H—l7A

APPENDIX Table I—Membership at Successive Valuations

Table II The benefits granted under the 1947 Standard Scheme in the Local Authorities' Section are briefly as follows : I. On retirement after attaining age sixty-five or after completing forty years' service and attaining age sixty (men), after attaining age sixty or after completing 30 years' service and attaining age fifty-five (women), or on earlier retirement through ill health— A pension calculated for each year of service at the rate of one one-hundred-and-twentieth of the average salary for the last five years of service, increased by a like amount, subject to a maximum increase of £3OO and a minimum of £3 15s. for each year of service. 11. On death, whether before or after retiring—(i) Leaving Neither Widow Nor Children.—A refund of all contributions paid by the employee, less any benefits received. (ii) Leaving a Widow.—An allowance of £52 per annum during widowhood. (iii) Leaving Children.—An allowance of 10s. per week on account of each child under the age of sixteen years. Where no widow's benefit is payable, a refund of all contributions paid by the employee, less benefits paid and payable in respect of children, is granted. 111. On voluntary withdrawal from the Fund— The contributions paid by the employee, less any benefits received are refunded.

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Valuation Contributors. Pensioners. Other Beneficiaries. at 31st December. Number. Annual Contributions. Annual Pensions. Number. Annual Pensions. Number. Annual Payments. Main Fund 1913 .. 1916 1919 .. 1922 1925 1937 1942 1947 5,791 9,847 15,022 20,223 23>075 20,991 17,912 15,642 £ 22,798 38,758 58,551 81,009 88,002 80,879 70,130 65,121 £ 173,864 302,305 464,767 658,459 732,946 680,532 599,548 561,248 2 8 269 612 1,112 £ 130 572 12,006 25,329 41,965 106 222 330 474 394 517 £ 2,067 4,329 6,435 9,275 7,710 13,442 Local Authorities' Section 1913 .. 1916 .. 1919 .. 1922 1925 1937 1942 1947 *1433 1,895 2,687 7,981 10,596 10,069 32,076 58,439 78,715 191,406 270,328 368,890 Annual Salaries. 3,317 j 728 14 87 139 547 691 971 1,171 7,038 12,832 63,386 87,906 142,048 *43 82 94 241 270 410 *634 1,251 1,462 3,893 4,455 18,129