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Appendix 5.1: Registered Superannuation Schemes in Force on Scheme Balance Dates in 2004: Analysis by Nature of Scheme


Report of the Government Actuary for the Year Ended 30 June 2005

[ Last Updated 13 November 2006 ]


All Employer Sponsored Schemes and all NPF Employer Sponsored Schemes
In force on scheme balance dates in the 12 months: Included in (b):
to 31 Dec 1990
(a)
to 31 Dec 2004
(b)
Prior period reports
(c)
Terminating Schemes
(d)
Number of schemes 2,242 463 10 48
Membership:
Actives 273,065 253,547 80 1,414
Deferreds 3,032 1,672 1 4
Pensioners 34,644 25,141 12 32
Total members 310,741 280,360 93 1,450
Accounts Summary ($millions):
Opening balance 9,624.8 9,216.7 5.7 83.9
Contributions 646.6 1081.7 0.4 7.7
Net Investment Income 571.9 922.1 0.4 6.1
Benefit Payments 1,334.9 1041.7 0.7 41.4
Closing balance 9,508.4 10,178.7 5.9 56.3

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 31/12/04; 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 31/12/04; 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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