"89a586ab-6410-4310-a355-ece45b200649"@en . "CONTENTdm"@en . "MUNICIPAL SUPERANNUATION REPORT, 1946-47."@en . "http://resolve.library.ubc.ca/cgi-bin/catsearch?bid=1198198"@en . "Sessional Papers of the Province of British Columbia"@en . "British Columbia. Legislative Assembly"@en . "2016"@en . "[1948]"@en . "https://open.library.ubc.ca/collections/bcsessional/items/1.0339994/source.json"@en . "application/pdf"@en . " PROVINCE OF BRITISH COLUMBIA\nEighth Annual Report\nof the business done in pursuance of the\nMUNICIPAL\nSUPERANNUATION ACT\nfor the Year ended March 31st\n1947\nVICTORIA, B.C.:\nPrinted by Don McDiarmid, Printer to the King's Most Excellent Majesty.\n1948. To His Honour C. A. Banks,\nLieutenant-Governor of the Province of British Columbia.\nMay it please Your Honour :\nThe undersigned respectfully submits the Report of the business done in pursuance\nof the \" Municipal Superannuation Act \" during the fiscal year 1946-47.\nGEO. S. PEARSON,\nProvincial Secretary.\nProvincial Secretary's Office,\nVictoria, B.C. The Honourable G. S. Pearson,\nProvincial Secretary, Victoria, B.C.\nSIR,\u00E2\u0080\u0094I have the honour to lay before you the Report of the business done in pursuance of the \" Municipal Superannuation Act \" during the fiscal year 1946-47.\nI have the honour to be,\nSir,\nYour obedient servant,\nR. A. PENNINGTON,\nCommissioner of Municipal Superannuation. Municipal Superannuation Report, 1946-47.\nREPORT OF THE BUSINESS DONE IN PURSUANCE OF THE \"MUNICIPAL\nSUPERANNUATION ACT \" DURING THE FISCAL YEAR 1946-47.\nSection 6.\u00E2\u0080\u0094Contributions amounting to $403,783.92 were made by 4,209 Municipal\nand School Board employees.\nSection 8.\u00E2\u0080\u0094Contributions credited to the various employers' accounts, in accordance with the provisions of this section, amounted to $579,347.60.\nSection 10.\u00E2\u0080\u0094The net requirements in the case of each employer were ascertained\nin the manner prescribed by this section. Certificates of Loan were issued to the\namount of $398,222.32 in accordance with subsection (3) (c) of this section, and outstanding Certificates of Loan were reduced by the amount of $672.83 in accordance\nwith subsection (5) of this section.\nSection llA.\u00E2\u0080\u0094One allowance was granted pursuant to the provisions of clause (a)\nof this section.\nSection 13.\u00E2\u0080\u0094Superannuation allowances were granted to 153 employees.\nSection 17.\u00E2\u0080\u0094Disability allowances were granted to 6 employees who had become\ntotally and permanently disabled.\nSection 18.\u00E2\u0080\u0094Allowances were granted to dependents in the case of 11 employees\nwho died while in service.\nSection 18 (3).\u00E2\u0080\u0094Refunds amounting to $4,131.72 were made in\" the case of 4\nemployees who died while still in service.\nSection 19.\u00E2\u0080\u0094One allowance was granted pursuant to the provisions of this section.\nSection 20.\u00E2\u0080\u0094Refunds amounting to $75,760.97 were made to 411 employees who\nleft the service of their employer.\nSection 31.\u00E2\u0080\u0094Securities in the hands of the Trustees at this date are set out in\nSchedule 3 of this report.\nR. A. PENNINGTON,\nCommissioner of Municipal Superannuation. T 6 BRITISH COLUMBIA.\nMUNICIPAL SUPERANNUATION FUND.\nStatement op Revenue and Expenditure port the Period April 1st, 1946, to March 31st, 1947.\nRevenue.\nContributions as per requirements of the \" Municipal Superannuation Act \"\u00E2\u0080\u0094 \u00E2\u0096\u00A0\nEmployees, section 6 (1) _ _._._._ $403,783.92\nEmployers, section 8\u00E2\u0080\u0094\nFund \"A\" (Schedule No. 1) $426,526.70\nFund \"B \" (Schedule No. 2) 152,820.90\n 579,347.60\nInterest on investments and bank interest __ 326,877.54\nProfit on sale of securities 6,600.00\nExpenditure.\nSuperannuation allowances, chargeable to Employers' Service Pensions Accounts\u00E2\u0080\u0094\nAllowances under section 4 $211,894.95\nLess amount refunded __ 306.24\n $211,588.71\nService Pensions, Fund \" A \" $303,002.87\nLess amount refunded 465.26\n 302,537.61\nService Pensions, Fund \" B \" _ __ _ _ 499.19\n$1,316,609.06\n$514,625.51\nEmployees' retirement annuities _ $114,000.18\nLess amount refunded 6.33\nRefunds of employees' contributions\u00E2\u0080\u0094\nSection 18 $4,131.72\nSection 20 75,760.97\n113,993.85\n$628,619.36\n79,892.69\nAdministration expense _ 2,648.42\n 711,160.47\nNet increase of ledger assets $605,448.59\nLedger Assets Account as at March 31st, 1947.\nLedger assets, April 1st, 1946 _... $9,723,117.91\nNet increase of ledger assets for period April 1st, 1946, to March 31st, 1947. 605,448.59\nAdvances from Provincial Government\u00E2\u0080\u0094\nCertificates of Loan, section 10 (3) (c) $398,222.32\nLess reduction of outstanding Certificates of Loan, section 10 (5).\u00E2\u0080\u0094 672.83\n\u00E2\u0096\u00A0 397,549.49\nLedger assets, March 31st, 1947 \u00E2\u0080\u0094 $10,726,115.99 MUNICIPAL SUPERANNUATION REPORT, 1946-47. T 7\nMUNICIPAL SUPERANNUATION FUND.\nBalance-sheet as at March 31st, 1947.\nAssets. General Trustees'\nAccount. Account. Total.\nCash at Dominion Bank _._.__ $10,413.89 $14,926.05 $25,339.94\nAccounts receivable\u00E2\u0080\u0094\nContributions due from Municipalities, School Boards, etc. 96,966.66 1 96,966.66\nInvestments at cost less amortized discounts and premiums\u00E2\u0080\u0094\nDominion and Provincial Guaranteed (Schedule No. 3).... 7,460,612.67 7,460,612.67\nB.C. Government Certificates of Loan _..._ 3,144,242.58 3,144,242.58\n$107,380.55 $10,619,781.30 $10,727,161.85\nAccrued interest on investments _._ 99,914.31 99,914.31\n$107,380.55 $10,719,695.61 $10,827,076.16\nLiabilities.\nEmployees' Retirement Annuity Account at book value _. _. $4,772,947.24\nEmployers' Service Pensions Accounts at book value\u00E2\u0080\u0094\nFund \" A \" (see statement below) $5,314,226.35\nFund\"B\" (Schedule No. 2) . 457,045.05\n5,771,271.40\nReserve .. 181,869.75\nInterest received unapportioned 27.60\nSundry accounts payable \u00E2\u0080\u0094 . 1,045.86\nAccrued interest unapportioned 99,914.31\n$10,827,076.16\nEMPLOYERS' SERVICE PENSIONS ACCOUNT, FUND \"A.\"\nEmployers' balances\u00E2\u0080\u0094\nAmounts at credit (Schedule No. 1) ._.._ _ $2,350,467.99\nLess amounts at debit (Schedule No. 1) 219,578.98\nNet credit balance $2,130,889.01\nAdvances from Provincial Government\u00E2\u0080\u0094\nCash advances, section 10 (3) (a) -. $39,094.76\nCertificates of Loan, section 10 (3) (c) 3,144,242.58\n3,183,337.34\n$5,314,226.35\nCOMPTROLLER-GENERAL'S CERTIFICATE.\nI certify that the accounts of the Municipal Superannuation Fund for the year ended March 31st,\n1947, have been examined under my direction.\nUnder the terms of section 36 (1) of the \" Municipal Superannuation Act\" an actuarial valuation\nof these liabilities was made as at March 31st, 1945. The valuation balance-sheet as at that date,\ncertified by Mr. S. H. Pipe, consulting actuary, appears as Schedule No. 7 herewith.\nSubject to the foregoing remarks, I certify that the above balance-sheet is in my opinion properly\ndrawn up so as to exhibit a true and correct statement of the affairs of the Fund according to the best\nof my information and the explanations given to me and as shown by the books of the Fund.\nJ. A. CRAIG, C.A.,\nComptroller-General, Province of British Columbia.\nVictoria, B.C.,\nDecember 17th, 1947. T 8\nBRITISH COLUMBIA.\nas -\n>_B\nSHSS\na\nh _r M\ns S3\n5\u00E2\u0080\u009EB\u00C2\u00AB\n\u00E2\u0080\u00A2j \u00C2\u00AB. 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tr*\nOS\nOS\nCO\n00\nto\no\no\n00\nCO\nCM\nCM\nCM\n00\neo\nCM\nIO\nCM\nOS\n00\nto\nCM\neo\nCO\no\nCM\nOS\n1Q\nas\nc?\nCM\ntr\nOS\ntr-\nOO\nOS\nCO\n\u00C2\u00A9\n00\nCO\nto\n\u00C2\u00A9\nlO\nOS\nCO\nt-\n\u00C2\u00A9\nCO\nCO\nO\nCO\n\u00C2\u00A9\n00\n00\nCO\nrH\nCO\nO\nCO\nCO\noo\n\u00C2\u00A9\nas\nCM\nio\nOS\neo\nCM\neo\nCO\nOS\nio\nlO\nCO\nOS\nt&\n\u00C2\u00A9\nOS\nCO\n\"\nco\nCM\nOS\nCM\nCO\nCM\nus\nCO\n\u00C2\u00A9\n\u00C2\u00A9\nCM\nCM\neo\nr*1\n5!\nCO\nCO\nto\n0-\n\u00E2\u0080\u00A24\nrH*\ntrod\n\u00C2\u00A9\nCO*\nIO CT1\n00 CM\n00 \u00C2\u00A9'\n00 \u00E2\u0096\u00A0\u00C2\u00AB*\nCO CO\nC-* (M*\n^ CD\n3 I\nW > C\n(-\u00E2\u0096\u00A0___*-\ns\na 3 551\n.a -o\np e\n\u00C2\u00A3 \u00C2\u00B0 1\n-a o a \u00C2\u00BB\n55\nu\nd te ^ r'. ^_ fi \u00C2\u00AB sc.SaS-S\n.5 J? ri \"ai oi o o 'J. 5 o 2 ta o3 .m d ffl \"S\noonHfr.oMMMS^;g;5;^o,a,p.\u00C2\u00AB_H>>>> t\nJ. e\n2 2\n_J OS\n^' BO\nSis\n3 X O\nwool\nJS > MUNICIPAL SUPERANNUATION REPORT, 1946-47.\nT 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CJ\nCO\nOJ\nr^\nCO\nCJ\nCM C\nCO\nif\na\noc\ntr- O-\ncc\nCC\nc-\nec\nCJ\nrH t-\n\u00E2\u0096\u00A0*!\nc\n\u00C2\u00A9\ntr-\nec\nt-\nc-\nt-\ntr-\nc-\nGr\nco\nIC\n\"\nCJ\nc\nc\nIf\"\na\nG\nCC\na\nT\no-\n-tf\net\nc-\nrH IT\nc\ncc\n10\noc\nCO 0\"\n^\n\u00E2\u0096\u00A0*T\nto\noc\nCi\nt\n\u00E2\u0096\u00A0^\nG-\nce\n\u00C2\u00A9\ntr-\nm\n\u00C2\u00AB\n\"^\nCJ\nCO\ncc\nCJ\nCJ\nCC\nCO tr\nc\nIO\nCJ\noc\n\u00C2\u00A9\ncc\n-a\nCJ\nCJ\no\n\u00E2\u0096\u00A0\u00C2\u00BB*\nt-\nc~\nCJ\nCM\nec\nIO r-\nIT\nt-\nee C\nCC\n\u00C2\u00A9\ncc\nc\no\no\n10\n\u00C2\u00A9\n\u00C2\u00A9\ncc\n\u00C2\u00A9\n1\nIO*\ner\n\u00C2\u00A9* IT\n\u00C2\u00A9\nO\"\nc\n1-\nt>\n\u00C2\u00A9* tr\nC\nCf\no-\n10\n\u00E2\u0096\u00A0^\noc\ntr\nco\"\nV\ntc\nCO\nCJ\nCM r-\n\"-\u00E2\u0080\u00A2\nio\na-\nio\n\"\nfr-\nO\nCM*\nci\nT_\nCO T\nc\nIC\n\u00E2\u0080\u0094\nCO\nec\nCM O\"\ncc\na\nCJ\n01\nCO\nc\nN \u00C2\u00A9\nOC\ncc\nIf\nIf\ncr\nS\n&\n0\nt:\nc\n3\n\u00C2\u00AB\nif\nc\nc\nif\n.3 =\nV\n> *\nSc\ne>\na\nF\n6\n-\u00C2\u00A3\ne.\nI\ni\nf-\n<\nI\nI\n9\ns\nI\ni\nl\n*B\nP\nTJ\n5\nG\n\u00E2\u0096\u00A04-\nC\na\n1\nc\n5\nc\nQ\ne\nc\n0 \u00E2\u0096\u00A0\"\nro C\nrH\nca t>\n0 ,\u00C2\u00A3\n0 P\nrfl PC\no\nCO\nc-\nc\nz\n4.\nc\np\nc\nC\nrZ\n\u00C2\u00AB\nc\n17\ntr-\ni\n\u00E2\u0096\u00A0s\n2\n|\nz\nc\nI\nj\n1\nq\nIT\nc\nSB\n+\nac\nc\nc\ncc\nc\nc\n1\n4_\ncr\nC\"\n1\n4\n'1\nc.\ni\n4-\nC\na\nc\nC\n4-\nC\nr-\nCI\n.2\n<\nCI\ni\n5 &\nP\n\u00E2\u0096\u00A0\n>\nt\nc.\n>\na\nPC\nc\nP\n* c\n1\np\na\na\n1\nE\n.\u00C2\u00A3\np:\ne\na\n8\nI\nIt P\nxs\n0! +\u00E2\u0096\u00A0\nC. c\nS cc\nf.\n<\na\n>\n* t\n\u00C2\u00BB a\ni\nI\n\u00E2\u0080\u00A2 c\nc\n1\nH\n1\nc\n> i\n* 1\no a\nZ H\na\nc\nz\np-\nt\npc\nc\nP\ns\n0\n17\nI\nr-\nK\nJ-\nI\n: I\nP\n0 >\nB _\n\u00C2\u00A7 1\nn a\n> c\nt\nc\ne\n>\n1\n, c\ns\n1\nw T 10\nBRITISH COLUMBIA.\nSCHEDULE No. 2.\nService Pensions Accounts, Fund \" B.\"\nSummary of Employers' Accounts, April 1st, 1946, to March 31st, 1947.\nBalance\nat Credit,\nApril 1st,\n1946.\nEmployers'\nContributions.\nTransfer\nValues.\nInterest\nEarnings.\nPension\nPayments.\nFund \" B \"\u00E2\u0080\u0094\nBalance at\nCredit, March\n31st, 1947, as\nper Balance-\nsheet.\nCity of\u00E2\u0080\u0094\nChilliwack\t\nCourtenay\t\nCranbrook\t\nDuncan\t\nEnderby\t\nFernie\t\nKamloops\t\nKelowna\t\nKimberley\t\nMerritt\t\nNanaimo\t\nNelson\t\nNew Westminster\t\nNorth Vancouver\t\nPort Coquitlam\t\nPrince Rupert\t\nRevelstoke ....\nRossland\t\nTrail\t\nVancouver\t\nVernon\t\nVictoria\t\nVancouver and Districts Joint\nSewerage and Drainage Board\nDistrict of\u00E2\u0080\u0094\nBurnaby\t\nChilliwhack\t\nColdstream\t\nEsquimalt\t\nGreater Vancouver Water District\t\nLangley\t\nMaple Ridge -.\t\nNorth Cowichan\t\nNorth Vancouver\t\nOak Bay\t\nPenticton\t\nRichmond\t\nSaanich\t\nSalmon Arm\t\nSpallumcheen\t\nSurrey\t\nWest Vancouver\t\nUniversity Endowment Lands\t\nHospitals\u00E2\u0080\u0094\nRoyal Jubilee\t\nVancouver General\t\nSchool Board of\u00E2\u0080\u0094\nBurnaby, Dist. No. 41\t\nChilliwack, Dist. No. 33\t\nFernie, Dist. No. 1\t\nKamloops, Dist. No. 24\t\nMerritt, Dist. No. 31\t\nNelson, Dist. No. 7\t\nNew Westminster, Dist. No. 40\t\nNorth Vancouver, Dist. No. 44\t\nPenticton, Dist. No. 15\t\nPrince Rupert, Dist. No. 52\t\nCarried forward\t\n$279.19\n325.80\n690.35\n826.98\n736.49\n662.99\n4.69\n700.49\n7,721.86\n15,772.01\n8,171.86\n4,360.09\n1,076.60\n3,951.66\n132,579.99\n846.04\n34,106.25\n6,294.47\n212.97\n73.87\n779.92\n1,519.31\n538.46\n72.04\n905.85\n723.88\n12,724.36\n3,731.07\n299.59\n10,397.97\n2,113.67\n3,941.51\n120.85\n1,160.84\n1,896.15\n272.38\n219.28\n51.89\n776.30\n595.28\n78.39\n471.85\n$101.88\n255.81\n601.76\n11.24\n44.55\n406.69\n722.93\n486.31\n168.28\n365.64\n348.12\n2,025.47\n7,082.22\n3,331.73\n9.34\n2,274.25\n480.58\n1,255.82\n71,381.14\n581.76\n16,240.80\n100.75\n2,478.68\n416.66\n106.80\n409.42\n2,214.24\n716.50\n119.04\n517.08\n606.15\n2,924.00\n1,222.33\n543.23\n3,061.94\n35.25\n1,431.76\n3,340.00\n1,121.10\n582.20\n8,251.33\n1,379.91\n56.52\n178.92\n335.68\n282.05\n319.32\n108.77\n$262,785.49 I $141,035.95\n$666.00*\n422.00*\n422.00f\n$11.91\n15.88\n34.69\n.20\n.78\n36.06\n38.43\n31.72\n3.11\n30.92\n6.09\n305.71\n672.25\n355.98\n.17\n192.40\n46.09\n160.29\n5,897.64\n39.79\n1,477.93\n1.76\n270.10\n14.75\n4.46\n34.46\n91.62\n31.38\n( 4.60\n40.75\n35.94\n496.52\n151.98\n19.99\n417.51\n.62\n99.03\n203.12\n23.85\n10.19\n185.03\n83.13\n10.52\n7.67\n4.95\n33.04\n25.77\n8.33\n18.42\n$11,687.53\n$212.04\n17.18\n$499.19\n$392.98\n597.49\n1,326.80\n11.44\n45.33\n1,269.73\n1,497.85\n1,181.02\n176.08\n1,097.05\n354.21\n10,053.04\n23,314.44\n12,525.57\n9.51\n6,826.74\n1,603.27\n5,367.77\n210,325.45\n1,467.59\n51,824.98\n102.51\n9,409.60\n644.38\n185.13\n1,223.80\n3,807.99\n1,286.34\n195.68\n1,463.68\n1,365.97\n16,144.88\n5,105.38\n862.81\n13,877.42\n35.87\n3,644.46\n7,868.63\n1,265.80\n592.39\n9,597.20\n2,937.19\n339.42\n226.95\n235.76\n1,145.02\n903.10\n406.04\n599.04\n$416,740.78\n; Credit.\nt Debit. MUNICIPAL SUPERANNUATION REPORT, 1946-47.\nT 11\nSCHEDULE No. 2\u00E2\u0080\u0094Continued.\nService Pensions Accounts, Fund \" B \"\u00E2\u0080\u0094Continued.\nSummary of Employers' Accounts, April 1st, 1946, to March 31st, 1947\u00E2\u0080\u0094Continued.\nBalance\nat Credit,\nApril 1st,\n1946.\nEmployers'\nContributions.\nTransfer\nValues.\nInterest\nEarnings.\nPension\nPayments.\nFund \"B\"\u00E2\u0080\u0094\nBalance at\nCredit, March\n31st, 1947, as\nper Balance-\nsheet.\n$262,785.49\n$141,035.95\nj\n$11,687.53 $499.19\n$416,740.78\nSchool Board of\u00E2\u0080\u0094Continued.\n376.30\n29.69\n24,880.57\nlBO.OOt\n10.55\n1.04\n1,002.87\n.48\n166.15\n11.86\n236.85\nSurrey, Dist. No. 36 \t\n30.73\n9,276.61\n27.48\n2,308.64\n172.22\nl,731.00t\n33,429.05\n27.96\n3,517.95\n252.86\n150.00*\n\t\n6,142.74\n436.94\n\t\nTotals \t\n$291,842.86\n$152,820.90\nS12.880.48 ! $499.19\n$457,045.05\n* Credit. t Debit.\nSCHEDULE No. 3.\nTrustees of the Municipal Superannuation Fund and the Minister of Fjnance\nfor the Province of British Columbia.\nSecurities held as at March 31st, 1947.\nDescription.\nDate of\nMaturity.\nPar Value.\nCost Price.\nBook Value.\nMarket Value.\nDominion of Canada\u00E2\u0080\u0094\n3% Bonds\t\n3% Bonds\t\n3% Bonds\t\n3% Bonds\t\n3% Bonds\t\n3% Bonds\t\nProvince of British Columbia\u00E2\u0080\u0094\n3% Bonds\t\n3%% Bonds\t\n- 4% Bonds\t\n3%% Bonds\t\n3y_% Bonds\t\n3V_% Bonds\t\n5% Bonds\t\n3% Bonds\t\nSVz% Bonds\t\n3% Bonds\t\n3%% Bonds\t\n3% Bonds\t\n3Vz% Bonds\t\n3% Bonds\t\nS%% Bonds\t\n3% Bonds\t\n2%% Bonds\t\n2%% Bonds\t\n2%% Bonds\t\n2%% Bonds\t\n2%% Bonds\t\nVancouver and Districts Joint Sewerage\nand Drainage Board\u00E2\u0080\u0094\n4% Bonds\t\n4% Bonds\t\n4% Bonds\t\n4% Bonds\t\n4% Bonds\t\n4% Bonds\t\n5% Bonds\t\n5%% Bonds\t\n4% Bonds\t\n4% Bonds\t\n4% % Bonds\t\n4y2% Bonds\t\nTotals\t\nMay\nJan.\nJune\nFeb.\nOct.\nSept.\n1, 1957\n1, 1959\n1, 1960\n1, 1962\n1, 1963\n1, 1966\nJune 1,\nJune 1,\nNov. 1,\nJune 1,\nJune 1,\nJune 1,\nSept. 1,\nFeb. 1,\nJune 1\nFeb.\nJune\nFeb.\nJune 1,\nFeb. 1,\nApril 1,\nDec. 15,\nApril 15,\nJuly 20,\nJan. 15,\nFeb. 1,\nOct. 1,\n1948\n1949\n1950\n1951\n1952\n1953\n1953\n1954\n1954\n1955\n1955\n1956\n1956\n1957\n1959\n1960\n1966\n1966\n1967\n1967\n1971\nMay\nOct.\nMay\nMay\nMay\nMay\nSept.\nSept.\nOct.\nMay\nSept.\nSept.\n1, 1948\n1, 1954\n1, 1958\n1, 1959\n1, 1960\n1, 1962\n1, 1962\n1, 1962\n1, 1962\n1, 1963\n1, 1965\n1, 1970\n$1,143,600.00\n125,000.00\n275,000.00\n200,000.00\n100,000.00\n250,000.00\n$1,143,600.00\n125,000.00\n275,000.00\n200,000.00\n100,000.00\n250,000.00\n50\n2\n276:\n1,\n10\n14.\n234\n30\n19,\n25\n60\n42\n127\n3\n3,500\n30\n139\n220\n172\n100\n250\n000.00\n,000.00\n000.00\n000.00\n000.00\n000.00\n500.00\n000.00\n500.00\n000.00\n,000.00\n,000.00\n000.00\n000.00\n090.00\n,000.00\n000.00\n000.00\n,000.00\n000.00\nooo.oo\n3,000.00\n5,000.00\n10,000.00\n1,000.00\n6,000.00\n1,000.00\n3,000.00\n3,000.00\n1,000.00\n11,000.00\n5,000.00\n1,000.00\n$7,448,600.00\n48\n2\n276,\n1\n9\n13,\n254\n29,\n19,\n24\n58\n\u00E2\u0080\u00A241\n124\n\u00E2\u0096\u00A0 2\n3,500\n31,\n139\n220\n172\n100\n250\n660.00\n015.00\n617.60\n013.50\n834.00\n898.00\n485.52\n598.00\n844.10\n,665.00\n,770.00\n,437.20\n325.50\n959.80\n000.00\n050.00\n000.00\n000.00\n,000.00\n,000.00\n,000.00\n3,022.50\n5,312.50\n10,075.00\n1,087.10\n6,045.00\n1,007.50\n3,551.00\n3,416,10\n1,007.50\n11,146.50\n5,862.50\n1,191.25\n$1,143,600.00\n125,000.00\n275,000.00\n200,000.00\n100,000.00\n250,000.00\n49,729.31\n2,004.96\n276,399.05\n1,009.35\n9,912.34\n13,958.11\n246,755.27\n29,690.75\n19,733.43\n24,734.48\n59,214.30\n41,543.23\n125,225.57\n2,966.74\n3,500,000.00\n31,008.09\n139,000.00\n220,000.00\n172,000.00\n100,000.00\n250,000.00\n3,002.92\n5,198.31\n10,045.21\n1,079.17\n6,028.87\n1,005.05\n3,458.63\n3,286.98\n1,005.06\n11,105.98\n5,741.94\n1,169.57\n.,200,780.00\n131,250.00\n288,750.00\n210,000.00\n105,000.00\n262,500.00\n;,497.67\n$7,460,612.67\n50\n2,\n289,\n1,\n10,\n14,\n267,\n30,\n20,\n25,\n63,\n43,\n135,\n3,\n3,500.\n30,\n137,\n220,\n172,\n100\n250,\n500.00\n060.00\n800.00\n050.00\n500.00\n840.00\n330.00\n900.00\n670.00\n500.00\n600.00\n260.00\n890.00\n090.00\n000.00\n600.00\n610.00\n000.00\n000.00\n000.00\n000.00\n3,270.00\n5,450.00\n11,000.00\n1,100.00\n6,540.00\n1,090.00\n3,720.00\n3,870.00\n1,090.00\n11,990.00\n6,050.00\n1,250.00\n$7,623,900.00 T 12\nBRITISH COLUMBIA.\nSCHEDULE No. 4.\nMunicipal Superannuation Fund.\nComparative Statistics, April 1st, 1939, to March 31st, 1947.\nNo. of\nContributors.\nContributions.\nWithdrawals.\nAllowances.\nFiscal Year.\nEmployer.\nEmployees.\nNo.\nAmount\nrefunded.\nNo.\ngranted\nduring\nYear.\nDeaths\nand\nExpirations\nduring\nYear.\nNo. in\nForce at\nEnd of\nYear.\nAmount\npaid.\n1939-40. . .\n3,515\n3,502\n3,460\n3,295\n3,340\n3,416\n3,949\n4,209\n$376,213.96\n385,310.30\n403,590.01\n398,961.01\n411,337.12\n431,251.30\n505,050.16\n579,347.60\n$273,204.70\n279,081.09\n277,946.17\n267,876.88\n278,996.62\n298,036.94\n351,672.80\n403,783.92\n71\n99\n128\n191\n125\n116\n314\n415\n$42,575.46\n38,666.49\n46.504.88\n68,582.55\n45,792.56\n53,755.08\n74,102.47\n79,892.69\n78\n99\n116\n193\n120\n130\n215\n172\n36\n36\n34\n53\n44\n46\n51\n48\n973\n1,036\n1,118\n1,258\n1,334\n1,418\n1,582\n1,706\n$329,309.38\n339,671.98\n369,231 07\n1940-41\t\n1941-42\t\n1942 43\n408,424.19\n460,091.94\n492,423.87\n551 639 04\n1943-44\t\n1944-45\t\n1945-46\t\n1946-47\t\nTotals\n$3,491,061.46\n$2,430,599.12\n$449,872.18\n$3,579,410.83\nSCHEDULE No. 5.\nMunicipal Superannuation Fund.\nComparative Statistics, April 1st, 1945, to March 31st, 1947, subdivided according\nto Sex of Contributor.\nNumber of\nContributors.\nNumber op\nRefunds\nGRANTED.\nAllowances.\nFiscal Year.\nV\ns\nS\n1st\n6\nS\nNumber of\nAllowances\ngranted.\nNumber of\nDeaths and\nExpirations.\nNumber of\nAllowances in\nForce at End\nof Year.\nai\ns\n1)\n*\n\u00C2\u00A3\ns\n01\nft\n4)\n\u00C2\u00A3\n\u00C2\u00A3\n1945-46\u00E2\u0080\u0094\nMaximum retirement age 66...\nMaximum retirement age 60...\n1946-47\u00E2\u0080\u0094\nMaximum retirement age 65...\nMaximum retirement age 60...\n1.987\n1,089\n2,184\n1,156\n873\n869\n87\n55\n142\n56\n172\n217\n129\n41\n111\n38\n45\n23\n40\n10\n37\n7\n1\n4\n1,143\n323\n1,217\n354\n116\n135 MUNICIPAL SUPERANNUATION REPORT, 1946-47.\nT 13\nSCHEDULE No. 6.\nMunicipal Superannuation Fund.\nComparative Statistics, April 1st, 1945, to March 31st, 1947\u00E2\u0080\u0094Allowances granted\nand in Force, subdivided by Type and Plan of Allowance.\nIn Force at\nBeginning of Year.\nGranted during\nYear.\nExpired during\nYear,\nIn Force at End\nof Year.\nFiscal Year.\n6\n\"3\ne\nw\nT3\no\nc\na\nu\n0\n0\n6\n13\n'o\n*-3\nu\ns\no\ng\n13\no\n%\n5\n$\nc\n2\na\n3\nO\nai\n3\n'3\nQ\n,r3\no\nSI\n3\n0)\n\"3\nS\nGuaranteed.*\n6\n3\nc\n'o\n1-3\nT_j\n0\n6\n3\n0)\n\"3\ns\nin\ni\ns\nca\nca\ns\no\n\u00C2\u00A3\n3\n.5\n'o\n1-3\n(a.)\n(b.)\n-3\no\n1945-46\u00E2\u0080\u0094\nNormal retirement .\n297\n44\n175\n450\n24\n274\n62\n89\n3\n57\n13\n92\n4\n38\n6\n5\n....\n24\n2\n5\n7\n1\n7\n3\n1\n1\n330\n42\n183\n528\n27\n309\n67\n93\n3\nTotals\t\n516\n474\n336\n92\n70\n96\n44\n5\n31\n8\n7\n4\n1\n555\n555\n376\n96\n1946-47\u00E2\u0080\u0094\nNormal retirement\n330\n42\n183\n528\n27\n309\n67\n93\n....\n43\n3\n11\n77\n2\n33\n1\n2\n21\n1\n5\n6 [ 4\n.... | ....\n.... | ....\n9\n2\n352\n44\n189\n595\n29\n333\n66\n95\n3\nTotals\t\n555\n555\n376\n96\n57\n79\n34\n2\n27\n6\n4\n11 j ....\n1\n585\n624\n399\n98\n\u00E2\u0099\u00A6Guaranteed: (a) Superannuant died after expiration of guaranteed period; (6) guaranteed period expired,\nsuperannuant having died previously.\nSCHEDULE No. 7.\nMunicipal Superannuation Fund.\nValuation Balance-sheet as at March 31st, 1945.\nAssets. Liabilities.\nOf employer, Fund \" A \" $4,489,746 41\nOf employer, Fund \" B \" _____ 208,633.46\nOf Retirement Annuity Fund 4,223,227.79\nActuarial reserves-\nFund \" A \" ......\nFund \"B\" \t\nValue of future receipts of Fund\n\"A\" under sections 8 and 10 __\nDeficit, Fund \" B \" _.__\n1,921,607.66\n1,757,164.59\n84,301.54\n$17,763,073.79\n $13,246,911.00\n 292,935.00\nRetirement Annuity Fund 4,171,992.00\n$17,711,838.00\nSurplus, Retirement Annuity Fund 51,235.79\n$17,763,073.79\nI certify that the above balance-sheet represents the actuarial position of the Municipal Superannuation Fund as at March 31st, 1945, according to the explanations and calculations set out in my\nreport dated November 27th, 1945, to the Superannuation Commissioner relative to that Fund.\nS. H. PIPE,\nConsulting Actuary.\nVICTORIA, B.C.:\nPrinted by Don McDiarmid, Printer to the King's Most Excellent Majesty.\n1948.\n515-148-8415 "@en . "Legislative proceedings"@en . "J110.L5 S7"@en . "1948_V02_04_T1_T13"@en . "10.14288/1.0339994"@en . "English"@en . "Vancouver : University of British Columbia Library"@en . "Victoria, BC : Government Printer"@en . "Images provided for research and reference use only. For permission to publish, copy or otherwise distribute these images please contact the Legislative Library of British Columbia"@en . "Original Format: Legislative Assembly of British Columbia. Library. Sessional Papers of the Province of British Columbia"@en . "PROVINCE OF BRITISH COLUMBIA Eighth Annual Report of the business done in pursuance of the MUNICIPAL SUPERANNUATION ACT for the Year ended March 31st 1947"@en . "Text"@en . ""@en .