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Thirty-sixth Annual Report of the Business Done in Pursuance of the Teachers' Pensions Act YEAR ENDED… British Columbia. Legislative Assembly 1978

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 PROVINCE OF BRITISH COLUMBIA
Thirty-sixth Annual Report
of the Business Done in Pursuance of the
Teachers' Pensions Act
YEAR ENDED DECEMBER 31
1976
Printed by K. M. MacDonald, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
197S
ISSN 0703-01 OX
  To Colonel the Honourable Walter S. Owen, Q.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 Teachers' Pensions Act during the fiscal year ended December
31, 1976.
grace McCarthy
Provincial Secretary
Provincial Secretary's Office,
Victoria, B.C., January 31, 1978.
 The Honourable Grace McCarthy,
Provincial Secretary, Victoria, B.C.
Madam: I have the honour to lay before you the Report of the business done
in pursuance of the Teachers' Pensions Act during the fiscal year ended December
31, 1976.
I have the honour to be,
Madam,
Your obedient servant,
W. H. FORREST
Commissioner of Teachers' Pensions
January 31, 1978.
 TEACHERS' PENSIONS ACT
ANNUAL REPORT
Report of Business Done in Pursuance of the Teachers' Pensions Act
During the Fiscal Year Ended December 31, 1976
Section 4n—Cost-of-living supplements totalling $4,726,410 paid during the
year were charged to Pension Account. During April 1976 the accumulated payments exceeded 1 per cent of the average annual total of contributory salaries.
Financing of cost-of-living supplements by additional employee and employer
contributions, each at the rate of 0.5 per cent of salary, commenced May 1, 1976.
The section provides for a further similar increase in contributions when the
accumulated payments again exceed 1 per cent of the average annual total of contributory salaries. Projections indicate this further increase will be effective on or
about April 1, 1978.
Sections 6, 7, and 10—Contributions received from teachers totalled
$28,701,118, made up as follows: $
Basic contributions  28,254,688
Voluntary contributions         43,022
Repayment of refunds for reinstatement        129,026
Contributions for approved periods of leave of absence         28,525
Contributions for approved military or other service        245,857
As at December 31, 1976, there were 39,786 teachers with contributory
credits in the fund, made up as follows:
Current contributors—
Teachers employed by school districts  29,500
Teachers employed other than by school districts  89
Open inactive accounts—
Teachers out of service less than two years  5,172
Teachers with deferred vested pension rights  371
Teachers out of service more than two years  4,654
Costs assumed by the Minister of Finance in respect of recognition of approved military or other service amounted to $242,191.
Section 8 (1}—Employer basic contributions received from the Minister of
Finance, matching the amount paid by teachers employed by school districts,
amounted to $28,096,988.
Section 8 (3), (4), and {5)—Employer contributions received from the British
Columbia Teachers' Federation and employers other than school districts for 89
teachers on loan, etc., amounted to $158,214.
Section 8 (8)—Reimbursement to employers of Canada Pension Plan employer contributions paid by them in respect of employees to whom the Teachers'
Pensions Act applies amounted to $4,165,279.
 I 6 BRITISH COLUMBIA
Sections 11, 11a, 14, and 15 (1)—Superannuation allowances were granted in
respect of 445 teachers, as follows:
Normal retirement age  404
Total and permanent disability       3
Death in service     13
Deferred     25
For analysis and comparative statistics, see Schedules 2, 3, and 4 appended.
Transfers totalling $490,565 were received from nine reciprocal pension plans
in respect of 61 contributors upon grant of allowance and in respect of 25 contributors following transfer of service, as follows:
Upon grant of allowance—
College Pension Fund _
Public Service Superannuation Fund
Province of Alberta Teachers' Pensions Fund	
Province of Manitoba Teachers' Retirement Allowances Fund 	
1
3
32
$
37,911
63,962
66,390
1
6,183
3
1
13,051
70,246
Province of Ontario Teachers' Superannuation
Fund 	
Province of Quebec Teachers' Pension Fund	
Province of Saskatchewan Teachers' Pensions
Fund   20 51,594
During service—
Government of Canada Public Service Pension
Account   24        180,735
Municipal Superannuation Fund     1 493
Transfers totalling $900,258 were made to five reciprocal pension plans in
respect of 20 contributors upon grant of allowance and in respect of eight contributors following transfer of service, as follows:
Upon grant of allowance— $
College Pension Fund  7        307,612
Public Service Superannuation Fund  9        526,225
Province of Alberta Teachers' Pensions Fund  3 35,007
Province of Ontario Teachers' Superannuation
Fund   1 1,128
During service—
Government of Canada Public Service Pension
Account   6 24,359
Municipal Superannuation Fund  2 5,927
Section 13 (4)—The matching portion of medical premiums deducted from
eligible recipients of a superannuation allowance was paid by the Minister of
Finance.
Sections 15 (5) and 16—Refunds were granted in respect of 1,562 teachers
and totalled $2,854,105, made up as follows: $
Resignations  1,474    2,640,355
Death in service       29       135,480
Excess contributions on grant of allowance      48        63,439
Miscellaneous         11 14,831
For analysis and comparative statistics, see Schedules 2 and 3 appended.
 TEACHERS' PENSIONS ACT—ANNUAL REPORT
I 7
Section 20—Actuarial and administrative expenses paid from the Fund
amounted to $281,637.
Section 52—Securities held by the trustees at December 31, 1976, amounted
to $357,645,850, par value, as set out in Schedule 1 appended. Transactions
during the year (par value) were as follows: $
Purchases   61,628,000
Redemptions       3,050,600
58,577,400
The average yield on securities purchased during the year was 9.475 per cent.
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.
Based on the mean of the opening and closing balances amounting to
$348,009,944, the net rate of interest earned during the year after charging administration expense of $281,637 was 7.688 per cent.
Section 28—An actuarial valuation of the assets and liabilities of the Fund is
required to be made by an actuary from time to time at intervals of not more than
five years.  The most recent valuation was carried out as at December 31, 1974.
The valuation indicates an increase in the unfunded liability from about $195
million as of December 31, 1970, to about $468 million as of December 31, 1974.
The increase of $273 million is due primarily to
(1) higher-than-anticipated increases in the general level of salaries
since 1970;
(2) improvements made in the plan benefits since 1970;
(3) inadequate statutory contribution rates; and
(4) the granting of supplementary pensions since 1970.
The actuary does not see the increase in the unfunded liability as a threat to
the continued payment of pensions to current and prospective pensioners nor to the
financial health of the pension fund, provided his recommendations to raise the
statutory contribution rates and to improve the financing of the supplementary
allowances are accepted. These recommendations are being considered by the
Government. Any change to improve financing of the plan requires statutory
amendments.
Section 37—During the year the Teachers' Pensions Board held two meetings
at which it dealt with some 10 cases in accordance with Board policies. Applications considered related to contributions for periods of leave of absence and to
disability allowances.
W. H. FORREST
Commissioner of Teachers' Pensions
 I 8
BRITISH COLUMBIA
TEACHERS' PENSIONS FUND
STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 1976
1976
ASSETS
Cash and bank deposit notes	
Contributions receivable—
Employee and employer 	
Province of British Columbia re deficit in employer reserve
(Note 1) 	
Accrued interest on investments 	
10,658,462
4,432,773
9,999,131
6,586,277
1975
$
9,097,114
4,047,381
7,592,991
4,707,685
Investments at lower of cost or par value with amortization of discounts  (Note 2) 	
(Par value 1976, $357,645,850; 1975, $299,068,450)
(Market value 1976, $320,375,728; 1975, $234,848,106)
352,832,544    296,843,692
384,509,187    322,288,863
LIABILITY AND FUND  BALANCE
Liability
Accounts payable
Fund Balance
431,482
Pensions Account, being the amount available for the payment
of current pensions   169,952,397
Employee Contributions Account   214,125,308
347,549
140,224,590
181,716,724
384,077,705    321,941,314
Subsequent event (Note 5).
Approved by:
W. H. FORREST
Commissioner of Teachers' Pensions
C. WEBSTER, CA.
Comptroller
384,509,187    322,288,863
The Commissioner of Teachers' Pensions,
Province of British Columbia.
AUDITOR'S REPORT
I have examined the statement of financial position of the Teachers' Pensions Fund as at
December 31, 1976, and the statement of changes in fund balance for the year then ended.
My examination was made in accordance with generally accepted auditing standards, and
accordingly included such tests and other procedures as I considered necessary in the circumstances.
In my opinion, these financial statements present fairly the financial position of the Fund
as at December 31, 1976, and the changes in fund balance for the year then ended in accordance with generally accepted accounting principles applied on a basis consistent with that of
the preceding year.
The actuarial valuation of the Fund is referred to in Note 1 to the financial statements.
K. M. LIGHTBODY, CA.
Acting Comptroller-General
Province of British Columbia
Victoria, B.C.,
January 3, 1978.
 TEACHERS' PENSIONS ACT—ANNUAL REPORT
I 9
TEACHERS' PENSIONS FUND
STATEMENT OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1976
Fund balance increased during year by
1976
1975
Contributions—■
$
$
Employees:
Basic   	
28,254,688
23,493,046
Voluntary 	
43,022
38,706
Reinstatement                        	
129,026
111,755
Leave of absence   	
28,525
39,206
Military or other service  	
245,857
151,738
28,701,118
23,834,451
Employers:
Basic—paid by the Province of British Columbia	
28,096,474
23,340,302
Contributions paid by employers other than school
districts for teachers on loan, etc.   _
158,214
152,744
Recognition of service  	
514
28,255,202
—
23,493,046
Province of British Columbia: Re deficit in Employer Re
serve Account    	
9,999,131
4,913,519
Transfers from other funds        .     —.  _ _.     	
490,565
459,930
Interest on investments   	
26,047,669
20,545,413
93,493,685
73,246,359
Fund balance decreased during year by
Superannuation allowance payments-
Contributory   	
Cost-of-living supplements
Refunds ....
Transfers to other funds
Reimbursements to employers of Canada Pension Plan employer contributions paid by them in respect of employees
to whom the Teachers' Pensions Act applies 	
Actuarial and administration expenses 	
Net increase in Fund balance during year
Fund balance at beginning of year	
Fund balance at end of year	
18,429,605
15,562,709
4,726,410
2,746,850
23,156,015
18,309,559
2,854,105
2,213,798
900,258
1,321,297
4,165,279
3,694,477
281,637
245,848
31,357,294
25,784,979
62,136,391
47,461,380
321,941,314
274,479,934
384,077,705
321,941,314
 I 10 BRITISH COLUMBIA
TEACHERS' PENSIONS FUND
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1976
1. Actuarial Valuation
According to the Teachers' Pensions Act, an actuarial valuation of the assets and liabilities
of the Fund is required to be made by an actuary from time to time at intervals of not more
than five years.   The most recent valuation was carried out as at December 31, 1974.
The valuation indicates an increase in the unfunded liability from about $195 million as
of December 31, 1970, to about $468 million as of December 31, 1974. The increase of $273
million is due primarily to:
(1) higher than anticipated increases in the general level of salaries since 1970;
(2) improvements made in the plan benefits since 1970;
(3) inadequate statutory contribution rates; and
(4) the granting of supplementary pensions since 1970.
The actuary does not see the increase in the unfunded liability as a threat to the continued
payment of pensions to current and prospective pensioners nor to the financial health of the
pension fund, provided his recommendations to raise the statutory contribution rates and to
improve the financing of the supplementary allowances are accepted. These recommendations
are being considered by the government. Any change to improve financing of the plan
requires statutory amendments.
The unfunded liability reflects, in part, a deficit in the amount available for the payment
of pensions in force as at December 31, 1974, when compared with the present value of the
pensions as at that date. In accordance with the actuary's recommendation, an amount of
$5,286,000 was transferred to the Pensions Account from the Employer Reserve Account.
This transfer increased the deficit in the Employer Reserve Account. As this deficit is recoverable from the Province of British Columbia, it is included in the amount of $9,999,131 shown
as receivable from the Province of British Columbia as at December 31, 1976, and received
during 1977.
2. Investments
The difference between the book value and market value of the investments is not considered to be a permanent reduction of the Fund balance available for payment of pension
benefits and therefore has not been provided for as at December 31, 1976.
3. Cost-of-living Supplementary Allowances
During April 1976 the accumulated payments exceeded 1 per cent of the average annual
total of contributory salaries. Financing of supplements by additional employee and employer
contributions, each at the rate of 0.5 per cent of salary, commenced on May 1, 1976. The Act
provides for similar increases when the net accumulated payments again exceed 1 per cent of
the average annual total of contributory salaries.
4. Pertinent Information
These financial statements show only the position of the Fund as at December 31, 1976,
and the changes in Fund balance for the year then ended and do not purport to show the
adequacy of the Fund to meet the obligations of the pension plan.
5. Subsequent Event
Subsequent to December 31, 1976, the Fund's trustees decided to depart from the previous
policy of holding investments until maturity and have adopted a policy allowing for the sale
of investments if there is an opportunity to improve the yield upon reinvestment. Pursuant to
this policy, certain investments were disposed of resulting in losses aggregating $3,808,612,
which will be charged against interest on investments in the year in which they occur. They
are not considered to be a permanent impairment of the Fund's assets, as they will be recovered
as part of future increased interest earnings.
 TEACHERS' PENSIONS ACT—ANNUAL REPORT
I 11
TEACHERS' PENSIONS FUND
Schedule 1
TRUSTEES FOR THE TEACHERS' PENSIONS FUND AND THE MINISTER OF
FINANCE FOR THE PROVINCE OF BRITISH COLUMBIA
Securities Held as at December 31, 1976
Province of British Columbia Guaranty
B.C. Hydro and Power Authority
B.C. Electric Company Limited	
B.C. Power Commission	
B.C. Railway Company 	
B.C. School Districts Serials	
B.C. School Districts Capital Financing Authority
Serials  	
B.C. School Districts Capital Financing Authority
B.C. Municipal Serials 	
B.C. Irrigation Districts Serials 	
B.C. Irrigation Districts 	
B.C. Improvement Districts 	
Nechako Improvement District Serial	
B.C. Hospital Improvement District Serials	
Greater Vancouver Sewerage and Drainage District 	
Greater Vancouver Sewerage and Drainage District Serials 	
Greater Vancouver Water District 	
Greater Vancouver Water District Serials 	
Rutland Water Works District	
Par
Value
223,292,000
1,450,750
5,606,000
83,871,000
8,161,600
3,063,000
25,127,000
573,000
200,000
753,500
984,000
646,000
471,000
980,000
369,000
1,528,000
500,000
56,000
Book
Value
219,556,139
1,400,085
5,571,346
83,486,951
7,831,974
3,037,629
24,941,452
551,574
197,310
752,571
976,877
639,863
464,832
979,871
365,365
1,526,390
483,000
55,399
Market
Value
196,052,233
1,072,514
3,513,810
82,221,762
7,645,083
2,726,743
21,135,185
540,611
174,240
602,984
865,436
557,886
440,502
764,890
323,207
1,210,787
465,100
50,182
Province of Alberta Guaranty
Alberta Municipal Financing Corporation
14,000
13,916
12,573
357,645,850    352,832,544   320,375,728
 I
12
BRITISH COLUMBIA
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 TEACHERS' PENSIONS ACT—ANNUAL REPORT
I   13
TEACHERS' PENSIONS FUND
Schedule 3
Comparative Statistics, January 1, 1959, to December 31, 1976,
Subdivided According to Sex of Contributor
Fiscal Year
Number of
Contributors
Number of
Refunds
Granted
Number of
Allowances
Granted
Number of
Deaths and
Expirations
Number of
Allowances
in Force at
End of Year
Male
Female
Male
Female
Male
Female
Male
Female
Male
Female
1959  .
4,982
6,640
103
524
19
39
12
13
397
478
Nonactive1
409
1,321
Nonactive*
169
810
1965
7,123
9,020
261
930
33
92
16
20
487
802
607
1,239
323
1,422
1967                   .     .
8,329
10,665
316
898
73
112
8
34
601
1,003
704
1,882
Nonactive*
404
1,410
1969 	
10,009
12,445
1,7563
1,5033
93
174
21
28
739
1,250
886
2,144
Nonactive*   ..   ..
524
1,711
1971
10,914
12,991
393
1,204
86
153
24
50
881
1,486
1,195
2,798
Mnnnrfivf*
649
2,266
1977
11,132
12,520
430
1,276
125
197
19
28
987
1,650
Nonactivel	
1,052
2,638
713
2,458
1973           _       -   -
11,466
12,896
380
1,031
85
206
15
32
1,057
1,824
Nonactivel	
1,126
2,823
Nonactive*	
784
2,704
1974   _
12,965
15,403
359
918
147
242
30
1,183
2 036
Nonactivel 	
993
3,393
852
2,779
1975	
13,665
1,074
15,754
3,789
391
860
166
274
18
39
1,331
2,271
Nonactivel	
Nonactive* 	
970
3,278
1976	
13,884    1  15,705
445
1,117
187
258
19
62
1,499
2,467
1 302
4,147
3,599
Nonactive* 	
1,055
i Nonactive open accounts of teachers who have been out of service less than two years.
* Nonactive open accounts of teachers who have been out of service over two years.
3 Includes refund of extra compulsory contributions only (1,609).
'
 I 14 BRITISH COLUMBIA
TEACHERS' PENSIONS FUND
Schedule 4
Summary of Normal Allowances Granted During 1976
SUBDIVIDED BY YEARS OF SERVICE AND VALUE OF ALLOWANCE
Years of Service
Number of
Allowances
Granted
Average
Salary
During
Last
5 Years
Average
Annual
Allowance,
Single Life
Plan
Average
Value of
Allowance
Average
Teacher's
Share
Average
Government
Share
Tinker JO
2
61
68
70
59
55
59
30
$
15,574
13,649
13,911
15,059
16,681
17,458
19,517
23,857
$
1,704
2,748
4,164
5,916
8,340
10,488
13,116
16,152
$
18,808
30,296
45,119
64,310
88,755
108,527
140,869
157,985
$
6,404
8,499
12,398
16,743
20,165
24,393
24,945
27,066
$
12,404
10-14
21,796
H-10
32,720
7n-7d
47,567
?.-79
68,590
30-14
84,133
35-39
115,924
130,919
Average of Normal Allowances Granted During Year
25-
61
(Age)
16,523
7,908
83,445
18,221
65,223
Total Value of Normal Allowances Granted During Year
266,324
33,711,919   7,361,544  26,350,374
 I
SUBDIVIDED BY YEARS OF SERVICE AND AGE AT RETIREMENT
Years of Service
Age at Retirement
Total
Per
55
56
57
58
59
60
61
62
63
64
65
Cent
Under 10 	
1
2
1
2
2
1
1
4
3
2
6
3
3
4
2
2
1
4
1
3
5
1
7
7
9
11
4
7
11
5
10
10
11
11
15
9
4
6
3
8
10
6
6
4
9
8
9
5
2
4
4
4
9
3
3
4
6
4
3
1
17
25
19
11
9
17
2
61
68
70
59
55
89
1
10-14	
15-19 	
20-24 	
15
17
17
25-29 _	
30-34	
15
13
22
10
2
15
4
15
4
21
5
49
12
62
15
40
10
42
10
28
7
23
6
99
25
404
100
Allowances Other Than Normal Granted During 1976
Number of
Allowances
Granted
41
Death
13
Disability
3
Deferred
25
 TEACHERS' PENSIONS ACT—ANNUAL REPORT I 15
TEACHERS' PENSIONS FUND
Approved and Reciprocal Employers as at December 31,1976
Effective Date
Approved Employers
Section 11 (2) provides for the granting of a deferred allowance to a contributor who, within three years of his last contribution to the Fund, enters the
service of one or more of the following employers and becomes entitled to an
allowance:
An  employer to whom the  Teachers' Retirement Fund Act   (Alberta)
applies Nov. 22, 1971
An employer to whom the Teachers' Pensions Act (Manitoba) applies Nov. 22, 1971
An employer to whom the Teachers' Superannuation Act (Ontario) applies. Nov. 22, 1971
An employer to whom the Teachers' Pension Plan (Quebec) applies Nov. 22, 1971
An employer to whom the Teachers' Superannuation Fund Act (Saskatchewan) applies Nov. 22, 1971
Acadia University July 1, 1973
British Columbia Hydro and Power Authority Oct. 30, 1968
Government of Canada Mar. 27, 1961
Government of Province of British Columbia Mar. 27, 1961
Notre Dame University Mar. 31, 1969
Simon Fraser University Apr. 1, 1966
University of British Columbia Mar. 27, 1961
University of Victoria Mar. 27, 1961
Special Agreement With Approved Employer
Section 11 (8) provides for the transfer of funds in respect of an employee
who, within three months of termination of his service, transfers to or from the
service of the following approved employer:
Government of Canada June 22, 1973
Reciprocal Employers
Section 1 Ia provides for the method of determining pensionable service and
highest average salary together with pro rata sharing of the present value of the
allowance and transfer of funds in respect of an employee who, within three
years of termination of his service, transfers to or from the service of the following reciprocal employers:
An employer under the British Columbia Public Service Superannuation
A ct July 1, 1973
An employer under the College Pension Act July 1, 1973
An employer under the Municipal Superannuation Act July 1, 1973
Workers' Compensation Board June 5, 1974
 I 16
BRITISH COLUMBIA
TEACHERS' PENSIONS FUND
Approved Long-term Disability Salary Continuance Plans
as at December 31, 1976
Date Plan Date Plan
Employer                           Approved Employer                           Approved
Abbotsford School District 34_ Mar. 1, 1972 Powell River School District 47__._Feb. 1, 1971
Alberni School District 70 .Feb. 1, 1973 Prince  George  School District
Armstrong-Spallumcheen School ^7 Jan. 1, 1971
District 21 Oct. 1, 1972 Prince Rupert School District 52..Jan. 1, 1972
B.C. Teachers' Federation Aug. 1, 1971 Qualicum School District 69 Feb. 1, 1971
Burns Lake School District 55 Jan. 1, 1971 Queen Charlotte School District
Campbell River School District 50 Jan- h 1972
72 Feb. 1, 1971 Quesnel School District 28 Mar. 1, 1971
Central Okanagan School Dis- Revelstoke   Teachers'   Associa-
trict 23 Feb. 1, 1973 tion Mar. 13, 1975
Chilliwack School District 33 Feb. 1, 1973 Richmond School District 38 Jan. 1, 1972
Coquitlam School District 43 _Mar. 24, 1975 Saanich School District 63 Feb. 1, 1971
Courtenay School District 71 May 1, 1972 Sechelt School District 46 Feb. 1, 1972
Cowichan School District 65 Jan. 1, 1971 Shuswap School District 89 Feb. 1, 1971
Creston-Kaslo School District 86. Jan. 1, 1971 Skeena-Cassiar  School   District
Delta School District 37 June 1, 1972 8« (now Terrace School Dis-
Fernie School District 1 June 18, 1976 -  tncO Feb. 1, 1971
r. ,,     -, ,     iT.-i.-.._,             t i   -.r, m-./. Smithers School District 54 Jan. 1, 1973
Golden School District 18 July 29, 1976
Grand Forks School District 12._._May 1, 1971 So*h  Canbo° _^1 ^'^ t lm
Greater Victoria School District Southern"okanagan School" Dis-
61 Feb. 1, 1971 tdct H * July 3> 1973
Hope School District 32 Feb. 1, 1973 St;kine School District g? May j  1973
Howe Sound School District 48.._Jan. 1, 1971 Summerland School District 77__..Mar. 1, 1972
Kamloops School District 24_._____.Feb. 1, 1971 Surfey Teachers> Association. May 7, 1975
Kettle Valley School District 13_._Jan. 1, 1971 Trail SchQol District -- Jan ^ 19?2
Kimberley School District 3 Mar. 1, 1972 Vancouver Eiementary Teachers.. Jan. 1, 1972
Kitimat School District 80 .Mar. 5, 1974 Vancouver Island North School
Ladysmith School District 67 Apr. 1, 1972 District 85 July 1, 1972
Lake Cowichan School District Vanderhoof School District 56
66 Jan. 1, 1971 (now  Nechako  School  Dis-
Langley School District 35 Mar. 1, 1972 trict) Jan. 1, 1973
Lillooet School District 29 Jan. 1, 1971 Vernon School District 22 Sept. 1, 1972
Maple Ridge School District 42___Mar. 1,1972 West Vancouver School District
Mission School District 75 Jan. 1, 1972 45 Mar- l> 1972
Nanaimo School District 6 8.-.-.-June 1, 1972 West .Vancouver Teachers' As-
sociation June 14,1976
Nelson School District 7 Jan. 1, 1972 williams Lake School District
North  Vancouver  School  Dis- 27    (now   Cariboo-Chilcotin
trict 44 Mar. 1,1972 School District) Jan. 1, 1971
Penticton School District 15 June 1, 1972 Windermere School District 4 Feb. 1, 1971
Printed by K. M. MacDonald, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1978
480-378-8132

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