NATIONAL PROVIDENT FUND. EIGHTH ANNUAL REPORT OF THE BOARD FOR THE YEAR ENDED 31st DECEMBER, 1918.

Appendix to the Journals of the House of Representatives, 1919 Session I, H-17

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1919. NEW ZEALAND.

NATIONAL PROVIDENT FUND. EIGHTH ANNUAL REPORT OF THE BOARD FOR THE YEAR ENDED 31st DECEMBER, 1918.

Prepared in Terms of Section 23 of the National Provident Fund Act, 1910.

The total contributors to the fund at the 31st December, 1918, numbered 13,410, as compared with 12,124 at the close of the previous year. The total fund amounted to £246,901, an increase of £70,691. The gross annual contribution-rate at the 31st December last was £69,486 os. A total amount of £17,809 2s. was paid out through the fund during the year for maternity grants, the amount to contributors being £4,001 25., and to members of approved friendly societies £13,808. Satisfactory progress was made with the enrolment of staffs of local authorities for superannuation purposes, in terms of the 1914 Amendment Act, the majority of the principal bodies having now applied to become contributors. The expenses for the year were at the rate of 19 per cent, of the contribution income. \V. H. Hkhbiks, Chairman of the Board R. E. Hayes, Wellington, 20th September, 1919. Superintendent of the Fund, NATIONAL PROVIDENT FUND. (1.) Revenue Account for the Year ended 31st Decembeb, 1918. £ s. (i. I a 9. a. Amount of fund at beginning of year .. 170,209 1C 10 Maternity claims (section 18) .. .. 4,001. 2 0 Contributions.. .. .. .. 57,236 15 7 Maternity claims (approved friendly Intereßt .. •■ ■• 8,438 19 6 societies) .. .. .. .. 13,808 0 0 Pines .. • • ■. • • 371 9 9 Refund of contributions on lapse, reducBenefits refunded by deduction.. .. 534 12 8 tion, and withdrawal .. .. 5,605 11 0 Government contribution under Act .. 13,812 12 Hi Death: Refund of contributions .. 3,039 9 4 Refund of maternity claims by the State 17,809 2 0 j Allowances .. .. .. .. 526 410 Refunds unclaimed .. .. .. 441 12 2 ■ Pensions .. .. .. .. 314 0 8 Miscellaneous receipts.. .. .. 0 7 G Amount of fund at end of year .. .. 246,901 1 1 £274,855 8 11 £274,855 8 11 Balance-sheet us at 31st December, J!) IS. £ s. d. £ s. d. Fund as per Revenue Account .. .. 246,901 1 1 Invested with Public Trustee .. .. 224,972 5 5 Claims due and in course of payment'— * Balance with Post Office .. .. 1,902 10 4 Maternity .. .. .. .. 2,107 3 3 Balances in transit .. .. .. 720 13 1 Death .- .. •• 2,170 19 7 Contributions outstanding or in course of Allowances .. .. .. .. 185 18 5 ' transmission— * Refunds in suspense .. .. .. 1,727 1 6 (a.) Contributions in course of transDepoeits on incomplete applications to mission .. .. .. 3,533 0 7 join fund .. .. .. •• 011 5 (6.) Contributions due but not overdue 0,630 4 5 Suspense account .. .. .. 27 15 3 (c.) Contributions overdue .. .. 2,024 9 1 Contributions prepaid .. .. .. 1,588 10 10 Government subsidy due under Act , .. 13,812 12 11 Refund due in respect of maternity claims* 2,701 9 0 Pines due .. .. .. .. 253 1 2 One-half contributions of members of Expeditionary Forces due by the State* .. 1,218 9 4 £257,769 1 i £257,709 1 4 * Included in Revenue Accounf. Examined and found correct. R. E. Hayes, Robert J. Collins, Superintendent. Controller and Auditor-General.

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(2.) Numerical Statement for the Year ended 31st December, 1918.

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Numbers. Class 1. Pension Kate, 10s. Class 2. Pension Hat?, 20s. Class 3. Pension Rate, 30s. Class 4. Pension Rate, 40s. Class 5. Pension Bate : Other. Aggregate. Annual Contributions. \I. F. T. if. F. T. M. F. I. M. F. T. M. F. T. H. F. T. Number of contributors at commence- 9.119 1,062 10,181 1,054 ment of year New entrants during the year .. 1,558 571 2,129 241 Transfers from another class .. 65 15 80 50 Increases due to adjustment on ageerror, &c. 1,054 241 50 i>09 126 11 209 126 11 1,2(13 367 61 1,263 367 61 100 18 118 208 36 14 17 13 1 I 225 49 15 313 474 24 2 337 476 £ s. d. 10,794 1,330 12,124 56,706 12 4 2,343 722 j 3,065 19,494 10 0 133 29 ! 162 ' 370 14 4 495 4 4 34 I 4 j 10 2 44 0 Total .. .. .. 10,742 1,648 12,390 1,345 Discontinuances, &c. (as per detailed J, 345 228 1,573 I 198 statement below) 346 54 I : 1,691 252 787 47 26 3 S13 50 13,270 2,081 i 15,351 77,067 1 0 1,651 290 J 1,941 7,580 16 0 1 ,345 198 346 54 I 1,691 252 138 26 30 1 168 27 258 35 31 4 289 39 Total at end of year .. 9,397 1,420 j 10,817 | 1,147 1,147 292 ) 1,439 | 292 I 1,439 112 29 141 J 223 27 I 250 740 23 I 763 11,619 1,791 13,410 j 69,486 5 0 Details of Disi ontinuances, &c, rhe ring the Year. 9 34 3 9 37 348 1 9 428 203 73S 49 4 133 1 29 357 1,575 3 0 631 2,831 11 S 787 2,652 13 0 4 69 2 0 162 399 19 4 52 7 0 j Death .. .. .. .. 293 5 298 SS Notice of withdrawal .. .. 343 171 514 40 Lapse .. .. .. .. 658 42 700 65 Attainment to pension age Transfers to another class.. .. 51 10 61 58 Decreases due to adjustment on ageerror, ftc. L 85 4 39 I 40 27 67 65 7 72 58 i 16 74 4 16 39 67 72 74 5 ..I 5 5 1 I f> 8 .. 8 .... 6 1 6 1 16 3 6 19 4 4 8 '.'. " 8 . Total .. .. ..1,345 228 1,573 | 198 198 I 54 252 | 26 1 27 | 35 i 4 54 252 39 47 I 3 I 50 1,651 ! 290 1,941 7,580 16 0 Numerical Progress since Establishment. 1,857 ! 402 2,259 I 213 35 248 I 345 | 31 202 25 227 24 9 33 48 j 5 AT,.. 376 53 Totalentered .. .. .. 15,634 2,044 I 17,678 1 1,857 ; Total transferred from other classes 369 34 ; 403 202 Nil: 402 25 2,259 227 794 26 820 18,843 2,538 I 21,381 643 73 716 ■ I I 16,003 2,078 18,081 2,059 427 2,486 2,486 237 44 281 393 36 429 794 J 26 820 Il9,486 12,611 22,097 Total discontinued .. .. 6,405 637 7,042 588 Total transferred to other classes .. 201 21 222 324 ; 97 38 685 362 74 51 2 81 59 103 67 3 6 ! 106 73 47 3 ! 50 7,234 643 737 73 I 7,971 716 6,606 657 7,264 I 912 I 135 1,047 125 15 140 170 ! 9 179 47 3 50 7,877 j 810 8,687 Total contributors on books at 31st j 9,397 1,421 10,817 1,147 December, 1917 j • \ | 1,147 292 292 1,439 1,439 112 29 141 223 ' 27 250 747 23 770 11,609 1,801 i 13,410 i 69,486 5 0

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NATIONAL PROVIDENT FUND ACT, 1910. (3.) Statement of Retiring and Other Allowances for the Year ended 31st December, 1918.

NATIONAL PROVIDENT FUND AMENDMENT ACT, 1914. (3a.) Statement of Retiring and Other Allowances for the Year ended 31st December, 1918.

Approximate Cost of Paper. —Preparation, not given ; printing (950 ooples), £5 17s. 6d.

Authority : Marcus F. Marks, Government Printer, Wellington.—l9l9

Price 3d.]

Nurnl On Death. ( hi Incapacity. h I Anuual ber - Amount. On Attainment of Tot: Age 60. Otl all ier 3tiring ami .Uowances, Annual Amount. ibcr. ier. • I M. Allowances existing at beginning | 2 of year Granted during year .. .. 20 r. £ s. d. m. 186 0 0.. .. 1,287 0 0 :! V. £ s. d. 186 0 0 M. F. £ s. d. M. p. £ s, d. M. o F. £ S. d. 150 0 0 1,287 0 0 3 175 10 0 23 L.462 10 0i * * Total .. ..-22 Discontinued during year (as per \ ,. statement below) .. 1,443 0 ol 3 19 10 0 1 I :i l I ; 1,443 0 0 19 10 0 175 10 0 39 0 0 26 1 1,618 10 0 58 10 0 Existing at end of year .. 22 .. 1,423 10 0 2 1,423 10 0 2 136 10 0 24 1,560 0 0 Particulars of Retiri ing and Other All*. ing and Other Allowances discontinued during the Year. Discontinued by death Expiry Total .. .. 19 10 0 .. 1 .. i 19 10 0 1 19 10 0 1 .. 39 0 0 .... 19 10 0 1 .. 39 0 0 .. .. .. .. 19 10 0 1 .. 39 0 (I 1 .. 58 10 0 i .. I

On Doath. On Medical Unfitness. On Attainment of ltetiring-ago. Tot Otl :ul lie her A] itirlng and Uowances. Kum uber. Annual j Amount. Nnmher Annual ™*»«- 1 £2X1 Xun Annual Amount. i her. I £ s. cl. M. F. £ S. (1. M. i< , . i £ s. d. 2 .. 142 14 0 3 j .. 232 3 0 £ s. d. 142 14 0 M. F. M. 2 F. Allowances existing at beginning • of year granted during year .. .. 8 1 .. 86 8 0 12 404 0 0 722 11 0 Total .. .. ! 8 Discontinued during year (as per statement below) 404 0 0 1 .. ; 80 S 0 5 .. '374 17 0 14 865 5 0 Existing at end of year .. 8 404 0 0 1 I .. j 86 8 0 5 .. '374 17 0 14 865 5 0 Progress of Retiring and Other A '.loivi mces sinci the Establishment of the Fund to Sit :t D, W, 1918. 'com Total granted .. .. 30 .. 1,847 0 0 Total discontinued . . j 19 10 0 4 ' .. 281 LS 0 1 .. 39 0 () 5 :S74 17 0 I 39 ! ..2,483 15. 0 1 j .. 58 10 0 1 Total existing at 31st December, 30 .. 1,827 10 0 1917 3 J .. 222 1.8 0 5 .. 374 17 0 38 I .. 2,425 5 O i _^_|