H.—26.

Progress of the Fund.—The following table illustrates the position of matters in relation to the fund since its inception : —

W. Noswoethy, Chairman.

PUBLIC SERVICE SUPERANNUATION FUND. Statement of Contributors for the Year ended 31st March, 1928.

Particulars of Contributions discontinued during the Year.

Progress of Contributors since Date of Establishment of the Fund to 31st March, 1928.

2—H. 26.

3

Year ended 31st December, Year ended 31st Maroh, 1908. | 1912. j 1916. j 1921. 1928. Total number of contributors ... 7,235 10,027 13,313 15,782 17,002 Total amount contributed annually ... £79,831 £109,840 £141,844 £248,020 £249,022 Interest received... ... ... £1,295 . £16,257 £42,314 £85,312 £146,790 Number of pensions and allowances 122 683 1,233 1,949 2,680 payable Annual value of retiring and other £8,881 £53,385 £88,392 £163,355 £342,881 allowances payable Total amount of contributions refunded £484 £10,749 £23,391 £51,705 £50,193 Expenses of administration ... £890 £1,144 £2,318 £4,615 £7,932 Total amount of accumulated fund ... £71,481 £423,556 £896,568 £1/716,837 £2,528,454

Number. Annual Salary. Contributions. M. F. Total. £ s. d. £ s. d. Contributors at beginning of the year .. 14,908 2,006 16,914 4,409,361 0 0 245,635 3 1 New contributors entered during the year .. 751 245 996 149,055 10 0 8,236 5 7 Contributors transferred from other funds .. 4 .. 4 1,156 0 0 62 1 0 Increase by promotion during the year .. .. .. .. 146,611 5 10 7,584 14 4 Totals .. .. .. 15,663 2,251 17,914 4,706,183 15 10 261,518 4 0 Contributions discontinued during the year .. 608 304 912 207,138 3 4 12,496 11 9 Total contributors at end of year 15,055 1,947 17,002 4,499,045 12 6 249,021 12 3

Number. Annual Amount RetiringHow discontinued. Annual Salary. p nn 4 V1 -hnfinnH paid on allowance M. P. Total. Contributions. Retirement. granted. £ s. d. £ s. d. £ s. d £ a. d. By death before retiring-allowance entered 64 2 66 24,116 18 4 1,635 12 8 14,227 11 7 1,976 0 0 upon (sees. 42 and 43) By retirement before retiring-age (sec. 37) 436 286 722 133,663 16 8 7,245 0 1 34,352 11 8 By retirement (sec. 34) .. .. 4 4 1,133 11 8 89 17 5 939 3 0 By retirement medically unfit (sec. 32) .. 21 3 24 7,512 2 6 454 16 1 .. 2,617 9 0 By retirement at retiring-age or for length 80 13 93 37,000 17 6 2,863 8 1 .. 18,733 17 0 of service (sec. 26) By transfer to other funds (sec. 120) .. 3 3 1,210 0 0 65 13 0 465 8 2 By reduction .. .. •• 2,500 16 8 142 4 5 Totals .. .. .. 608 304 912 207,138 3 4 12,496 11 9 49,984 14 523,327 6 0 I

Number. — Annual Salary. Contributions. M. F. Total. £ s. d. £ s. d. Total entered . .. .. •• 30,093 7,069 37,162 8,262,268 0 0 488,837 17 4 Total discontinued .. .. 15,038 5,122 20,160 3,763,222 7 6 239,816 5 1 Total existing at 31st March, 1928 .. .. 15,055 1,947 17,002 4,499,045 12 6 249,021 12 3