3

JEL—26

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

PUBLIC SERVICE SUPERANNUATION FUND. Statement of Contributors for the Year ended 31st March, 1929.

Particulars of Contributions discontinued during the Year.

Progress of Contributors since Date of Establishment of the Fund to 31st March, 1929.

2—H. 26.

Year ended 31st December, Year ended I j 31st March, 1908. 1912. | 1916. [ 1921. j 1929. '.. I ' Total number of contributors .. .. 7,235 10,027 13,313 15,782 ; 17,177 Total amount contributed annually .. £79,831 £109,840 £141,844 £248,020 | £254,332 Interest received .. .. .. £1,295 £16,257 £42,314 £85,312 £147,373 Number of pensions and allowances payable 122 683 1,233 1,949 2,796 Annual value of retiring and other allow- £8,881 £53,385 £88,392 £163,355 £359,084 ances payable Total amount of contributions refunded .. £484 £10,749 £23,391 £51,705 £44,234 Expenses of administration .. .. £890 £1,144 £2,318 £4,615 £8,070 Total amount of accumulated fund .. £71,481 £423,556 £896,568 £1,716,837 £2,625,943 . I Jas. B. Donald, Chairman.

Number. Annual Salary. Contributions. M. F. Total. £ s. d. £ s. d. Contributors at beginning of the year .. 15,055 1,947 17,002 4,499,045 12 6 249,021 12 3 New contributors entered during the year .. 799 240 1,039 163,163 3 4 8,880 15 0 Contributors transferred from other funds .. 7 .. 7 1,012 0 0 50 12 0 Increase by promotion during the year .. .. .. .. 162,631 0 0 8,427 4 9 Totals .. .. .. 15,861 2,187 18,048 4,825,85115 10 266,380 4 0 Contributions discontinued during the year 594 277 -871 204,056 14 2 12,048 10 11 Total contributors at end of year 15,267 1,910 17,177 4,621,795 1 8 254,331 13 1

Number. Annual Amount RetiringHow discontinued. i Annual Salary. paid on allowance M. F. Total. ; Contributions. Retirement. granted £ s. d. £ s. d. £ s. d. £ s. d. By death before retiring-allowance en- 61 4 65 19,620 6 8 1,210 11 5 10,074 0 2 2,003 0 0 tered upon (sec. 42) By retirement before retiring age (sec. 37) 400 255 655 121,744 5 0 6,531 9 10 32,675 17 7 By retirement (sec. 34) .. .. 1 1 295 0 0 29 10 0 269 10 4 By retirement medically unfit (sec. 32) 23 5 28 7,879 0 0 460 8 2 .. 2,654 18 0 By retirement (sec. 61) .. .. 1 1 310 8 4 15 10 5 . - 150 0 0 By retirement at retiring age or for length 103 12 115 48,844 2 6 3,493 3 0 .. 25,625 14 0 of service (sec. 26) By transfer to other funds (sec. 120) .. 5 1 6 1,983 0 0 120 5 0 515 14 8 By reduction .. .. .. •• •• •• 3,380 11 8 187 13 1 Totals .. .. .. 594 277 871 204,056 14 2 12,048 10 11 43,535 2 930,433 12 0

Number. Annual Salary. Contributions. M. F. Total. £ s. d. £ s. d. Total entered .. .. .. .. 30,899 7,309 38,208 8,589,074 3 4 50(5,196 9 1 Total discontinued .. .. .. 15,632 5,399 21,031 3,967,279 1 8 251,864 16 0 Total existing at 31st March, 1929 .. .. 15,267 1,910 17,177 4,621,795 1 8 254,331 13 1