10

H.—26a

TABLE X

SUMMARY OF PUBLIC SERVICE SUPERANNUATION RESULTS. Valuation Balance-sheet as at 31st December, 1919. Liabilities. ~ ~ Males— £ £ Value of 789 pensions for £105,099 19s. 9d. per annum already granted .. .. 926,463 394 pensions for £7,092 per annum granted to widows of contributors or pensioners.. .. .. .. .. .. .. .. 78,002 ~ 451 pensions for £5,803 per annum granted to children of deceased contributors or pensioners .. .. .. .. .. .. 27,331 „ prospective pensions for back service .. .. .. .. .. 2,860,043 ~ ~ for future service .. .. .. .. 2,100,240 „ „ to widows .. .. .. .. .. 384,120 „ to children .. .. .. .. .. 73,887 ~ return of contributions on death .. .. .. .. .. 35,034 ~ ~ on withdrawal .. .. .'. .. 518,319 7,069,445 Females— Value of 51 pensions for £1,804 12s. Id. per annum already granted .. .. 20,314 „ prospective pensions for back service .. .. .. .. .. 158,677 „ „ for future service .. .. .. .. 162,388 ~ return of contributions on death or withdrawal .. .. .. 76,157 417,536 £7,486,981 Assets. £ Accumulated funds .. .. .. ... .. .. .. .. .. 1,288,198 Value of future contributions from males .. .. .. .. .. .. .. 1,934,577 „ „ from females .. .. .. .. .. .. .. 121,217 subsidy of £86,000 per annum .. .. .. .. .. .. .. 2,150,000 future increases in subsidy to be provided .. .. .. .. .. .. 1,992,989 £7,486,981

TABLE XI. Statement showing Subsidies paid as compared with Subsidies required under the System indicated in the Act.

Approximate Coat of Paper, —Preparation, not given: printing (4,475 copies), t;}o.

Authority : W. A. G. Skinnbk, Government Printer, Wellington.—l 922.

Price 6d.]

Year. Subsidy required. Subsidy paid. Shortage. Shortage accumulated at 4 per Cent, to 1922. I 1908 .. 1909 1910 .. 1911 .. 1912 .. 1913 .. 1914 .. 1915 .. 1916 .. 1917 .. 1918 1919 .. £ (Say) 20,000 (Say) 20,000 (Say) 22,500 48,000 48,000 48,000 00,000 66,000 66,000 86,000 86,000 80,000 £ 20,000 20,000 22,500 23,000 23,000 48,000 48,000 48,000 48,000 48,000 48,000 80,000 £ £ 25,000 25,000 38,483 37,003 18,000 18,000 18,000 38,000 38,000 24,033 23,086 22,775 46,231 44,453 Totals 662,500 180,000 237,204 182,500