie	
Grand Forks-
Greenwood	
Kamloops	
Kaslo	
Kelowna	
Kimberley	
Langley	
Nanaimo.	
Nelson	
New Westminster..
North Vancouver-
Penticton	
Port Alberni	
Port Coquitlam..
Port Moody	
Prince George...
Prince Rupert	
Revelstoke	
Rossland	
Salmon Arm	
Trail	
Vancouver	
Vernon	
Victoria	
White Rock-
Burnaby	
Central Saanich-
Chilliwhack	
Districts
Coldstream..
Esquimalt	
Glenmore..
Kent	
Kitimat...
Langley..
Maple Ridge_
Matsqui	
Mission	
North Cowichan	
North Vancouver-
Oak Bay_
Peachland	
Pitt Meadows-
Powell River	
Richmond	
Saanich	
Salmon Arm	
Spallumcheen..
Sumas -.	
Summerland-
Surrey	
Tadanae	
West Vancouver..
$42,168.73
5,138.10
47,825.07
27,353.82
135,646.09
75,366.00
50,377.85
10,860.00
62,789.81
26,298.14
5,451.96
164,620.41
1,650.00
229,164.92
109,598.35
26,882.34
312,779.89
422,884.43
,462,595.63
683,649.68
313,132.94
172,987.47
63,438.14
55,656.07
80,920.80
321,624.74
151,570.61
73,425.00
26,049.39
418,739.83
,894,706.26
184,765.73
554,401.82
52,918.79
2,104
25,
40.
14.
178
8
16.
442
108.
56,
124.
65.
92.
891.
359.
3.
9.
224,
470,
726,
21,
3,
29,
91.
651
240.
644.
,968.40
,694.82
',914.70
,952.20
,249.56
,100.00
,352.52
,220.89
,996.00
,895.30
,087.00
,847.90
,499.19
,056.01
.737.05
.577.51
.960.40
,408.57
965.45
989.97
,238.42
962.50
,938.98
949.23
142.00
635.27
568.30
$2,076.89
205.52
1,846.21
1,067.55
6,314.87
3,062.44
1,967.58
434.40
2,751.37
1,035.07
218.19
8,209.53
126.00
10,115.15
4,802.38
1,017.99
15,305.57
20,841.61
85,414.91
37,041.17
13,522.32
9,162.95
2,684.75
2,569.71
4,852.88
14,753.96
7,575.05
3,660.65
1,041.98
21,598.74
1,076,701.27
8,850.03
141,894.70
2,220.42
98,456.20
1,855.39
1,650.99
754.88
8,754.26
324.00
681.30
19,092.81
4,714.62
2,284.05
6,374.91
3,587.73
3,923.02
39,746.07
19,483.78
143.10
417.23
11,573.14
19,744.34
34,081.09
841.03
157.87
1,605.80
4,451.94
31,925.67
16,264.10
29,872.83
$1,347.00
467.04
1,242.00
67.08
666.00
6,702.00
6,446.00
8,141.04
149,952.11
15,296.04
185.04
4,590.00
1,213.08
517.08
5,002.08
1,492.08
53.04
257.04
1,131.84
503,868.96
3,108.00
108,771.96
12,612.92
1,524.00
786.96
2,141.04
912.00
834.00
373.08
23.04
4,788.18
313.42
4,592.00
8,181.12
56.04
1,901.29
1,239.00
5,885.04
126.96
4,361.04
4,028.04
7,263.00 V10 BRITISH  COLUMBIA
SCHEDULE No. 1—Continued
Contributions by Employer for Year Ended March 3 1st, 1959—Continued
Employer
Total
Contributory
Salaries,
1958/59
Employer Contributions
For
Current
Service
For
Past
Service
Towns
Fort St. John-
Mission City_
Quesnel	
Villages
Abbot-ford	
Alert Bay	
Ashcroft	
Burns Lake	
Campbell River_
Castlegar	
Comox	
Creston—.	
Cumberland-
Fruitvale	
Gibsons Landing-
Golden	
Hope	
Invermere j
Kinnaird	
Ladysmith	
Lake Cowichan..
Lillooet	
Lumby	
McBride	
Merritt	
North Kamloops-
Oliver	
Parksville	
Pouce Coupe	
Princeton:	
Qualicum Beach..
Salmo  	
Sechelt	
Sidney..
Smitherg...
Squamish..
Terrace..
Vanderhoof..
Warfield	
Williams Lake	
Hospitals
Vancouver General Hospital	
Royal Jubilee Hospital	
Miscellaneous Employers
Civic Properties Commission (Chilliwack)_
Cultus Lake Park Board	
Greater Vancouver Water District	
Greater Vancouver Sewerage and Drainage District-
Greater Victoria Water District	
North Shore Union Board of Health	
University Endowment Lands  	
School Districts
Alberni (No. 70)	
Arrow Lakes (No. 10)-
Burnaby (No. 41)..
Campbell River (No. 72)..
Castlegar (No. 9)	
Chilliwack (No. 33)	
Courtenay (No. 71)	
Cowichan (No. 65)	
Creston (No. 5)	
Fernie (No. 1)	
$31,475.00
40,357.40
45,940.00
7,200.00
4,900.00
1,337.04
8,580.00
43,437.02
23,078.14
13,649.40
25,068.12
3,364.98
7,683.69
6,239.94
7,917.33
28,301.00
7,752.00
8,700.00
10,290.00
23,074.34
4,200.00
4,025.00
4,050.00
10,260.00
68,806.56
9,648.39
3,300.00
8,655.22
14,912.09
2,050.00
6,345.00
3,412.50
4,883.60
23,200.00
15,126.16
22,530.00
11,170.00
16,370.00
21,505.13
4,128,988.90
1,119,596.63
3,500.00
1,020.00
949,159.39
430,616.34
99,259.00
97,769.87
122,290.08
33,862.81
20,354.88
568,689.29
28,934.00
50,492.60
80,202.00
61,141.50
5,817.00
67,536.50
22,065.17
$1,595.50
2,034.07
2,717.40
393.00
196.00
53.48
343.20
1,667.6*
892.44
799.38
986.31
134.62
307.36
369.54
316.69
1,217.24
310.08
348.00
518.40
1,081.15
336.00
124.25
162.00
526.80
2,734.06
385.92
132.00
514.20
741.99
82.00
253.80
273.00
202.35
1,200.60
805.84
1,058.40
646.10
654.80
1,088.22
169,468.10
42,956.69
140.04
81.60
46,616.42
21,100.28
4,222.93
4,241.82
6,822.75
1,885.44
901.97
25,387.48
1,262.66
1,956.75
3,161.51
3,785.53
232.68
3,519.40
837.89
$810.00
18.00
176.04
426.96
251.04
147.00
52.08
199.00
58,387.08
14,478.96
136.74
12,405.85
3,552.00
519.00
351.00
2,615.04
813.24
21,341.58
162.00
1,821.78
51.00
280.08 MUNICIPAL SUPERANNUATION REPORT, 1958/59
Vll
SCHEDULE No.  1—Continued
Contributions by Employer for Year Ended March 31st, 1959—Continued
Employer
Total
Contributory
Salaries,
1958/59
Employer Contributions
For
Current
Service
For
Past
Service
School Districts—Continued
Fraser Canyon (No. 32)	
Greater Victoria (No. 61)-
Howe Sound (No. 48)	
Kamloops (No. 24)	
Kelowna (No. 23)	
Kimberley (No. 3) 	
Kitimat (No. 80)	
Ladysmith (No. 67)	
Merritt (No. 31)	
Mission (No. 75)	
Nelson (No. 7)..
New Westminster (No. 40)..
North Vancouver (No. 44)-
Penticton (No. 15)	
Powell River (No. 47)	
Prince Rupert (No. 52)	
Princeton (No. 17)	
Qualicum (No. 69)	
Richmond (No. 38)	
Saanich (No. 63)	
Salmon Arm (No. 20)	
Slocan (No. 8)	
Smithers (No. 54) 	
Sooka (No. 62)_
Southern Okanagan (No. 14)„
Terrace (No. 53)	
Trail (No. ID-
Vancouver (No. 39)—
Vanderhoof (No. 56)_
Vernon (No. 22)-
West Vancouver (No. 45)-
Williams Lake (No. 27)	
$4,405.50
571,815.75
51,084.05
103.775.16
90,410.50
40,523.34
112,642.69
24,607.82
14,271.24
38,092.00
77,107.67
139,766.30
279,916.42
36,904.00
67,053.89
11,710.00
9,192.00
19,562.10
198,207.99
33,717.70
39,941.25
7,130.00
13,215.00
55,692.80
55,592.50
41,165.00
134,055.73
2,136,620.12
30,427.50
59,675.94
73,477.61
36,125.00
$312.84
27,085.00
2,043.90
4,111.78
4,042.47
1,781.78
5,453.90
1,284.28
577.14
1,769.96
4,017.43
7,098.11
14,291.18
1,767.27
3,537.23
468.40
367.68
762.99
7,700.00
1,756.25
1,974.24
393.20
641.10
2,402.50
2,814.12
1,794.28
6,369.93
93,995.09
1,470.95
2,378.29
3,180.29
1,317.65
$162.00
11,427.00
165.00
843.96
305.04
56.04
312.50
19.00
1,029.00
13,931.04
3,099.00
407.04
775.00
240.00
309.00
503.04
714.96
848.00
267.99
832.92
12.00
127.80
39,864.00
141.00
267.00
282.96
20.00
Totals-
$49,019,322.53
$2,453,453.00
$1,078,416.44 V 12 BRITISH COLUMBIA
SCHEDULE No. 2
Trustees of the Municipal Superannuation Fund and the Minister of
Finance for the Province of British Columbia
Securities Held as at March 31st, 1959
Par Value Book Value
Government of Canada  $114,000.00 $114,000.00
Government of Canada guaranty—
Canadian National Railway Company  2,640,000.00 2,633,312.62
Province of British Columbia  285,000.00 282,280.14
Province of British Columbia guaranty—
British Columbia Power Commission  7,136,500.00 7,020,944.85
Pacific Great Eastern Railway Company..... 2,786,000.00 2,745,125.70
Greater Vancouver Water District  70,000.00 69,830.55
Vancouver  and  Districts   Joint  Sewerage
and Drainage Board  32,000.00 32,538.57
British Columbia school district serials  15,871,000.00 15,691,418.49
British Columbia Municipal Serials  1,988,000.00 1,893,096.79
British Columbia hospital improvement district serials  733,000.00 730,907.00
British Columbia fire protection and waterworks district serials  452,400.00 431,210.55
Province of Manitoba  1,705,000.00 1,708,551.91
Province of Ontario guaranty—
Ontario Hydro Electric Commission...  270,500.00 278,702.09
Ontario Municipal Improvement Corporation   1,690,000.00 1,742,697.42
University of Toronto  1,832,000.00 1,895.006.77
$37,605,400.00 $37,269,623.45 MUNICIPAL SUPERANNUATION REPORT, 1958/59
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ir^r^m^«n\£)'r>cdcr\0
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\0NC^C^OvOSC7\0\0NC\O\0\C\C7\O\0\C-\O\O\O\ V14
BRITISH COLUMBIA
SCHEDULE No. 4
Municipal Superannuation Fund
Comparative Statistics, April 1st, 1945, to March 31st, 1959,
Subdivided According to Sex of Contributor
Superannuation Allowances
Number of
Contributors
Number of
Refunds
Granted
Fiscal Year
Granted
during
Year
Deaths and
Expirations
In Force at
End of Year
Male
Female
Male
Female
Male
Female
Male
Female
Male
Female
1945/46           	
3,076
873
142
172
170
45
50
1
1,466
116
1946/47             ...
3,340
869
198
217
148
23
44
4
1,570
135
1947/48               ...     	
3,770
937
245
254
139
10
39
3
1,670
1,754
142
1948/49               	
4,199
1,190
196
245
125
9
41
1
150
1949/50-	
4,595
1,312
170
289
107
8
63
2
1,798
156
1950/51— _
4,763
1,525
296
369
115
15
62
6
1,851
165
1951/52-	
5,206
1,594
393
411
78
10
76
4
1,853
171
1952/53    -   -
5,324
1,649
325
459
93
10
69
7
1,877
174
1953 /54 .„—...'.	
5,634
1,801
302
451
79
12
73
1
1,883
185
1954/55                            	
6,056
1,931
261
539
89
14
91
5
1,881
194
1955/56— i
Maximum retirement age 65
4,482
315
60
60
1,421
Maximum retirement age 60
1,806
1,981
56
538
25
16
14
9
474
198
1956/57—
Maximum retirement age 65
4,749
	
451
	
51
69
	
1,403
Maximum retirement age 60
1,861
1,886
50
662
25
18
13
10
486
206
1957/58—
Maximum retirement age 65
5,126
__
275
_.
40
70
1,373
	
Maximum retirement age 60
1,917
2,150
44
534
23
10
16
6
493
210
1958/59—
Maximum retirement age 65
7,086
	
283
	
55
49
1,379
	
Maximum retirement age 60
2,093
2,770
21
561
18
11
10
9
501
212
1 From year 1955/56 the figures are based on new actual count. MUNICIPAL SUPERANNUATION, REPORT, 1958/59 V 15
SCHEDULE No. 5
Municipal Superannuation Fund
Comparative Statistics, April 1st, 1949, to March 31st, 1959—Allowances
Granted and in Force, Subdivided by Type and Plan of Allowance
Fiscal Year
Granted during
Year
Expired during
Year
Guaranteed!
(_)
(b)
In Force at End
of Year
*o
j-j
_
•a
a
3
g
rt
•a
0
»-,
2
630
358
93
28
63
3
	
	
	
1949/50—
Normal retirement-
Disability	
Death	
Totals..
1950/51—
Normal retirement-
Disability	
Death- 	
Totals-
1951/52—
Normal retirement-
Disability.	
Death	
Totals-
1952/53—
Normal retirement-
Disability	
Death 	
Totals-
1953/54—
Normal retirement-
Disability	
Death	
Totals..
1954/55—
Normal retirement-
Disability	
Death	
Totals-
1955/56—2
Normal retirement-
Disability	
Death 	
Totals-
1956/57—
Normal retirement-
Disability	
Death.. 	
Totals-
1957/58—
Normal retirement-
Disability.	
Death	
Totals-
1958/59—
Normal retirement-
Disability	
Death	
Totals-
14
13
330
35
209
202
3
-| 62
33| 11| 11|    9|    1| _.
574
79
658| 421|    96] 205
321
34
218
608
27
364
64
281
3
19j 13| 19|
18
12
12
19
23| 19|    9
_..| 52
3
3
6
69
8
	
	
—
~2
20| 20| 16| 12| „-|
11
573| 635| 428|    96| 284
-| 47
30| 111 28
52
16] 20
I   _..
9| ...
303
34
224
7|    11    3
561
3     9
_-| ....
_-|_
295
34
229
5831
365
93
25
67
2
325
3
608   4321    951 328
574
25
365
66
368
3
261 201    8| 10]    3|    9
558| 599| 4311    92| 371
I
19   17
2
9\
5
7
3
9
279
555
364
87
__
2
—
1
32
228
25
64
2
428
2
2
HI    3|    6|
-| 71
2
6
6
2
-
82
~5
8
6|    2| ._.
87
3
1
13
4
4
1
J 7.
—1    4
17
4|    5| __| 75
30| 17|    5
»
3| 10
13
27
12
11
4
7
5
10
1
6
—
—
—
—
—
19|  32|   12
21
4|     8
17
23
11
7
2
11
1
2
2
7
—
—
—
251 231  13
9
2| 11
539] 580| 428|    89] 432
268
32
228
522
20
355
54
503
1
7
528]  542|  409|     85|  511
195
34
233
384
18
329
54
462| 402] 383
1
6
5
1
12
—
13]    6|    6|
12
14 22
3 2
9   _.
1   13
._     1
182
31
236
356
15
322
53
755
1
11
791 767
806
1
15
26| 24| 13] 14]    1| 14
449| 3711 375|    78| 822
23] 25]    8
14
16
17
17
5   14
167
30
238
326
14
14
435| 340
161
29
243
15
316
12
433   328
307
52
851
1
17
3591    73] 869
293
52
345
70
894
1
21
916
1 Guaranteed:   (a) Superannuant died after expiration of guaranteed period;   (6) guaranteed period expired,
superannuant having died previously.
2 From year 1955/56 the figures are based on the actual count by plan in force. V 16 BRITISH COLUMBIA
SCHEDULE No. 6
Municipal Superannuation Fund
Number of Contributors and Pensioners by Employer, as at March 31st, 1959
Contributors
Class I
Class II
Class III
Pensioners
Total
Contributors
and Pensioners
Cities
Alberni..
Armstrong.
Chilliwack-
Courtenay..
Cranbrook._	
Dawson Creek-
Duncan	
Enderby	
Fernie	
Grand Forks.
Greenwood—.
Kamloops	
Kaslo  _
Kelowna..	
Kimberley	
Langley	
Nanaimo	
Nelson  	
New Westminster-
North Vancouver...
Penticton	
Port Alberni	
Port Coquitlam..
Port Moody	
Prince George-
Prince Rupert—
Revelstoke.	
Rossland 	
Salmon Arm	
Trail-
Vancouver—
Vernon _
Victoria	
White Rock-
Districts
Burnaby	
Central Saanich-
Chilliwhack	
Coldstream 	
Esquimalt—	
Glenmore—	
Kent 	
Kitimat	
Langley	
Maple Ridge..
Matsqui. 	
Mission	
North Cowichan	
North Vancouver-
Oak Bay-
Peachland .,
Pitt Meadows .
Powell River-
Richmond	
9
1
11
6
li
27
13
11
3
16
7
1
32
1
45
18
6
58
73
21
172
123
73
44
20
11
16
55
29
14
8
97
2,298
21
39
349
11
353
4
6
4
24
2
6
65
30
15
29
17
20
151
49
1
3
42
94
9
l1
15
14
103
27
21
1
3
11
11
li
1,327
2i
8
179
89
2
13
~12
42
30
4
10
li
15
3
2
5
12
"~52
12
9
3
1
2
"l5
1
2
657
3
85
3
63
1
7
12
4
4
2
1
2
14
4
22
14
1
19
32
55
61
14
4
1
1
944
11
194
31
3
20
20
10
1
17
9
li
42
16
15
6
21
9
2
65
li
1
81
27
8
97
131
2i
382
223
2i
98
49
25
15
19
95
34
22
9
122
ll
5,226
4i
61
807
14
536
7
17
5
45
4
6
89
39
20
40
21
25
227
103
1
3
50
132
li
i Inactive accounts, but eligible for pension benefits. MUNICIPAL SUPERANNUATION REPORT, 1958/59 V 17
SCHEDULE No. 6—Continued
Municipal Superannuation Fund—Continued
Number of Contributors and Pensioners by Employer, as at March 31st, 1959
—Continued
Contributors
Pensioners
Total
Contributors
Class I
Class II
Class III
and Pensioners
104
52
19
27
202
6
1
7
1
1
1
3
7
1
8
19
5
24
156
8
24
12
200
12
41
3
56
106
21
11
28
166
7
2
9
11
1
12
12
	
12
3
3
2
2
2
	
2
2
2
6
2
8
5
1
6
3
1
4
5
1
	
6
1
1
2
	
2
2
	
2
2
	
2
8
	
8
2
	
2
2
2
3
	
3
5
	
5
1
	
1
1
1
	
2
1
	
1
2
1
2
5
18
1
1
20
3
.
3
1
1
2
	
2
5
	
5
1
	
1
2
2
1
	
1
1
1
2
5
2
	
7
3
1
	
4
5
1
	
6
3
1
	
4
5
	
5
4
	
2
	
6
82
264
66
412
f     371
974
170
1,515
1          I1
	
2i
	
3i
1
1
1
	
 .
	
1
Districts—Continued
Saanich-
Salmon Arm...
Spallumcheen-
Sumas 	
Summerland	
Surrey..
Tadanac	
West Vancouver-
Fort St. John.
Mission City...
Quesnel	
Towns
Abbotsford-
Alert Bay	
Ashcroft 	
Burns Lake...	
Campbell River..
Castlegar 	
Comox	
Creston 	
Cumberland	
Fruitvale	
Villages
Gibsons Landing-
Golden	
Hope	
Invermere 	
Kinnaird... 	
Ladysmith 	
Lake Cowichan..
Lillooet	
Lumby. 	
McBride..	
Merritt 	
North Kamloops-
Oliver.— 	
Parksville 	
Pouce Coupe	
Princeton	
Qualicum Beach..
Salmo	
Sechelt	
Sidney	
Smithers	
Squamish	
Terrace	
Vanderhoof-
Warfield	
Williams Lake..
Royal Jubilee _
Hospitals
Vancouver GeneraL.
Miscellaneous Employers
Civic  Properties Commission   (Chilliwack) .
Cultus Lake Park Board..
1 Inactive accounts, but eligible for pension benefits. V 18 BRITISH COLUMBIA
SCHEDULE No. 6—Continued
Municipal Superannuation Fund—Continued
Number of Contributors and Pensioners by Employer, as at March 31st, 1959
—Continued
Contributors
Class I
Class II
Class III
Pensioners
Total
Contributors
and Pensioners
Miscellaneous Employers—Continued
Greater Vancouver Water District	
Greater Vancouver Sewerage and
Drainage District.
Greater.Victoria Water District	
North Shore Union Board of Health	
University Endowment Lands	
School Districts
Alberni (No. 70)	
Arrow Lakes (No. 10).
Burnaby (No. 41)..
Campbell River (No. 72)	
Castlegar (No. 9)	
Chilliwack (No. 33)—	
Courtenay (No. 71)	
Cowichan (No. 65)	
Creston (No. 5)	
Fernie (No. 1)..
Fraser Canyon (No. 32)_
Howe Sound (No. 48)	
Kamloops (No. 24)__	
Kelowna (No. 23)	
Kimberley (No. 3)	
Kitimat (No. 80)	
Ladysmith (No. 67)	
Merritt (No. 31)	
Mission (No. 75)	
Nelson (No. 7)_
New Westminster (No. 40) —
North Vancouver (No. 44) —
Penticton (No. 15) 	
Powell River (No. 47)	
Prince Rupert (No. 52)	
Princeton (No. 17). 	
Qualicum (No. 69)	
Richmond (No. 38)	
Saanich (No. 63)— 	
Salmon Arm (No. 20)	
Slocan (No. 8)  	
Smithers (No. 54)	
Sooke (No. 62)..
South Okanagan (No. 14).
Terrace (No. 53)	
Trail (No. 11)	
Vancouver (No. 39)	
Vanderhoof (No. 56)	
Vernon (No. 22)..
West Vancouver (No. 45)-
Victoria (No. 61)-
Williams Lake (No. 27)..
Totals	
273
2
23
4
11
25
8
99
8
12
16
21
1
16
6
4
10
22
26
11
22
5
3
8
21
28
63
9
12
3
2
4
32
12
11
2
13
13
14
9
33
376
li
7
16
14
122
7
7,086
7i
15
2,093
71
13
2
16
1
12
"43
1
3
10
4
2
2
3
9
3
2
1
3
1
3
5
6
13
3
5
1
22
4
1
1
2
4
151
3
5
11
31
5
2,770
21
49
3
~7
13
14
2
3
115
3
2
29
2,092
f  337
28
20
34
37
8
155
9
15
28
25
1
18
11
5
13
35
29
14
23
8
4
11
28
42
90
14
17
4
2
5
56
17
11
2
14
14
16
9
40
642
li
10
24
27
182
12
14,041
161
1 Inactive accounts, but eligible for pension benefits.
Number of non-active unclaimed moneys accounts as at March 31st, 1959, seventy-six.
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1960
360-160-2430  

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