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1924. NEW ZEALAND.

PUBLIC SERVICE SUPERANNUATION BOARD (SIXTEENTH ANNUAL REPORT OF THE), WITH ACCOUNTS, FOR THE FINANCIAL YEAR ENDED 31st MARCH, 1924.

Presented to Parliament pursuant to the provisions of the Public Service Classification and Superannuation Act, 1908.

EEPOET 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. —An extraordinary vacancy was created during the year by the retirement of Mr. H. A. R. Huggins as a representative of the contributors belonging to the Post and Telegraph Department. Mr. A. Hazleton, Head Office, Wellington, was elected to fill the vacancy unopposed. 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, 1924 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective rates of contribution : —

Retiring and other Allowances. —Pensions for £35,103 Is. per annum were granted during the year as follows : For age or length of service, £32,160 lis. per annum to 127 members (107"male and 20 female members) ; under section 29 of the Amendment Act, 1909, £295 12s.

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Number. Rate per Cent, of Contribution as provided — by the Act. Ma , e> P e ma le. Total. Annual Salary. Annual Contributions. I i 5 830 181 1,011 6 67 19 86 7 51 1.1 62 8 20 6 26 9 4 3 7 10 3 ... 3 Transfers from other 3 3 6 funds £ s. a. 113,103 8 4 17,574 3 4 15,008 6 8 5,453 15 0 1,552 1 8 1,285 0 0 605 5 0 £ s. d. 5,655 3 5 1,054 9 0 1,050 11 8 436 6 0 139 13 9 128 10 0 30 5 3 Totals ... 978 223 1,201 154,582 0 0 154,582 0 0 8,494 19 1

Rate per Cent, of Contribution as provided by the Act. Number. Annual Salary. Total. Annual Contributions. Male. Female. I I 5 6 7 8 9 10 1,804 170 116 82 29 7 £ s. d. £ s. d. 9,268 1,466 1,056 624 305 94 11,072 2,523,993 13 4 1,636 517,737 18 4 1,172 392,796 13 4 706 234,534 7 6 334 116,066 5 0 101 37,238 16 8 126,199 13 8 31,064 5 6 27,495 15 4 18,762 15 0 10,445 19 3 3,723 17 8 Totals 12,813 2,208 15,021 3,822,367 14 2 217,692 6 5