I.—llA.

CIVIL SERVICE SUPERANNUATION BILL, 1906 (REPORT OF THE ACTUARY ON).

Para. 1. Reference. 2. Data. 3. Classification of data. 4. Summaries of statistics. 5. Basis of valuations. 6. Bate of interest. 7. Table of mortality. 8. Widows and orphans' annuities. 9. Age at retirement. 10. Premature retirements and withdrawals. 11. Scales of salaries. 12. Besults of valuations. 13. Explanatory illustration.

Para. 14. Different kinds of liabilities. 15, 16, 17, 18. Proper treatment of liabilities. 19. Differences in schemes explained. 20. Bates of contribution. ' 21, 22. Proposed manner of meeting liability. - I 23. Liability accruing during first three years. i 24, 25, 26, 27. Beduced pensions not advocated for back service. 28. Becommendations. 29. Compensation, gratuities, and existing pensions. I 30, 31. Beasons for superannuation generally and the scheme recommended in particular. i 32. Conclusion.

APPENDICES. 1. Summary of benefits provided in the Civil Service Superannuation Bill, 1906. 2. Classification of data according to present age and class of employment. 3. The numbers, salaries, and contributions, arranged according to length of service; together with the' average ages, salaries, and contributions—(l) males, (2) females. 4. Present annual pay and contributions, with prospective pensions now in service—(1) males, (2) females. 5. Summary of valuations of the fund outlined in the Bill and of modifications thereof. 6. Summary of compensation, gratuities, and pensions, 1859 to 1906.

N.B —The Bill referred to throughout is the Civil Service Superannuation Bill, 1906.

Wellington, 3rd July, 1907. Reference. 1. On the 24th October, 1906, the Public Accounts Committee, hi a report to the House of Representatives, recommended "that the Civil Service Superannuation Bill, as submitted, or any other suggested scheme that will meet the position, be referred to the Actuary for examination and investigation, and that he be requested to furnish a full report on sucli scheme in time to enable it to be dealt with next session." Data. 2 On the 28th January I received instructions to include all Departments except Railways and Police. A circular was forwarded to the Departments (with the exceptions mentioned) by the Colonial Secretary's Office on the 27th February, asking for the necessary data, the last return of which was received by me on the 19th April. Since then I have given the closest attention to the matter.

2—l. 11a.

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