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Appendix 5.3: Registered Superannuation Schemes in Force on Scheme Balance Dates in 2005: Analysis by Nature of Scheme


Report of the Government Actuary for the Year Ended 30 June 2006

[ Last Updated 13 November 2006 ]


All Schemes Excluding Investment Only Schemes
In force on Scheme Balance Dates in the 12 months: Included in (b):
to 31 Dec 1990
(a)
to 31 Dec 2005
(b)
Prior period reports
(c)
Terminating Schemes
(d)
Number of schemes 2,863 590 6 70
Membership:
Actives 508,195 609,697 17 4,543
Deferreds 3,411 1,636 0 9
Pensioners 35,747 26,790 0 220
Total members 547,353 638,123 17 4,772
Accounts Summary ($millions):
Opening balance 11,044.4 16,787.9 0.8 237.9
Contributions 908.4 1,918.9 0.2 23.5
Net Investment Income 599.8 1,058.4 0.1 15.3
Benefit Payments 1,520.5 1,569.9 0.1 143.6
Closing balances 11,032.1 18,195.3 1.0 133.2
Investment Only Schemes
In force on scheme balance dates in the 12 months: Included in (b):
to 31 Dec 1990
(a)
to 31 Dec 2005
(b)
Prior period reports
(c)
Terminating Schemes
(d)
Number of schemes 2 24 0 1
Membership:
Actives 100 434 0 5
Deferreds 0 0 0 0
Pensioners 0 0 0 0
Total members 100 434 0 5
Accounts Summary ($millions):
Opening balance 51.3 10,416.2 0.0 22.0
Contributions 11.2 2,502.1 0.0 0.3
Net Investment Income - 1.7 635.8 0.0 3.0
Benefit Payments 5.5 2,493.8 0.0 5.0
Closing balance 55.3 11,060.2 0.0 20.3

Notes:

1. The data in column (b) includes data for schemes which are presumed current but which have not forwarded their annual reports for the balance date in the 12 months to 31/12/05; refer column (c).

2. The data in column (b) includes the latest data for schemes which we have been informed will terminate after the balance date in the 12 months to 31/12/05; refer column (d), which may include some cases in column (c).

3. "Net Investment Income" consists of investment income and realised and unrealised capital gains as recorded in the Statement of Financial Performance, less expenses (including the cost of insurance if any) and taxation.

4. "Benefit Payments" consists of amounts paid by way of pensions, lump sums on retirement, death, disablement, redundancy and withdrawal, and transfers to other schemes less transfers received from other schemes.

5. Some totals may not add exactly, due to rounding.


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