H.—26.

" 1937. NEW ZEALAND.

PUBLIC SERVICE SUPERANNUATION BOARD (TWENTY-NINTH ANNUAL REPORT OF THE), WITH ACCOUNTS, FOR THE FINANCIAL YEAR ENDED 31st MARCH, 1937.

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. The Board.—Mr. W. G-. Wohlmann, representative of contributors belonging to the Police Department, retired during the year, and was succeeded by Mr. D. J. Cummings. 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 shows particulars of the public servants who were contributing to the fund on the 31st March, 1937 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective rates of contribution : —

Retiring and other Allowances.—Pensions for £28,665 Bs. per annum were granted during the year as follows : For age or length of service, £18,289 7s. to 82 members (63 male and 19 female members) ; for medical unfitness for duty £4,817 4s. to 36 members ; additional to persons retired under the provisions of section 14, Finance Act, 1931, £930 17s. per annum ; to widows and children of deceased members, £3,224 per annum to 104 widows and £1,404 per annum to 54 children.

Number. Ra^ontributioi° f Annual Salary. Annual Contributions. Male. Female. Total. £ s. d. £ s. d. 5 2,188 940 3,128 350,369 0 0 17,518 9 0 6 138 21 159 43,941 9 2 2,636 9 9 7 105 8 113 35,937 1 8 2,515 11 11 8 44 5 I 49 16,510 0 0 1,320 16 0 9 32 .. 32 12,360 8 4 1,112 8 9 10 13 .. 13 6,784 15 0 678 9 6 Transfers from other 17 1 18 4,777 0 0 278 7 0 funds Totals .. 2,537 j 975 3,512 470,679 14 2 26,060 11 11 I

tj i , Number. xiatiG por Cent. » , of — Annual Salary. ,, Contribution. | ToU , Co« tt ,b„,„„. £ s. d. £ g. d. 5 15,975 2,779 18,754 4,805,478 3 4 240,273 18 2 6 1,416 141 1,557 506,744 11 8 30,404 13 6 7 855 88 943 310,640 16 8 21,744 17 2 8 415 41 456 152,269 15 10 12,181 11 8 9 141 9 150 53,642 1 8 4,827 15 9 10 28 2 30 12,422 0 0 1,242 4 0 Totals .. 18,830 3,060 21,890 5,841,197 9 2 310,675 0 3