H.—26A

TABLE IX. SUMMARY OF PUBLIC SERVICE SUPERANNUATION RESULTS. Valuation Balance-sheet as at 31st March, 1927. Liabilities. Males— £ £ Value of — 1,394 pensions for £285,451 3s. 9d. per annum already granted .. .. .. 2,607,584 624 pensions for £11,232 per annum granted to widows of contributors or pensioners 124,574 429 pensions for £5,577 per annum granted to children of deceased contributors or pensioners .. .. .. .. .. .. .. .. 20,274 Prospective pensions for back service .. .. .. .. .. 3,944,627 Prospective pensions for future service .. .. .. .. .. 3,248,312 Prospective pensions to widows .. .. .. .. .. .. 413,343 Prospective pensions to children .. .. .. .. .. .. 75,869 Return of contributions on death .. .. .. .. .. .. 47,351 Return of contributions on withdrawal .. .. .. .. .. 722,770 11,204,704 Females-— Value of— 169 pensions for £14,052 9s. lid. per annum already granted .. .. .. 172,393 Prospective pensions for back service .. .. .. .. .. .. 267,847 Prospective pensions for future service .. .. .. .. .. 236,780 Return of contributions on death and withdrawal .. .. .. .. 95,680 772,700 £11,977,404 Assets. £ Accumulated funds .. .. .. .. .. .. .. .. 2,493,790 Value of— Future contributions from males .. .. .. .. .. .. .. .. 2,678,693 Future contributions from females .. .. .. .. .. .. .. 145,151 Subsidy of £86,000 per annum now being paid .. .. .. .. .. .. 1,911,111 Future increases in subsidy to be provided .. .. .. .. .. .. 4,748,659 £11,977,404

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

Approximate Cost of Paper.—Preparation, not given ; printing (1,950 copies), £26 15s.

By Authority : W. A. G. Skinner, Government Printer, Wellington.—l92B.

Price. <M.]

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Year ended. Subsidy required. Subsidy paid. Shortage. 1 ___ £ £ £ £ 31st December, 1908 .. (Say) 20,000 20,000 1909 .. „ 20,000 20,000 1910 .. „ 22,500 22,500 1911 .. 48,000 23,000 25,000 52,835 1912 .. 48,000 23,000 25,000 50,559 1913 .. 48,000 48,000 1914 .. 66,000 48,000 18,000 33,335 1915 .. 66,000 48,000 18,000 31,900 1916 .. 66,000 48,000 18,000 30,526 1917 .. 86,000 48,000 38,000 61,668 1918 .. 86,000 48,000 38,000 59,014 1919 .. 86,000 86,000 1920 .. 125,000 86,000 39,000 55,462 1921 .. 125,000 86,000 39,000 53,074 1922 .. 125,000 86,000 39,000 50,788 1923 .. 172,000 86,000 86,000 107,171 1st January to 31st March 1924* .. 43,000 34,000 9,000 11,095 31st March, 1925 .. 240,000 136,000 104,000 122,688 1926 .. 240,000 86,000 154,000 173,849 1927 .. 240,000 86,000 154,000 166,361 Totals .. 1,972,500 1,168,500 804,000 1,060,325 * Taken as one-fourth of a full year's factors.