H.—26,

1933. NEW ZEALAND.

PUBLIC SERVICE SUPERANNUATION BOARD (TWENTY-FIFTH ANNUAL REPORT OF THE), WITH ACCOUNTS, FOR THE FINANCIAL YEAR ENDED 31st MARCH, 1933.

Presented to Parliament pursuant to the Provisions of the Public Service Superannuation Act, 1927.

REPORT.

The Board has the honour to submit the following report upon the transactions in connection with the Public Service Superannuation Fund: — The Revenue Account, balance-sheet, and statements regarding membership and retiring and other allowances will be found appended.

Contributors. —The number of new contributors who joined the scheme during the year, and other particulars, are contained in the following table : —

The following table contains particulars of the public servants who were contributing to the fund on 31st March, 1933 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective rates of contribution: —

Retiring and other Allowances. —Pensions for £40,575 3s. per annum were granted during the year as follows : For age or length of service, £32,179 10s. to 131 members (108 male and 23 female members) ; for medical unfitness for duty, £3,776 Is. to 28 members ; to 4 contributors retired under the provisions of section 14, Finance Act, 1931, £470 12s. per annum ; to widows and children of deceased members, £2,511 per annum to 81 widows, and £1,638 per annum to 63 children. Under section 114 of the Public Service Superannuation Act, 1927, the statutory allowances to widows and children were increased from £18 to £31 per annum, and from ss. per week to 10s. per week respectively. The additional expenditure on this account is recovered from the Consolidated Fund.

Number. Rate per Cent, of Annual Contribution aa provided Annual Salary. Contributions. by the Aot. Male Female. Total. f s. d. £ s. d. 5 141 199 340 31,598 6 8 1,579 18 4 6 13 12 25 4,934 11 8 296 1 6 7 5 1 6 1,330 0 0 93 2 0 8 1 2 3 433 15 0 34 14 0 9 1 .. 1 271 5 0 24 8 3 10 .. .... Transferred from other 5 4 9 2,203 13 4 110 3 8 funds ; Totals .. 166 218 384 40,771 11 8 2,138 7 9

® at ® , Number. per Gent, of Contribution as Annual Salary. n , provided by „ , m , ContnbutlonB. the Act. Male. Female. Total. £ s. d. £ s. d. 5 12,202 1,957 14,159 3,306,465 1 8 165,323 5 1 6 1,342 148 1,490 424,290 12 6 25,457 8 9 7 852 94 946 273,078 15 0 19,115 10 3 8 418 47 465 137,611 9 2 11,008 18 4 9 124 14 138 42,251 5 0 3,802 12 3 10 18 3 21 5,928 10 0 592 17 0 Totals .. 14,956 2,263 17,219 4,189,625 13 4 225,300 11 8