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Twenty-first Annual Report of the Business Done in Pursuance of the MUNICIPAL SUPERANNUATION ACT for… British Columbia. Legislative Assembly 1961

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Full Text

 PROVINCE OF BRITISH COLUMBIA
Twenty-first Annual Report
of the Business Done in Pursuance of the
MUNICIPAL
SUPERANNUATION ACT
for the
YEAR ENDED MARCH 3 1st
1960
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1961
L
  To His Honour George Randolph Pearkes, V.C., P.C., C.B., D.S.O., 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 Municipal Superannuation Act during the fiscal year ended March 31st,
1960.
WESLEY D. BLACK,
Provincial Secretary.
Provincial Secretary's Office,
Victoria, B.C., December 14th, 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, 1960.
I have the honour to be,
Sir,
Your obedient servant,
W. H. FORREST,
Commissioner of Municipal Superannuation.
December 13th, 1960.
 Municipal Superannuation Report, 1959/60
REPORT OF THE BUSINESS DONE IN PURSUANCE OF THE MUNICIPAL
SUPERANNUATION ACT DURING THE FISCAL YEAR ENDED
MARCH 3 1st, 1960.
Section 3 (1).—The following employers adopted the Act during the year
under the provisions of clause (c), (/), or (g) of this subsection effective from the
date shown:—
Employer Effective Date
School District No. 57 (Prince George) June 1st, 1959
Greater Nanaimo Water District July 1st, 1959
School District No. 73 (Alert Bay) September 1st, 1959
School District No. 46 (Sechelt) September 1st, 1959
School District No. 68 (Nanaimo) January 1st, 1960
Vancouver Housing Authority January 1st, 1960
Vancouver Public Aquarium Association March 1st, 1960
As at March 31st, 1960, there were 166 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.
Section 6.—Basic employee 5-per-cent contributions amounted to $2,821,-
150.58, and employee voluntary and special agreement contributions amounted to
$527,044.53.   As at March 31st, 1960, there were 12,749 active contributors.
Section 8.—Employer contributions amounted to $2,840,606.71 in respect of
current service and $982,658.67 in respect of past service. Extra employer contributions totalling $31,381.04, 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. As of December 31st, 1959, the balance in the Vancouver Agreement Bonus Account for Firemen and Policemen was transferred to
the Retirement Annuity Account to provide additional benefits for active Vancouver
firemen and policemen in accordance with the special agreement. Ten employers
reimbursed the Fund in a total amount of $34,404.95, 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 $95,000 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 4.22 per
cent, and after charging administration expenses, 4.08 per cent; therefore, no payment was required from the Minister of Finance under this subsection.
(3) An amount of $33,501.10, being the excess of the net interest earnings
over the required 4 per cent, was transferred to the reserve for administration expenses, which totalled $75,782.08 as at March 31st, 1960. This will ensure that
the costs of administration for the fiscal year 1960/61 will be payable from the
Fund rather than employers as provided under section 22.
5
 M 6 BRITISH COLUMBIA
Section 13.—-Superannuation allowances were granted to eighty-seven contributors who attained retirement age. For analysis, see schedules of comparative
statistics appended.
Section 16.—Two superannuation allowances were granted under the total and
permanent disability provisions.
Section 17.—Superannuation allowances were granted to the dependent in the
case of eighteen contributors who died while still in service. Refunds totalling
$18,689.04 were made in the case of twenty-six contributors who died while still
in service.
Section 18.—Refunds totalling $358,218.47 were made in the case of 1,028
contributors who left the service of their employers.
Section 22.—Actuarial and administration expenses paid from the Fund
amounted to $55,684.76. 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 eight 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 1959/60     3.18
Section 27.—The securities held by the trustees on March 31st, 1960, are set
out in Schedule No. 2 of this Report. During the year $11,271,000 par value bonds
were acquired by purchase or exchange, the average yield being 5.67 per cent;
$2,915,000 par value bonds were released by sale or exchange at an average yield
of 3.97 per cent; and $336,400 par value bonds were redeemed, resulting in a net
increase of $8,019,600 par value bonds held by the trustees between March 31st,
1959, and March 31st, 1960. The improvement in yield resulting from exchanges
was three-tenths of 1 per cent. The average yield on new purchases was 6.11 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, 1959/60 M 7
MUNICIPAL SUPERANNUATION FUND
Statement of Revenue and Expenditure for the Fiscal Year
Ended March 31st, 1960
Revenue
Contributions as per requirements of the Municipal Superannuation Act—
Employees, section 6—
Basic 5-per-cent contributions  $2,821,150.58
Voluntary and special agreement contributions        527,044.53
  $3,348,195.11
Employers, section 8—
In respect of current service (Schedule No. 1)  $2,840,606.71
In respect of past service (Schedule No. 1).         982,658.67
Special agreement bonus contributions  31,381.04
Special agreement supplementary pension payments (as
per contra)  34,404.95
     3,889,051.37
Minister of Finance, section 10(1) !         95,000.00
Interest on investments and bank interest  1     1,700,769.31
$9,033,015.79
Expenditure
Superannuation allowances—
Paid from Fund  $1,418,291.72
Paid by employers under special agreements
(as per contra)  34,404.95
  $1,452,696.67
Refunds—
Resignations, etc., section 18      $358,218.47
Death in service, section 17  18,689.04
Miscellaneous     162.96
 —        377,070.47
Administration expenses, sections 21, 22, and 30         55,684.76
     1,885,451.90
Net increase of ledger assets  $7,147,563.89
 M 8 BRITISH COLUMBIA
MUNICIPAL SUPERANNUATION FUND
Balance-sheet as at March 31st, 1960
Assets
Cash in bank    $97,251.74
Accounts receivable—current contributions due from municipalities,
hospitals, school districts, etc  608,579.47
Investments at cost or par—net after amortization of premiums and
discounts (see Schedule No. 2) (par value, $45,625,000)     44,597,399.25
Accrued interest on investments  485,438.12
$45,788,668.58
Liabilities
Municipal Superannuation Fund Basic Account    $30,135,117.65
Employees' Retirement Annuity Account  15,548,932.29
Victoria Agreement Bonus Account for Policemen  15,364.07
Victoria Agreement Bonus Account for Firemen  5,792.54
Reserve for administration expenses  75,782.08
Sundry accounts payable  7,679.95
$45,788,668.58
Approved.
W. H. FORREST,
Commissioner of Municipal
Superannuation.
G. S. SOUTAR,
Accountant.
COMPTROLLER-GENERAL'S CERTIFICATE
I certify that the accounts of the Municipal Superannuation Fund for the year ended
March 31st, 1960, have been examined under my direction.
The liabilities in respect of Employees' Retirement Annuity Account and Basic 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.,, December 12th, 1960.
 MUNICIPAL SUPERANNUATION REPORT,  1959/60
SCHEDULE No. 1
Contributions by Employer for Year Ended March 31st, 1960
M9
Total
Contributory
Salaries,
1959/60
Employer Contributions
Employer
For
Current
Service
For
Past
Service
Cities
$48,519.63
7,950.00
54,671.80
28,337.12
156,460.58
100,765.00
57,789.89
11,510.00
63,413.85
27,883.20
5,717.31
190,132.21
300,080.26
117,812.67
20,739.65
333,485.26
425,083.59
1,652,479.35
763,060.12
366,785.08
196,463.91
89,371.89
72,156.08
145,164.55
380,284.17
154,450.08
91,620.00
393,857.34
22,265,875.71
211,051.69
2,771,387.35
63,468.87
2,432,342.09
32,373.72
40,604.00
18,822.40
189,271.59
10,980.00
20,468.09
386,380.69
139,109.84
82,995.01
139,205.10
81,511.84
97,708.55
1,090,159.83
384,932.03
3,849.97
11,025.00
252,028.37
648,747.38
841,868.27
26,571.36
1,685.00
38,325.24
100,615.44
913,004.00
240,331.50
31,248.00
728,023.55
$2,351.66
318.00
2,185.84
1,103.36
7,326.71
4,214.80
2,358.39
460.40
2,944.51
1,175.40
341.89
9,517.40
13,372.76
5,371.47
816.23
15,752.05
21,842.92
96,536.99
40,021.49
16,220.52
10,367.02
3,809.52
3,362.65
7,928.95
17,433.89
7,813.22
4,705.65
20,951.81
1,206,837.06
10,086.66
154,565.51
3,156.60
115,846.92
2,207.00
1,638.82
911.26
9,225.62
439.20
1,056.96
17,018.10
6,113.95
3,828.32
7,430.08
4,255.96
4,302.70
49,933.61
21,564.48
153.96
492.99
13,368.41
28,430.59
40,199.21
1,186.73
58.67
1,971.01
4,935.42
44,261.96
16,350.94
1,518.22
34,328.06
$1,347.00
467.04
1,242.00
Dawson Creek   	
67.08
666 00
Fernie.	
Grand Forks  ..   	
Greenwood 	
Kamloops.     _	
6 702 00
Kelowna    _	
Kimberley   	
Langley ■'	
Nanaimo...     	
6,445.96
8 141 04
New Westminster 	
54 219 84
15,555.53
185.04
Penticton	
Port Alberni._	
4,590.00
1,213.28
517 08
Port Coquitlam.— _ _   ...
Port Moody	
Prince George	
Prince Rupert 	
4,846.08
1,492.08
Trail  	
330 00
503,888.96
3,108 00
Vernon	
Victoria	
108,771.96
White Rock _ _	
Districts
11,473.92
Central Saanich-	
Chilliwhack.	
1,524 00
786 96
2,141.04
912.00
Kent 	
834.00
Langley      _   	
373.08
23.04
69.00
Mission  	
297.00
4,592.00
Oak Bay	
8,181.12
56.04
1,622 04
1,239.00
5,885.04
126.96
4,361.04
Surrey	
4,028.04
13,304.04
Terrace—   _.   — _ _	
7,263 00
 M 10 BRITISH COLUMBIA
SCHEDULE No. 1—Continued
Contributions by Employer for Year Ended March 31st, 1960—Continued
Employer
Total
Contributory
Salaries,
1959/60
Employer Contributions
For
Current
Service
For
Past
Service
Towns
Fort St. John-
Mission City...
Quesnel	
Villages
Abbotsford.
Alert Bay.	
Ashcroft _
Burns Lake-
Campbell River—
Castlegar	
Chapman Camp-
Comox—	
Creston	
Cumberland-
Fruitvale	
Gibsons Landing-
Golden	
Hope— -
Invermere	
Kaslo 	
Kinnaird	
Ladysmith	
Lake Cowichan
Lillooet	
Lumby	
McBride _	
Marysville	
Merritt	
North Kamloops-
Oliver	
Parksville 	
Pouce Coupe	
Princeton	
Qualicum Beach...
Salmo — —
Salmon Arm	
Sechelt	
Sidney	
Smithers	
Squamish	
Vanderhoof	
Warfield	
Williams Lake.
Miscellaneous Employers
Burnaby Public Library	
Civic Properties Commission (Chilliwack)..
Cultus Lake Park Board-
Greater Nanaimo Water District-
Greater Vancouver Sewerage and Drainage District-
Greater Vancouver Water District	
Greater Victoria Water District  	
Nelson Civic Centre Commission  - —
Nelson Municipal Library~
North Shore Union Board of Health..
Trail-Tadanac Board of Park Commissioners
University Endowment Lands	
Vancouver Housing Authority-
Vancouver Public Aquarium Association..
Vernon Civic Arena  	
Victoria Memorial Arena—	
Hospitals
Royal Jubilee Hospital	
Vancouver General Hospital	
$48,875.00
56,024.40
47,940.00
9,655
3,642.
6,263.
10,800.
36,224,
24,442.
1,625.
15,762,
25,675.
3,683.
12,332.
6,174.
8,280.
30,007
9,008.
3,300.
10,020
12,960
25,325
4,650
8,250.
4,500
8,475
12,195.
86,022.
11,098
4,750
7,329.
20,719.
5,125.
7,415.
22,401.
3,900.
5,701.
25,275.
16,451.
13,908.
22,400.
24,878.
.00
50
36
00
.73
14
00
.70
,18
90
37
67
70
.20
.64
.00
.00
.00
.10
.00
00
.00
.00
.00
.20
.82
.00
56
,15
00
00
47
00
20
00
45
00
00
98
40,334.71
6,999.96
4,125.00
21,792.77
561,161.07
,129,542.35
124,687.43
25,182.07
2,670.01
103,122.03
45,981.84
122,707.60
7,110.00
1,981.00
7,320.00
19,467.72
1,204,245.66
4,778,207.92
$2,405.01
2,665.49
2,618.20
496.26
123.70
237.05
432.00
1,492.37
1,010.41
65.00
905.95
1,008.37
147.35
493.29
352.40
331.23
1,331.63
360.35
132.00
400.80
732.00
1,189.90
372.00
290.25
180.00
339.00
565.80
3,571.53
443.94
190.00
262.66
997.68
205.00
296.60
968.74
312.00
275.47
1,297.50
876.14
835.76
896.00
1,232.37
1,652.94
280.08
330.00
990.26
26,997.80
54,719.12
5,386.30
983.68
153.57
4,625.79
2,095.29
6,891.47
370.20
90.12
292.80
778.74
47,818.20
194,249.01
$810.00
18.00
176.04
426.96
251.04
320.00
14.00
147.00
52.08
257.04
957.26
3,552.00
12,405.84
519.00
351.00
801.84
2,615.04
14,478.96
58,387.08
 MUNICIPAL SUPERANNUATION REPORT, 1959/60 M 11
SCHEDULE No. 1—Continued
Contributions by Employer for Year Ended March 31st, 1960—Continued
Employer
Total
Contributory
Salaries,
1959/60
School Districts
Alberni (No. 70)	
Alert Bay (No. 73)	
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) —
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)  —
Nanaimo (No. 68)	
Nelson (No. 7)..
New Westminster (No. 40)_
North Vancouver (No. 44) ..
Penticton (No. 15) 	
Powell River (No. 47)	
Prince George (No. 57)	
Prince Rupert (No. 52)	
Princeton (No. 17)	
Qualicum (No. 69)	
Richmond (No. 38)	
Saanich (No. 63)	
Salmon Arm (No. 20)	
Sechelt (No. 46)	
Slocan (No. 8)	
Smithers (No. 54)	
Sooke(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)	
Totals	
$143,899.
7,500.
31,845.
707,077.
36,361,
63,373,
89,003.
85,548.
6,318
75,676.
32,101.
23,161.
679,990.
61,467
120,142.
109,364.
47,717
118,756.
31,409.
18,840
47,509
60,300.
93,867
145,963
329,815
44,080
72,222
114,008
13,731
11,167
21,971
239,563,
55,985
43,263
25,793
9,480
53,322
63,102
58,265
42,064
154,026
2,579,677
31,702
70,806
108,326
49,264,
$56,510,954.95
Employer Contributions
For
Current
Service
$8,378.44
351.00
1,430.87
32,316.08
1,789.32
2,634.94
3,592.86
5,421.26
252.72
4,025.41
1,323.35
1,391.74
31,926.33
2,690.65
4,801.43
5,094.65
2,069.10
5,837.07
1,685.88
845.36
2,182.31
3,219.69
4,995.63
7,622.34
17,006.67
2,068.70
3,799.03
6,219.77
549.24
446.68
848.58
9,376.33
3,169.26
2,125.50
1,684.19
536.20
2,614.48
2,977.72
3,356.55
1,884.28
7,394.44
116,995.84
1,698.66
2,896.27
4,940.87
1,813.97
$2,840,606.71
For
Past
Service
$3,252.96
106.75
162.00
2,144.28
51.00
280.08
648.00
11,427.00
165.00
843.96
305.04
56.04
375.00
19.00
1,029.00
3,292.32
3,099.00
407.04
775.00
16,585.00
240.00
268.08
832.92
12.00
127.80
39,864.00
141.00
267.00
2,556.81
$982,658.67
 M 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, 1960
Par Value Book Value
Province of British Columbia        $285,000.00 $282,960.98
Province of British Columbia guaranty—
British Columbia Power Commission       6,995,500.00 6,883,667.68
British   Columbia   Toll   Highways   and
Bridges Authority        1,671,000.00 1,684,474.38
Pacific Great Eastern Railway Company..-.      3,025,000.00 2,980,528.26
Greater Vancouver Water District  355,000.00 347,758.76
Vancouver and Districts loint Sewerage and
Drainage Board   31,000.00 31,432.66
British Columbia school district serials__    23,553,000.00 22,726,025.57
British Columbia municipal serials       2,329,000.00 2,202,342.76
British Columbia hospital improvement district serials   726,000.00 723,942.00
British Columbia fire protection and waterworks district serials  447,000.00 426,203.70
Alberta Government guaranty—
Alberta  Government  Telephone  Commission    130,000.00 127,328.22
Province of Manitoba       1,705,000.00 1,708,101.13
Province of Ontario guaranty—
Ontario Hydro-electric Commission  270,500.00 277,577.59
Ontario Municipal Improvement Corporation        2,270,000.00 2,306,323.68
University of Toronto       1,832,000.00 1,888,731.88
$45,625,000.00 $44,597,399.25
 MUNICIPAL SUPERANNUATION REPORT,  1959/60
M 13
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3
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Z
i-i
ft
fS
c
rJ
c
3
m vo r- oc
Os c
HfNf
^
u-
sC
r-
oc
°^ <_=
^
TJ
Tt
*
Tf ^- r(- tt
•*.- «/i
lfllf.IT
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ir
V
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o
a
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cr-
a-
a
o-
a
a
o»
a
a-
CT-
On
cr>
o>
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c^
0>
On
 M 14 BRITISH COLUMBIA
SCHEDULE No. 4
Municipal Superannuation Fund
Comparative Statistics, April 1st, 1946, to March 31st, 1960,
Subdivided According to Sex of Contributor
Fiscal Year
Number of
Contributors
Male
Female
Number of
Refunds
Granted
Male
Female   Male
Superannuation Allowances
Granted
during
Year
Female    Male
Deaths and
Expirations
Female
In Force at
End of Year
Male
Female
1946/47 -	
1947/48 	
1948/49  - - -	
1949/50  — _
1950/51.   - —
1951/52 	
1952/53. -	
1953/54 - -	
1954/55--  	
1955/56—!
Maximum retirement age 65
Maximum retirement age 60
1956/57—
Maximum retirement age 65
Maximum retirement age 60
1957/58—
Maximum retirement age 65
Maximum retirement age 60
1958/59—
Maximum retirement age 65
Maximum retirement age 60
1959/60—
Maximum retirement age 65
Maximum retirement age 60
3,340
3,770
4,199
4,595
4,763
5,206
5,324
5,634
6,056
4,482
1,806
4,749
1,861
5,126
1,917
7,086
2,093
7,673
2,130
869
937
1,190
1,312
1,525
1,594
1,649
1,801
1,931
1,981
1,886
2,150
2,770
2,946
198
245
196
170
296
393
325
302
261
315
56
451
50
275
44
283
21
376
20
217
254
245
289
369
411
459
451
539
538
662
534
561
658
148
139
125
107
115
78
93
79
89
60
25
51
25
40
23
55
18
55
41
23
10
9
8
15
10
10
12
14
16
18
10
44
39
41
63
62
76
69
73
91
60
14
69
13
70
16
49
10
62
19
10
6
1,570
1,670
1,754
1,798
1,851
1,853
1,877
1,883
1,881
1,421
474
1,403
486
1,373
493
1,379
501
1,372
523
135
142
150
156
165
171
174
185
194
198
206
210
212
215
1 From year 1955/56 the figures are based on new actual count.
 MUNICIPAL SUPERANNUATION REPORT,  1959/60 M 15
SCHEDULE No. 5
Municipal Superannuation Fund
Comparative Statistics, April 1st, 1950, to March 31st, 1960—Allowances
Granted and in Force, Subdivided by Type and Plan of Allowance
Granted during
Year
Expired during
Year
In Force at End
of Year
Fiscal Year
3
u
a
OJ
C
3
0
0
3
fj
o
■d
a
'■5
o
a
i
<
d
E
0
H
3
V
55
Guar-
anteedi
_>
■*.
3
c
5
•a
u
<c
o
2
<
d
B
H
o
3
u
'bit
g
55
■o
_>
o
c
0)
H
«
3
O
3
c
'o
*->
•o
1C
■5
o
s
c
c
<
(a)
(*)
a
E
1950/51—
5
14
12
1
16
3
__
79
14
1
5
19
1
15
1
10
2
....
—
321
34
218
608
27
364
64
93
3
281
3
Death          ...                .           ...
Totals..     ..        ...    .
19| 13| 19] ....
79
20| 201 16] 12| —1 --
573
6351 428
961 284
1951/52—
6
1
11
12
7   —
4   ....
47
24
1
5
11
26
2
6
1
l
3
303
34
224
583   365
251    67
—1
931 325
21      3
Death	
__..| .__..
Totals 	
181 12l HI —1 47
301 111 28
1
1|   3
561
608J 4321    951 328
1952/53—
8
1
14
19
9
52
!      1
16| 20     8
1| -| _..
9| -| ....
9
1
3|    9
295
34
229
574
25
365
66
90
2
368
Disability        -	
Death    .       	
3
Totals 	
23| 19|    9| ....| 52
26| 20|    8| 10
3|    9
558
599| 4311    92| 371
1953/54—
3
8
3
6
-
69
2
19
17
5
7
3
9
1
279
32
228
555
25
364
64
87
2
428
2
9
2
2
tipath
2
Totals  _ 	
11|    3|    6
_|71
30| 17|    5
9
3| 10
539
580| 428|    89| 432
1954/55—
2]    6
6| Z
2
—
82
5
I
13I 27
-|    5
6] -
12
11
10
4     7
_..     1
268
32
228
522
20
355
54
83   503
2       1
Dpath
7
Totals -	
8|    6|    2| ._| 87
19| 321 12| 21
4|    8
528
542[ 409|    85] 511
1955/56—2
3
1
13
4
4
1
—1    4
17
1
7
23
11
2
7
2
2
11
195
34
233
384
18
329
54
77
2
755
1
Death               .                           . 	
11
Totals..  	
17|    4
5| _| 75
25| 23| 13|    9
2
11
462
402
383 [    79| 767
1956/57—
1
17
6
5
1
—
64
1
4
14
3
9
22
2
12
1
12
2
1
13
1
182
31
236
356
15
322
53
76
2
806
1
Death        - .. ..              	
15
Totals	
13|    6|    6
....
69
26| 24| 13| 14
1| 14
449
371| 375|    78
822
1957/58—
2
7
21    1
59
1
17
1
5
24
1
8
16
1
5
14
167
30
238
1
3261 307
14     52
71
2
851
Disability  	
Death  —
1
17
Totals	
9
2|    1| _
61
231 251    8| 17
S| 14
435
340| 359|    73| 869
1958/59—
3
9
7
7
-
56
6
9
1
4
15
1
2
1
16
1
3
13
2
161
29
243
316
12
293
52
68
2
894
Disability     	
Death	
1
1
21
Totals.                   	
12|    7
3
—
62
14| 16
3| 17
3
15
433
328| 345|    70| 916
1959/60—
3     5
— I    1
9J_
3
1
1
75
9
11
3
13
27
3
4
11
2
—
15
153
26
239
290
10
285
51
69
2
954
Disability... -	
Death	
1
30
Totals—	
12
6
4
1
84
27
30
4
13
—
15
418
300
336
71
985
1 Guaranteed:   (a) Superannuant died after expiration of guaranteed period;   (£) guaranteed period expired,
superannuant having died previously.
2 From year 1955/56 the figures are based on the actual count by plan in force.
 M 16
BRITISH COLUMBIA
SCHEDULE No. 6
Municipal Superannuation Fund
Number of Contributors and Pensioners by Employer, as at March 31st, 1960
Contributors
Pensioners
Total
Contributors
and Pensioners
Class I
Class II
Class III
Cities
10
2
12
1 r
32
18
12
3
15
6
{■'i
51
20
5
52
i s
177
[     129
72
47
21
13
32
I       60
29
15
I      91
f          21
1 2,473
46
363
8
365
5
6
5
30
3
5
39
31
25
27
18
20
176
48
1
3
42
|     102
5
2
2
l1
9
7
5
15
16
105
21
30
10
3
3
11
5
li
11
li
1,322
8
179
3
92
3
12
12
8
3
43
30
11
li
14
1
3
1
3
4
2
2
1
1
2
16
3
5
12
48
12
11
4
2
1
3
li
15
2
2
5
706
3
84
3
53
1
7
2
12
5
3
3
1
4
17
6
6
24
3
2
8
2
3
1
1
___
15
1
19
31
58
56
8
2
3
1
14
3
1
8
955
11
193
35
4
1
5
2
5
1
3
21
20
6
11
Armstrong  - -	
2
18
_a
Cranbrook  ., 	
9
48
24
16
6
20
8
2
li
69
89
Kimber ley ,._ —
Langley.—    	
29
5
91
Nelson    	
2i
134
388
2i
227
101
53
Port Coquitlam _	
26
18
38
li
100
34
23
Trail (includes Trail-Tadanac Board of
li
115
Vancouver  	
Vernon   	
3i
5,456
68
819
14
Districts
545
9
17
6
49
5
Kent     	
5
63
41
Maple Ridge 	
29
38
22
27
257
Oak Bay             	
104
Peachland— — —	
1
3
59
Richmond  - _  -
li
146
1 Inactive accounts, but eligible for pension benefits.
 MUNICIPAL SUPERANNUATION REPORT,  1959/60 M 17
SCHEDULE No. 6—Continued
Municipal Superannuation Fund—Continued
Number of Contributors and Pensioners by Employer, as at March 31st, 1960
—Continued
Contributors
Pensioners
Total
Contributors
and Pensioners
Class I
Class II
Class III
Districts—Continued
111
7
9
20
204
11
7
111
11
16
13
3
1
1
3
7
5
1
3
7
1
3
1
2
8
2
1
3
3
5
1
1
1
1
2
17
4
2
1
6
1
2
7
1
1
54
10
42
3
27
1
19
1
1
1
5
30
1
14
2
1
1
3
1
1
1
1
1
2
1
1
25
1
1
14
4
24
1
1
2
1
209
9
2
Summerland 	
Surrey  	
Tadanac -	
Terrace	
25
258
57
11
176
Towns
Fort St. John	
18
13
Quesnel	
Villages
Abbotsford	
Alert Bay
Ashcroft 	
2
Comox	
Creston       	
4
8
1
Fort St. James 	
3
Gibsons Landing  	
2
2
Hazelton 	
Hope   	
Houston    -	
8
2
1
Kinnaird       '
Ladysmith	
Lake Cowichan 	
Lillooet    - -	
Lumby- 	
Lytton  	
3
3
5
1
2
1
McBride        	
Merritt	
Montrose	
1
5
20
Oliver 	
Osoyoos  —
4
2
Pouce Coupe _ -  	
2
6
Qualicum Beach    	
1
2
8
Sechelt       	
2
Silverton	
 M 18 BRITISH COLUMBIA
SCHEDULE No. 6—Continued
Municipal Superannuation Fund—Continued
Number of Contributors and Pensioners by Employer, as at March 31st, 1960
—Continued
Contributors
Class I
Class II
Class III
Pensioners
Total
Contributors
and Pensioners
Villages—Continued
Smithers -■ ■	
Torino..  ....
Warfield             - -	
Hospitals
Royal Jubilee    	
Vancouver General..
Miscellaneous Employers
Civic   Properties   Commission   (Chilliwack) 	
Cultus Lake Park Board  —
Greater Nanaimo Water District 	
Greater Vancouver Water District —
Greater  Vancouver  Sewerage   and
Drainage District  	
Greater Victoria Water District- 	
North Shore Union Board of Health _
University Endowment Lands 	
Vancouver Public Aquarium Association
Vancouver Housing Authority 	
School Districts
Alberni (No. 70) 	
Alert Bay (No. 73) —
Arrow Lakes (No. 10)	
Burnaby (No. 41) 	
Campbell River (No. 72) 	
Castlegar (No. 9)    	
Chilliwack (No. 33) 1	
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 George (No. 57) 	
Prince Rupert (No. 52) 	
Princeton (No. 17) 	
Qualicum (No. 69)  	
li
377
1
1
6
314
11
27
4
11
4
7
25
1
8
105
12
13
16
20
1
16
7
6
11
24
32
10
18
5
4
10
22
29
63
10
14
31
4
3
4
14
271
21
1,009
1
15
2
16
43
3
10
2
3
2
3
2
3
5
5
12
3
li
7
6
63
180
33
13
3
1
13
2
9
12
2
422
3i
1,566
1
1
7
362
24
32
20
32
5
41
3
9
161
13
16
29
26
1
19
13
7
14
38
34
14
20
8
6
13
29
43
87
15
li
21
37
5
3
5
Inactive accounts, but eligible for pension benefits.
 MUNICIPAL SUPERANNUATION REPORT,  1959/60 M 19
SCHEDULE No. 6—Continued
Municipal Superannuation Fund—Continued
Number of Contributors and Pensioners by Employer, as at March 31st, 1960
—Continued
Contributors
Class I
Class II
Class III
Pensioners
Total
Contributors
and Pensioners
School Districts—Continued
Richmond (No. 38)....	
Saanich (No. 63)	
Salmon Arm (No. 20)  	
Sechelt (No. 46)   	
Slocan (No. 8)—	
Smithers (No. 54)-— —
Sooke (No. 62)	
South Okanagan (No. 14) ...
Surrey (No. 36)	
Terrace (No. 53) -	
Trail (No. 11)	
42
14
12
10
2
13
16
15
Vancouver (No. 39)	
Vanderhoof (No. 56).
Vernon (No. 22)..
West Vancouver (No. 45)..
Victoria (No. 61)	
Williams Lake (No. 27)	
10
39
li
396
8
16
21
136
17
26
3
176
2
6
16
37
5
Totals..
. 7i
I 7,673
6i
2,130
41
2,946
3
118
3
2
29
70
18
12
13
2
14
17
16
10
48
li
690
10
25
39
202
22
2,110
171
|       14,859
1 Inactive accounts, but eligible for pension benefits.
Number of non-active unclaimed moneys accounts as at March 31st, 1960, eighty-eight.
Printed by Don McDiarmid, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1961
385-1260-9132
 

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