asked the Minister for Finance whether he has yet caused an actuarial inquiry into the Secondary Teachers' Superannuation Fund and the assets and liabilities thereof, as provided by Rule 10 (2) of Statutory Rules and Orders, 1929, No. 19, Secondary Teachers' Superannuation Scheme, 1929, and if he will state when the results of the inquiry will be communicated to the secondary teachers.
Ceisteanna—Questions. Oral Answers. - Secondary Teachers' Superannuation Fund.
The actuarial inquiry into the Secondary Teachers' Pension Fund contemplated by paragraph 10 (2) of the Secondary Teachers' Superannuation Scheme, 1929, is being carried out at the moment. It is not yet possible to say when the results of the inquiry will be available.
asked the Minister for Finance if he will state (a) the amount of teachers' contributions paid into the Secondary Teachers' Superannuation Fund for each year since 1st August, 1929: (b) the amount of schools' contributions paid for each year since 1st August, 1929; (c) the amount paid into the fund by the Minister for each year since 1st August, 1929; (d) the amount invested from the fund in each such year, the funds in which sums were invested, and the annual income derived from each; (e) the number of teachers who retired on pension in each year, and the total amount of pensions paid to them; (f) the number of teachers who withdrew from membership of the scheme for each such year, and the total amount paid to them in short service gratuities; (g) the number of teachers who died during each such year before they were eligible to retire on pension, and the total amount paid to their legal personal representatives.
I am circulating with the Official Report a statement containing the information required by the Deputy.
Following is the statement:—
|
YEAR |
1-8-1929 to 31-7-1930 |
1-8-1930 to 31-7-1931 |
1-8-1931 to 31-7-1932 |
1-8-1932 to 31-7-1933 |
1-8-1933 to 31-7-1934 |
1-8-1934 to 31-7-1935 |
||||||||||||
|
(a) Amount of Teachers' Contributions in each year |
£3,889 |
13 |
10 |
£5,731 |
0 |
3 |
£5,403 |
2 |
8 |
£7,487 |
7 |
4 |
£7,147 |
9 |
7 |
£7,573 |
5 |
3 |
|
(b) Amount of Schools' Contributions in each year |
Nil |
£2,064 |
5 |
5 |
£1,987 |
16 |
10 |
£2,478 |
10 |
6 |
£2,250 |
17 |
6 |
£2,598 |
7 |
9 |
||
|
(c) Amount paid by Minister in each year |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
||||||||||||
|
(d) Amount invested in each year |
Nil |
Nil |
Nil |
Nil |
£4,998 in purchase of £5,100 3½% 4th National Loan |
Nil |
||||||||||||
|
Dividends from Investments |
Nil |
Nil |
Nil |
Nil |
Nil |
£202 |
14 |
6 |
||||||||||
|
(e) Number of Teachers who retired on pension in each year |
12 |
29 |
12 |
16 |
10 |
6(Total, 85)* |
||||||||||||
|
Total number of Teachers on pension at end of year |
10 |
38 |
49 |
64 |
71 |
75* |
||||||||||||
|
Total amount of all pensions paid in year |
£1,344 |
1 |
5 |
£5,010 |
8 |
11 |
£6,469 |
3 |
8 |
£8,089 |
13 |
5 |
£8,617 |
16 |
2 |
£9,960 |
2 |
9 |
|
(f) Number of Teachers who withdrew from membership in each year |
9† |
3 |
5 |
4 |
11 |
11 |
||||||||||||
|
Total amount paid in Short Service Gratuities |
Nil† |
£29 |
7 |
10 |
£95 |
3 |
6 |
£217 |
11 |
9 |
£447 |
17 |
9 |
£644 |
12 |
3 |
||
|
(g) Number of Teachers who died in each year before becoming eligible for pension |
1† |
4 |
2 |
2 |
2 |
2 |
||||||||||||
|
Total amount paid to legal personal representatives in each year (Gratuities) |
Nil† |
£45 |
13 |
1 |
£115 |
9 |
0 |
£51 |
19 |
6 |
£47 |
16 |
11 |
£246 |
7 |
10h |
||
|
*The total number of Teachers who retired on pension (85) must be reduced by the number of pensions which ceased on death (10) in order to give the number on pension on 31-7-1935 (75) |
||||||||||||||||||
|
†The Short Service Gratuities and Gratuities are in some cases not paid in the year in which the resignation and deaths take place. |