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1926. NEW ZEALAND.

PUBLIC SERVICE SUPERANNUATION BOARD (EIGHTEENTH ANNUAL REPORT OF THE), WITH ACCOUNTS, FOR THE FINANCIAL YEAR ENDED 31st MARCH, 1926.

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

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. —At the triennial election of members of the Board, held February, 1926, Messrs. A. Hazleton and A. H. Lamb were re-elected unopposed to represent contributors belonging to the Post and Telegraph Department, Mr. W. B. Mcllveney was elected unopposed to represent contributors belonging to the Police Department, and Messrs. Jerram, Macdonald, and Sinel were re-elected unopposed to represent contributors belonging to Departments other than the above. 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, 1926 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective rates of contribution : —

Retiring and other Allowances. —-Pensions for £44,525 15s. per annum were granted during the year as follows : For age or length of service, £40,656 16s. per annum to 149 members (126 male and 23 female members) ; under section 52 of tiie Finance Act, 1920, £135 13s. to 1 member; for medical unfitness for duty, £1,260 ss. to 15 members ; to police officer injured whilst on duty, £158 Is. to 1 member; to widows and children of deceased members, £1,457 per annum to 47 widows, and £858 per annum to 33 children.

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Number. Ratp per Cent, of j Contribution an provided i j Annual Salary. n 1 U ! 1 v„ An z i Contributions, by the Act. Ma , e j Female _ Tota l. £ s. d. £ s. d. 5 1,247 182 1,429 165,033 15 0 8,251 13 9 6 97 22 119 27,843 10 10 1,670 12 3 7 59 8 67 18,552 18 1,298 12 11 8 34 4 38 11,840 16 8 947 5 4 9 15 ... 15 4,692 1 8 422 5 9 10 5 16 1,665 15 0 166 11 6 Transfers from other 8 ... 8 2,165 10 0 113 5 6 funds Totals ... 1,465 217 1,682 231,793 10 10 12,870 7 J)

® at ® , Number. per Gent, of Contribution as — Annual Salary. ~ provided by Contributions, the Act. Male - Female. Total. ! £ s. d. £ s. d. 5 10,654 1,660 12,314 2,937,522 18 4 146,876 2 11 6 1,611 155 1,766 578,268 6 8 34,696 2 0 7 1,059 110 1,169 386,882 18 4 27,081 16 1 8 626 78 704 234,027 18 4 18,722 4 8 9 273 23 296 99,325 0 0 8,939 5 0 10 74 5 79 26,808 9 2 2,680 16 11 Totals 14,297 2,031 16,328 4,262,835 10 10 238,996 7 7