E.—26

1910. NEW ZEALAND.

PUBLIC SERVICE SUPERANNUATION BOARD (EIGHTH ANNUAL REPORT OF THE), WITH ACCOUNTS, FOR THE YEAR ENDED 31st DECEMBER, 1915.

Presented Io Parliament pursuant to the. Provisions of the Public Service Classification and Superannuation Act, 1908.

REPORT. The Board has the honour to submit the following report upon the transactions in connection with the Public Service Superannuation Fund. The Eevenue Account, balance-sheet, and statements regarding membership and retiring and other allowances will be found appended. The Board. —By the Amendment Act of last session the Government Insurance Commissioner, the State Advances Superintendent, the Secretary of the Post and Telegraph Department, and the Valuer-General are appointed ex officio members of the Board, in place of the members previously nominated by the Government. Under the above provision H. J. H. Blow, Esq., 1.5.0., ceases to be a member of the Board. Contributors. —The number of new contributors who joined the scheme during the year, and other particulars, are contained in the the following table : —

The following table contains particulars of the public servants who were contributing to the fund at the end of the year 1915 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective rates of contribution : —

Full information regarding contributors, including those who have retired from the Government service and are now on the fund will be found in the statements appended. Betiring and other Allowances. — Pensions for £11,562 6s. per annum were granted during the year, as follows : For age or length of service, £8,271 15s. per annum to sixty-eight members (sixty-four male and four female members) ; for medical unfitness for duty, £1,345 lis. to twenty members (nineteen male and one female member); to widows and ohildren of deceased members, £918 per annum to fifty-one widows, and £1,027 per annum to seventy-nine children. The largest retiring-allowance granted during the year to a contributor was £454 3s. and the smallest £1 13s. per annum, while the average was £109 ss. 9d.

I—H. 26.

Number. Rate per Cent, of Contribution as provided , by the Aet. Male> pema , e Total. Annual Salary. Annual Contributions. 5 1,266 284 6 144 17 7 91 17 8 36 9 9 17 4 10 17 2 Transfers from other 12 funds Totals ... 1,583 333 1,550 161 108 45 21 19 12 £ s. I. 108,085 15 0 23,857 1 8 15,795 8 4 6,801 13 4 3,216 5 0 2,921 0 0 2,657 15 0 £ s. d. 5,404 5 9 1,431 8 6 1,105 13 7 544 2 8 289 9 3 292 2 0 181 2 11 1,916 163,334 18 4 9,248 4 8 9,248 4 8

Rato per Cent, of Contribution as provided by the Act. 5 6 7 8 9 10 I Male. 7,309 1,318 970 710 574 490 Number. Female. 1,032 151 88 76 35 27 Number. :. I Total. 8,341 1,469 1,058 786 609 517 Annual Salary. £ n. d. 1,107,406 13 4 308,021 5 0 243,838 6 8 196,165 12 6 170,120 16 8 142,992 8 4 Annual Contributions. £ s. d. 55,370 6 8 18,481 5 6 17,068 13 8 15,693 5 0 15,310 17 6 14,299 4 10 Totals 11,371 1,409 12,780 2,168,545 2 6 136,223 13 2