H.—26.

Progress of the Fund.—The following table illustrates the position of matters in relation to the fund since its inception:—

PUBLIC SERVICE SUPERANNUATION FUND. Statement of Contributors for the Year ending 31st March, 1927.

Particulars of Contributions discontinued during the Year.

Progress of Contributors since Date of Establishment of the Fund to 31st March, 1927.

2—H. 26.

3

Year ended 31st December, Year ended j : 31st March, 1908. j 1912. | 1916. 1921. 1927. Total number of contributors ... 7,235 10,027 13,313 15,782 16,914 Total amount contributed annually ... £79,831 £109,840 £141,844 £248,020 £245,635 Interest received ... ... ... £1,295 £16,257 £42,314 £85,312 £140,268 Number of pensions and allowances 122 683 1,233 1,949 2,616 payable Annual value of retiring and other £8,881 £53,385 £88,392 £163,355 £330,002 allowances payable Total amount of contributions refunded £484 £10,749 £23,391 £51,705 £45,341 Expenses of administration ... £890 £1,144 £2,318 £4,615 £7,881 Total amount of accumulated fund ... £71,481 £423,556 £896,568 £1,716,837 £2,429,290 W. Noswokthy, Chairman.

Number. "T Annual Salary. corffibSSon.. M. | F. Total. £ s. d. £ s. d. Contributors at beginning of the year .. 14,297 2,031 16,328 4,262,835 10 10 238,996 7 7 New contributors entered during the year .. 1,251 256 1,507 189,911 .17 6 10,300 9 2 Contributors transferred from other funds .. 10 1 11 3,539 0 0 185 19 0 Increase by promotion during the year .. .. .. .. 157,749 7 6 8,328 2 11 Totals .. .. •• 15,558 2,288 17,846 4,614,035 15 10 257,810 18 8 Contributions discontinued during the year .. 650 282 932 204,674 15 10 12,375 15 7 Total contributors at end of year 14,908 2,006 16,914 4,409,361 0 0 245,635 3 1

Number. Annual Amount RetiringHow discontinued. Annual Salary, contributions , p^ld on , allowance M. F. Total. Retirement. granted. £ s. d. £ s. d. £ s. d. £ s. d. By death before retiring-allowance entered 59 9 68 18,910 0 0 1,204 14 9 8,495 17 0 1,473 0 0 upon (sees. 42, 43, and 32) e.e. By retirement before retiring-age (sec. 46) 486 250 736 135,628 8 4 7,316 8 7 35,182 17 9 By retirement (sec. 38) .. •• 3 3 926 6 8 74 0 0 909 1 5 By retirement medically unfit (sec. 36) .. 19 2 21 6,189 1 8 391 10 5 .. 1,706 0 0 By retirement (sec. 29, A.A., 1909) .. 1 1 282 18 4 14 2 11 .. 158 11 0 By retirement at retiring-age or for length 76 21 97 39,729 7 6 2,993 19 11 .. 21,494 18 0 of service (sec. 35) By retirement (seo. 52, Finance Act, 1920) 1 1 485 0 0 38 16 0 .. 0 By transfer to other funds (sec. 48) .. 5 5 373 0 0 18 13 0 28 4 5 By reduction . • •• •• 2,150 13 4 123 10 0 .. Totals .. .. .. 650 282 932 204,674 15 10 12,175 15 7 44,616 0 724,938 15 0

Number. — Ammal Contributions. M. F. Total. £ s. d. £ s. d. Total entered .. .. .. •• 29,838 6,824 36,162 7,965,445 4 2 472,954 16 5 Total discontinued 14,430 4,818 19,248 3,556,084 4 2 227,319 13 4 Total existing at 31st March, 1927 .. .. 14,908 2,006 16,914 4,409,361 0 0 245,635 3 1