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Thirty-Eighth Annual Report of the Business Done in Pursuance of the TEACHERS' PENSIONS ACT YEAR ENDED… British Columbia. Legislative Assembly 1980

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 PROVINCE OF BRITISH COLUMBIA
Thirty-eighth Annual Report
of rhe Business Done in Pursuance of the
Teachers' Pensions Act
YEAR ENDED DECEMBER 31
1978
Victoria, 1980
Queen's Printer for British Columbia ©
ISSN 0703-010X
  To the Honourable Henry P. Bell-Irving, D.S.O., O.B.E., E.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,
1978.
EVAN M. WOLFE
Provincial Secretary and
Minister of Government Services
Office of the Provincial Secretary and
Minister of Government Services
Victoria, B.C.
December 31,1979
 The Honourable Evan M. Wolfe,
Provincial Secretary and
Minister of Government Services,
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 fiscal year ended December
31, 1978.
Respectfully submitted,
J. D. REID
Commissioner of Teachers' Pensions
December 31,1979
 TEACHERS' PENSIONS ACT
ANNUAL  REPORT
Report of the Business Done in Pursuance of the Teachers' Pensions Act
During the Fiscal Year Ended Decemher 31,1978
Section 4\~>—Cost-of-living supplements totalling $7,973,721 paid during the
year were charged to Pension Account. Financing of these 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. This 1 per cent of salary rate
of additional contributions commenced April 1, 1978.
Section 6, 7, and 10—Contributions received from teachers totalled
$36,924,898 made up as follows: $
Basic contributions   31,171,384
Cost-of-living supplementary allowances contributions     5,070,607
Voluntary contributions  46,141
Repayment of refunds for reinstatement        133,656
Contributions for approved periods of leave of absence        197,589
Contributions for approved military or other service        305,521
As at December 31, 1978, there were 41,256 teachers with contributory
credits in the Fund, made up as follows:
Current contributors—
Teachers employed by school districts   30,005
Teachers employed other than by school districts  121
Open inactive accounts —
Teachers out of service less than two years  4,904
Teachers with deferred vested pension rights  452
Teachers out of service more than two years  5,774
Section 8 (1)—Employer contributions received from the Minister of Finance
amounted to $36,356,071, made up as follows:
Matching basic and cost-of-living supplementary allowances
contributions   3 6,050,443
Recognition of service        305,628
Section 8 (3) (4) and (5)—Employer contributions received from the British
Columbia Teachers' Federation and employers other than school districts for
121 teachers on loan, etc., amounted to $191,548.
Section 8 (7)—The contribution received from the Minister of Finance in
respect of the deficit in the Employer Reserve Account amounted to $11,930,910.
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 $5,203,343.
5
 BRITISH COLUMBIA
Sections 11, 11a, 14 and 15 (1)-
in respect of 390 teachers as follows:
Normal retirement age
Total and permanent disability
Death in service	
Deferred	
-Superannuation allowances were granted
322
5
20
43
For analysis and comparative statistics see Schedules 3, 4, and 5 appended.
Transfers totalling $334,921 were received from seven reciprocal pension
plans in respect of 35 contributors upon grant of allowance and in respect of 11
contributors following transfer of service as follows:
Upon grant of allowance—
College Pension Fund
Municipal Superannuation Fund 	
Public Service Superannuation Fund	
Province of Alberta Teachers' Pensions Fund _
Province of Ontario Teachers' Superannuation
Fund 	
Province of Saskatchewan Teachers' Pensions
Fund 	
7
1
1
14
$
59,074
58,213
12,736
63,357
11
During service—
Government of
Account —
Canada Public Service Pension
11
7,750
58,493
75,298
Transfers totalling $75,303 were made to eight reciprocal pension plans in
respect of 12 contributors upon grant of allowance and in respect of six contributors
following transfer of service as follows:
Upon grant of allowance—
College Pension Fund     2
Municipal Superannuation Fund     1
Public Service Superannuation Fund     4
Province of Alberta Teachers' Pensions Fund     2
Province of Manitoba Teachers' Retirement Allowances Fund      1
Province of Ontario Teachers' Superannuation
Fund      1
Province of Saskatchewan Teachers' Pensions
Fund      1
During servicf
$
15,027
911
24,577
2,954
Government of
Account	
Canada Public  Service  Pension
Public Service Superannuation Fund
1,197
1,276
1,927
26,570
864
Section 13 (4)—The matching portion of medical premiums deducted from
eligible recipients of a superannuation allowance was paid by the Minister of
Finance.
Section 15 (5) and 16—Refunds were granted in respect of 1,406 teachers
and totalled $3,283,609 made up as follows:
Resignations  	
Death in service	
$
Excess contributions on grant of allowance
Miscellaneous 	
1,317
3,111,772
25
109,630
53
61,022
11
1,185
For analysis and comparative statistics see Schedules 3 and 4 appended.
 TEACHERS' PENSIONS ACT—ANNUAL REPORT 7
Section 20—Actuarial and administrative expenses paid from the Fund
amounted to $363,322.
Section 25—Securities held by the trustee at December 31, 1978, amounted
to $498,817,900, par value, as set out in Schedule 1 appended. Transactions during the year (par value) were as follows: $
Purchases   89,3 74,000
Redemptions      2,555,600
Sales   13,434,000
73,384,400
During the year, the Fund's trustee departed from the previous policy of
holding investments until maturity and adopted a policy allowing for the sale of
investments if there is an opportunity to improve the yield upon reinvestment.
The average yield on securities purchased during the year was 9.826 per cent.
Based on the mean of the opening and closing balances amounting to $481,308,804,
the net rate of interest earned during the year was 8.0877 after deducting losses
realized on sale of investments $1,798,566 and administration expenses $363,322.
It is anticipiated the losses will be recovered through future increased interest
earnings.
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,
1977.
The valuation indicated an unfunded liability in respect of basic pension
benefits of approximately $547,600,000 as of December 31, 1977. While this
represents an increase of $79,600,000 since December 31, 1974, the report stated
that the Plan's "funded ratio" has improved. The actuary has made recommendations to raise the statutory contribution rates and to improve the financing of the
supplementary allowances. These recommendations are being considered by the
Government.  Any change to the Plan requires statutory amendment.
Section 37—During the year the Teachers' Pensions Board held one meeting,
at which it dealt with some five cases in accordance with Board policies. Applications considered related to contributions for periods of leave of absence and to
disability allowances.
J. D. REID, F.C.I.A.
Commissioner of Teachers' Pensions
 BRITISH COLUMBIA
TEACHERS' PENSIONS FUND
STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 1978
ASSETS
1978
$
4,237,512
8,464,866
Cash and term deposits	
Contributions receivable:
Employee and employer	
Province  of  British  Columbia—deficit  in   employer  reserve
(Note  1)  _„     11,930,910
Accrued interest in investments     10,090,950
Investments in bonds issued or guaranteed by Canada or a Province
(Note 2)     494,097,082
Exhibit A
1977
$
6,578,686
5,390,684
5,938,296
7,885,726
420,857,978
528,821,320    446,651,370
LIABILITY AND  FUND  BALANCE
Liability
Accounts payable
479,457
Fund Balance (Exhibit B)
Pensions Account 	
442,871
Employee Contributions Account
230,143,263    194,314,621
298,198,600    251,893,878
528,341,863    446,208,499
528,821,320    446,651,370
The four accompanying notes are an integral part of these financial statements.
Approved by:
J. D. REID, F.C.I.A.
Superannuation Commissioner, Trustee
C. WEBSTER, C.A.
Comptroller, Superannuation Branch
June 5, 1979.
AUDITOR'S REPORT
To the Commissioner of the Teachers' Pensions Fund, and
To the Provincial Secretary and Minister of Government Services,
Province of British Columbia:
I have examined the statement of financial position of the Teachers' Pensions Fund as at
31 December 1978 and the statement 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.
I have relied upon information furnished by the Fund's consulting actuary as to the
accuracy of Note 1 to the financial statements.
In my opinion, these financial statements present fairly the financial position of the Fund
as at 31 December 1978 and the changes in its 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.
ERMA MORRISON, C.A.
Auditor General
Victoria, B.C.
7 June 1979.
 TEACHERS' PENSIONS ACT—ANNUAL REPORT
Exhibit B
TEACHERS' PENSIONS FUND
STATEMENT OF CHANGES IN FUND BALANCE
FOR THE YEAR ENDED DECEMBER 31,  1978
Fund balance increased by                                                                                        197g 1977
Contributions—                                                                                             $ $
Employees:
Basic      31,171,384 28,604,693
Cost of living supplementary allowances (Note 3) ....      5,070,607 2,745,185
Voluntary            46,141 46,130
Reinstatement          133,656 107,966
Leave of absence             197,589 256,684
Military or other service   _._        305,521 212,796
36,924,898 31,973,454
Employers:
Paid by the Province of British Columbia—
Basic       30,979,836 28,436,783
Cost-of-living supplementary allowances (Note 3)      5,070,607 2,745,185
Recognition of Service           305,628 212,591
Contributions paid by employers other than school
districts           191,548 167,910
36,547,619 31,562,469
Province of British Columbia:
Deficit in Employer Reserve Account     11,930,910 5,938,296
Transfers from other funds           633,768 277,971
Income from investments      39,575,637 32,358,995
Losses on sale of investments (Note 2)         1,798,566 3,653,566
123,814,266 98,457,619
Fund balance decreased by
Superannuation allowance payments:
Contributory       23,751,937 20,947,028
Cost-of-living supplements          7,973,721 6,096,645
31,725,658 27,043,673
Refunds          3,283,610 3,323,024
Transfers to other funds        1,104,969 975,068
Reimbursement to employers  of Canada  Pension  Plan  employer
contributions           5,203,343 4,682,756
Actuarial and administration expenses         363,322 302,304
41,680,902 36,326,825
Net increase in fund balance     82,133,364 62,130,794
Fund balance at beginning of year   446,208,499 384,077,705
Fund balance at end of year (Exhibit A)      528,341,863 446,208,499
 10 BRITISH COLUMBIA
TEACHERS' PENSIONS FUND
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31,  1978
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, 1977.
The valuation indicated an unfunded liability in respect of basic pension benefits of
approximately $547,600,000 as of December 31, 1977. While this represents an increase of
$79,600,000 since December 31, 1974, the report stated that the Plan's "funded ratio" has
improved. The actuary has made recommendations to raise the statutory contribution rates
and to improve the financing of the supplementary allowances. These recommendations are
being considered by the Government.   Any change to the plan requires statutory amendment.
The unfunded liability reflects, in part, a deficit in the amount available for the payment
of pensions in force as at December 31, 1977, when compared with the present value of the
pensions as at that date. In this connection, an amount of $15,278,379 (1977—$9,900,000)
was transferred to the Pensions Account from the Employer Reserve Account. This resulted
in a deficit of $11,930,910 in the Employer Reserve Account, which is recoverable from the
Province of British Columbia and is shown as an account receivable on the statement of
financial position.
2. Investments
Investments are carried at the lower of cost and par value. Premiums are written off in
the year of acquisition. Discounts on single maturity bonds are amortized over the term of
the bonds. Discounts on serial bonds are recognized as income as the serial redemptions
occur.    Investments held at the end of the year are as follows:
1978 1977
$ $
Book value   494,097,082    420,857,978
Par value   498,817,900   425,433,500
Market value   443,359,953    391,309,273
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, 1978.
During the year, certain investments were disposed of in order to improve the yield to
the Fund, resulting in book losses aggregating $1,798,566. It is anticipated that future increased interest earnings from reinvestment will more than offset these losses.
3. Cost-of-living Supplementary Allowances
Payment of supplementry allowances, adjusted quarterly in relation to the cost-of-living
index, commenced July 1, 1975. Financing of supplements by additional teacher and employer contributions, each at the rate of 0.5 per cent of salary, commenced on May 1, 1976.
Effective April 1, 1978, these contributions were increased to one per cent of salary for both
teachers and employers in order to continue financing pension supplements in accordance
with the statute.
4. Additional Information
These financial statements show only the position of the Fund as at December 31, 1978,
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.
 TEACHERS' PENSIONS ACT—ANNUAL REPORT 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 31,1978
Par
Value
Book
Value
Market
Value
Government of Canada   10,530,000 10,506,180 10,006,856
Province of British Columbia Guaranty
B.C. Hydro and Power Authority   352,734,000 348,796,273 311,290,442
B.C. Electric Company   653,000 642,454 483,165
B.C. Railway Company   78,966,000 78,661,359 73,276,259
B.C. School Districts Serials   3,561,400 3,422,791 3,279,938
B.C. School Districts Capital Financing Authority
Serials  .  1,930,000 1,914,766 1,625,510
B.C. School Districts Capital Financing Authority 25,127,000 24,967,689 20,159,308
B.C. Municipal Serials   258,000 250,413 238,191
B.C. Irrigation Districts Serials   163,000 160,575 134,538
B.C. Irrigation Districts   715,500 714,700 536,393
B.C. Improvement Districts   984,000 977,652 803,980
Nechako Improvement District Serial   595,000 589,348 475,256
B.C. Hospital Improvement District Serials   ..... 311,000 307,073 272,195
B.C. Waterworks Districts  94,000 93,434 74,598
Greater Vancouver Sewerage and Drainage District   980,000 979,899 746,025
Greater Vancouver Sewerage and Drainage District Serials  289,000 286,153 239,870
Greater Vancouver Water District Serials   329,000 317,814 299,801
Province of Alberta Guaranty
Alberta Municipal Financing Corporation   14,000 13,959 12,758
Province of Nova Scotia Guaranty
Nova Scotia Power   794,000 775,398 720,555
Province of Ontario Guaranty
Ontario Hydro   10,185,000 10,166,138 9,496,800
Province of Quebec   - 3,000,000 2,965,236 2,885,700
Province of Saskatchewan   6,605,000 6,587,778 6,301,815
498,817,900 494,097,082 443,359,953
 TEACHERS' PENSIONS FUND
Schedule 2
Investment Interest and Transactions
Comparative Statistics, January 1,1969 to December 31,1978
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
Overall average earned rate of fund
(net)i  __.._ 	
Average rate of return of investments
purchased in year —-	
%
5.87
7.797
$
8,920,668 |
17,210,000
3,706,100
%
6.105
7.934
$
10,167,926
18,937,500
3,206,100
%
6.263
7.052
$
11,483,774
21,108,000
3,288,100
%
6.359
7.432
$
12,974,289
24,175,000
3,376,600
%
6.544
7.927
$
14,769,956
26,654,000
4,441,100
%
6.848
9.557
$
17,185,283
24,792,000
3,205,900
%
7.108
10.161
$
20,545,413
49,792,000
10,671,100
%
7.688
9.475
$
26,047,669
61,628,000
3,050,600
%
7.137
9.399
$
28,705,429
85,032,000
17,244,350
%
8.088
9.826
$
37,777,071
Long-term investments in year:
89,374,000
15,989,600
Net increase (par value)	
13,503,900
15,731,400
17,819,900
20,798,400
22,212,900
21,586,100
39,120,900
58,577,400
67,787,650
73,384,400
161,426,158
177,669,036
196,246,583
217,981,240
242,173,560
274,479,934
312,941,314
384,077,705
446,208,499
528,341,863
*After charging administration costs
2 Includes amortization of discounts,
and calculated by reference to book value of assets.
write-off of premiums on purchases and losses on sales, but before charging administration costs.
to
M
_n
X
o
o
s
03
 TEACHERS' PENSIONS FUND
Schedule 3
Main Comparative Statistics, January 1,1941 to December 31,1978
Fiscal Year
Number of
Contributors
at End of
Fiscal Year
Contributions
Employer
Employees
Employer
C.P.P.
Abatements
Withdrawals
Number
Amount
Refunded
Allowances
Number
Granted
During
Year
Deaths
and Expirations
During
Year
Number
in Force
at End
of Year
Amount
Paid
H
W
>
o
X
m
CO
hd
W
z
co
O
z
co
>
g
c
5
m
fa
o
1941..
1945-
1949..
1955..
1959..
1965-
1969-
1972-
1973..
1974..
1975-
1976.
1977-
1978-
4,198
4,609
6,645
10,009
14,325
19,734
27,719
23,652
3,6901
3,1712
24,362
3,9491
3,4882
28,368
4,3861
3,6312
29,419
4,8631
4,2482
29,589
5,0781
4,6542
30,184
5,4041
5,0732
30,126
5,3561
5,7742
141,514
656,777
1,131,057
2,031,862
3,341,764
4,287,785
5,840,194
8,176,536
8,951,791
13,151,247
2,679,472*
23,493,046
4,913,519*
28,255,202
9,999,131"
31,562,469
5,938,296*
36,547,619
11,930,910*
297,852
445,565
824,904
2,078,017
3,764,563
6,417,059
9,372,339
14,017,285
16,153,300
19,088,332
23,834,451
28,701,118
31,973,454
36,924,898
1,719,147
2,194,024
2,407,258
3,089,240
3,694,477
4,165,279
4,682,756
5,203,343
302
489
433
554
627
1,191
3,2593
1,706
1,411
1,277
1,251
1,562
1,571
1,406
$
92,849
93,984
115,542
208,845
367,236
1,022,385
2,367,1333
2,132,556
1,960,678
2,213,370
2,213,798
2,854,105
3,323,024
3,283,610
61
57
46
51
58
125
267
322
291
389
440
445
357
390
10
13
13
23
25
36
49
52
47
51
57
81
78
S5
340
463
603
769
875
1,289
1,989
2,637
2,881
3,219
3,602
3,966
4,245
4,550
$
158,452
225,230
319,158
848,082
1,191,586
2,476,242
5,918,745
8,736,776
10,712,996
13,295,741
622,3655
15,562,709
2,746,8505
18,429,605
4,726,4105
20,947,028
6,096,6455
23,751,937
7,973,7215
i Nonactive open accounts of teachers who have been out of service less than two years.
2 Nonactive open accounts of teachers who have been out of service over two years.
3 Includes refund of extra compulsory contributions under section 12 of the Teachers' Pensions (Amendment) Act, 1968.
* Province of British Columbia re deficit in Employer Reserve Account (Note 1).
^ Cost-of-living supplements, effective July 1, 1974.    Financing by additional employee and employer contributions commenced May 1, 1976.
 14 BRITISH COLUMBIA
TEACHERS' PENSIONS FUND
Schedule 4
Comparative Statistics, January 1,1959 to December 31,1978
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 	
Nonactivei  -
Nonactive2 	
1965 	
Nonactivei	
Nonactive2  _
1969           	
4,982
409
169
7,123
607
323
10,009
886
524
11,132
1,052
713
11,466
1,126
784
12,965
993
852
13,665
1,074
970
13,884
1,302
1,055
14,182
1,280
1,142
14,263
1,254
1,330
6,640
1,321
810
9,020
1,239
1,422
12,445
2,144
1,711
12,520
2,638
2,458
12,896
2,823
2,704
15,403
3,393
2,779
15,754
3,789
3,278
15,705
4,147
3,599
16,002
4,124
3,931
15,863
4,102
4,444
103
261
1,7563
430
380
359
391
445
469
392
524
930
1,5033
1,276
1,031
918
860
1,117
1,102
1,014
19
33
93
125
85
147
166
187
134
164
39
92
"l74
197
206
242
274
258
223
226
12
16
21
19
15
21
18
19
30
38
13
20
28
28
32
30
39
62
48
47
397
487
739
987
1,057
1,183
1,331
1,499
1,603
1,729
478
802
1,250
Nonactivei	
1972 -	
1,650
Nonactivei	
1973    	
1,824
Nonactive2	
1974	
2,036
Nonactive2	
1975- -	
Nonactivei 	
Nonactive2 	
1976   	
2,271
2,467
Nonactivei	
Nonactive2 	
1977           	
2,642
Nonactivei	
Nonactive2—	
1Q78	
2,821
Nonactivei	
Nonactive2-	
i Nonactive open accounts of teachers who have been out of service less than two years.
2 Nonactive open accounts of teachers who have been out of service over two years.
3 Includes refund of extra compulsory contributions only—1,609.
 TEACHERS' PENSIONS ACT—ANNUAL REPORT
15
TEACHERS' PENSIONS FUND
Schedule 5
Summary of Normal Allowances Granted During 1978
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
44
52
58
58
51
39
20
$
16,511
16,940
18,238
20,149
23,057
22,824
27,227
$
3,155
5,234
5,307
9,915
13,737
15,214
18,401
$
$
9,959
15,124
19,415
24,996
33,161
33,841
35,603
$
10-14               	
32,643
56,124
74,112
104,966
143,151
165,642
172,788
22,684
15-19	
20-24	
41,000
54,697
25-29    	
79,970
30-34       	
109,990
35-39   	
131,801
137,185
Average of Normal Allowances Granted During Year
27 	
62
Age
20,014      1       9,179
1
1
99,248
1
23,365
75,883
Total Value of Normal Allowances Granted During Year
322      | 6,444,403      |    246,316
I 1
31,957,851      | 7,523,586
 I	
24,434,265
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
4
4
3
2
2
1
4
2
3
3
3
5
3
2
1
1
1
2
3
7
3
4
3
3
4
8
1
11
11
12
10
6
3
4
5
4
3
1
5
3
2
4
4
3
1
4
2
8
3
5
3
4
2
3
7
5
22
16
19
15
12
17
44
52
58
58
51
59
10-14                       	
14
15-19           	
16
20-24 - _	
18
25-29       	
18
30-34      	
16
18
14
12
16
15 | 25  | 51
20
21
23
24 |101
322    |
4
4
5
5 1    8
16
6
6
7
7
32
100
Allowances Other Than Normal Granted During 1978
Number of
Allowances
Granted
Death
Disability
Deferred
68
20
5
43
 16
BRITISH COLUMBIA
TEACHERS' PENSIONS FUND
Approved and Reciprocal Employers as at December 31,1978
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:
Effective Date
An employer to
applies	
whom the  Teachers' Retirement Fund Act   (Alberta)
.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' Pensions 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	
Government of Canada	
 Oct. 30, 1968
 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 Ha 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 Act..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
 TEACHERS' PENSIONS ACT—ANNUAL REPORT
TEACHERS' PENSIONS FUND
17
Approved Long-term Disability Salary Continuance Plans
as at December 31,1978
British Columbia Teachers' Federation Covering Teachers Employed by:
School District
Abbotsford No. 34	
Agassiz-Harrison No. 76-
Alberni No. 70	
Armstrong-Spallumcheen
No. 2L__	
B.C.T.F	
Burns Lake No. 55	
Effective Date
July 3, 1973
-Jan. 1, 1977
July 3, 1973
Campbell River No. 72..
Castlegar No. 9-
...July 3, 1973
....July 3, 1973
...July 3, 1973
...July 3,1973
...Jan. 1, 1976
Central Okanagan No. 23 July 3, 1973
Chilliwack No. 33 July 3, 1973
Courtenay No. 71 July 3, 1973
Cowichan No. 65 July 3, 1973
Cranbrook No. 2 Jan. 1, 1977
Creston-Kaslo No. 86 July 3, 1973
Delta No. 37 July 3,1973
Fort Nelson No. 81 Mar. 1, 1975
Grand Forks No. 12 July 3, 1973
Greater Victoria No. 61 July 3, 1973
Gulf Islands No. 64 June 1, 1976
Hope No. 32 July 3, 1973
Howe Sound No. 48 July 3, 1973
Kamloops No. 24 July 3, 1973
Keremeos No. 16 Feb. 1, 1978
Kettle Valley No. 13 July 3, 1973
Kimberley No. 3 July 3, 1973
Ladysmith No. 67 July 3, 1973
Lake Cowichan No. 66 July 3, 1973
Langley No. 35 July 3, 1973
Lillooet No. 29 July 3, 1973
Maple Ridge No. 42..
Mission No. 75	
Nanaimo No. 68	
Nelson No. 7	
 July 3, 1973
 July 3, 1973
 luly 3, 1973
 July 3, 1973
New Westminster No. 40 Oct. 1, 1978
North Thompson No. 26 Feb. 1, 1978
North Vancouver No. 44 July 3, 1973
School District Effective Date
Peace River North No. 60 June 1, 1977
Peace River South No. 59 Feb. 1, 1975
Penticton No. 15 July 3, 1973
Powell River No. 47 July 3, 1973
Prince George No. 57 July 3, 1973
Prince Rupert No. 52 July 3, 1973
Princeton No. 17 Feb. 1, 1976
Qualicum No. 69 July 3, 1973
Queen Charlotte No. 50 July 3, 1973
Quesnel No. 28 July 3, 1973
Richmond No. 38 July 3, 1973
Saanich No. 63 July 3, 1973
Sechelt No. 46 July 3, 1973
Shuswap No. 89 July 3, 1973
Skeena-Cassiar (now Terrace No. 88) July 3, 1973
Smithers No. 54 July 3, 1973
Sooke No. 62	
South Cariboo No. 30	
Stikine No. 87	
Summerland No. 77	
Trail No. 11	
Vancouver No. 39
Administrators...
.Sept. 1,1976
July 3, 1973
.July 3, 1973
July 3, 1973
July 3, 1973
July 3, 1973
Co-ordinators July 3, 1973
Elementary July 3, 1973
Secondary July 1,
Vancouver Island North
No. 85  July 3,
Vanderhoof (now Nechako
No. 56) July 3,
Vernon No. 22 July 3,
Williams Lake (now Cariboo-
Chilcotin No. 27) July 3, 1973
Windermere No. 4 July 3, 1973
1974
1973
1973
1973
Arrow Lakes Teachers' Association..
Coquitlam School District No. 43	
Fernie School District No. 1	
Golden School District No. 18	
 Sept. 15, 1978
 Mar. 24, 1975
 June 18, 1976
 July 29, 1976
Kitimat School District No. 80 Mar. 5, 1974
Revelstoke Teachers'Association Mar. 13, 1975
Southern Okanagan School District No. 14 July 3, 1973
Surrey Teachers' Association May 7, 1975
West Vancouver Teachers' Association June 14, 1976
Queen's Printer for British Columbia ©
Victoria, 1980
430-180-9625
 

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