Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...

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TABLES TABLE XXXV continued SELF-ADMINISTERED PENSION FUND PLANS - REVENUE ACCOUNT-2007 CONTRIBUTIONS BY SUPERANNUATION BENEFITS NAME OF PLAN Fund at the beginning of period $ EMPLOYERS $ EMPLOYEES $ ADDITIONAL CONTRIBUTION BY EMPLOYER TO MEET DEFICIENCY $ INTERESTS DIVIDENDS AND RENT $ OTHER INCOME $ TOTAL REVENUE $ PENSIONS TO RETIRED EMPLOYEES $ RETIREMENT GRATUITIES $ TOTAL $ DEATH GRANTS $ Brought Forward 5,205,747,368 72,235,295 52,185,864 2,892,178 291,619,774 150,004,187 5,774,684,666 79,718,802 29,027,089 108,745,891 739,850 51. Point Lisas Industrial Development Corporation Pension Fund Plan 51,681,675 1,368,220 1,392,136 10,970 3,295,454 1,566,014 59,314,469 542,039 1,096,396 1,638,435 52. Port Authority of Trinidad and Tobago (Daily / Weekly) Pension Plan 53. Port Authority of Trinidad and Tobago (Monthly Paid) Pension Plan 54. PriceWaterhouseCoopers Limited Pension Plan 55. RBTT Pension Plan 156,201,817 27,396,292 4,941,050 1,884,119 190,423,278 201,120 442,654 643,774 50,755 56. Republic Bank of Trinidad and Tobago Limited Pension Fund Plan 2,194,816,238 50,208,480 265,747,577 2,510,772,295 21,810,607 7,600,225 29,410,832 549,369 57. RHA Pension Plan 196,279,354 9,242,613 27,955,566 12,908,816 12,960,769 259,347,118 558,356 848,959 1,407,315 40,776 58. Scotiabank Trinidad and Tobago Limited Pension Fund Plan 422,993,780 26,238,017 23,466,089 472,697,886 5,746,949 2,495,211 8,242,160 59. Servol Limited Pension Fund Plan 18,187,360 1,004,008 1,004,008 988,482 911,845 22,095,703 425,429 425,429 60. Telecommunications Services of Trinidad and Tobago Limited Pension Fund Plan 1,207,705,473 40,059,869 13,692,144 44,682,516 1,306,140,002 29,559,768 10,554,916 40,114,684 304,663 61. Texaco (Trinidad) Limited Staff Retirement Plan 44,895,734 177,389 177,389 2,408,050 1,361,456 49,020,018 1,175,968 1,175,968 62. The Demerara Life Assurance Company of Trinidad and Tobago Limited Sales Staff Pension Fund Plan 63. The Guyana and Trinidad Mutual Fire Insurance Company Pension Plan 64. The Home Mortgage Bank Pension Fund Plan 65. The Mercantile Banking and Finance Corporation Ltd. Pension Fund Plan 66. 67. The West Indian Tobacco Company Ltd. Pension Fund Plan Thomas Peake and Company Limited Pension Plan 117,113,255 21,834,621 1,597,484 440,589 1,483,027 392,268 5,679,736 969,773 3,394,725 725,518 129,268,227 24,362,769 5,478,691 464,886 1,886,972 7,365,663 464,886 68. Trinidad Building and Loan Association Pension Fund Plan 15,986,114 28,599 816,554 16,831,267 560,785 560,785 69. Trinidad Cement Limited Employees Pension Fund Plan 601,431,813 6,330,074 4,537,778 30,153,773 12,707,948 655,161,386 10,620,148 3,807,085 14,427,233 70. Trinidad Hilton Limited Pension Fund Plan 56,054,341 562,418 361,652 3,334,303 1,007,129 61,319,843 1,292,741 895,950 2,188,691 71. Trinidad and Tobago Eletricity Commission Pension Fund Plan 3,334,606,683 47,175,864 23,588,840 153,684,449 29,312,237 3,588,368,073 87,079,979 87,079,979 6,141,929 72. Trinidad and Tobago Electricity Commission Provident Fund 9,678,993 786,565 (242,081) 10,223,477 73. Trinidad and Tobago External Telecommunications Company Limited Pension Fund 236,532,694 26,915,663 8,001,292 271,449,649 39,576 39,576 74. Trinidad and Tobago Methanol Company Limited Pension Fund Plan 164,267,461 71,352 71,352 11,308,181 175,718,346 1,454,108 437,533 1,891,641 135,014 75. Trinidad and Tobago National Petroleum Marketing Company Limited Contributory Pension Plan I 193,901,299 3,801,834 1,782,112 870,904 8,665,959 209,022,108 2,729,745 4,627,937 7,357,682 1,429 Carried Forward 14,249,916,073 211,463,301 128,652,735 2,903,148 615,819,843 577,465,480 15,786,220,580 249,459,697 63,720,927 313,180,624 7,963,785 RETURN OF CONTRIBUTION ON WITHDRAWAL $ 5,133,373 169,753 355,745 129,764 2,706,007 346,971 92,982 29,995 8,380 190,654 82,667 1,002,369 17,721 10,266,381 OTHER EXPENDITURE $ 41,488,962 3,526,235 120,259 9,199,177 1,807,722 5,043,972 47,854 5,251,799 773,759 303,984 275,988 2,492,599 590,526 35,135,646 313,223 7,819,143 1,187,904 7,107,994 122,486,746 TOTAL EXPENDITURE FUND AT END OF PERIOD $ $ 156,108,076 5,618,576,590 5,334,423 53,980,046 814,788 189,608,490 39,159,378 2,471,612,917 3,611,558 255,735,560 13,286,132 459,411,754 603,047 21,492,656 48,377,153 1,257,762,849 1,522,939 47,497,079 8,232,404 121,035,823 798,865 23,563,904 845,153 15,986,114 17,110,486 638,050,900 2,861,884 58,457,959 129,359,923 3,459,008,150 313,223 9,910,254 7,858,719 263,590,930 3,214,559 172,503,787 14,484,826 194,537,282 453,897,536 15,332,323,044 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 206 REPORT ON INSURANCE AND PENSIONS
TABLES TABLE XXXV continued SELF-ADMINISTERED PENSION FUND PLANS - REVENUE ACCOUNT-2007 CONTRIBUTIONS BY SUPERANNUATION BENEFITS NAME OF PLAN Fund at the beginning of period $ EMPLOYERS $ EMPLOYEES $ ADDITIONAL CONTRIBUTION BY EMPLOYER TO MEET DEFICIENCY $ INTERESTS DIVIDENDS AND RENT $ OTHER INCOME $ TOTAL REVENUE $ PENSIONS TO RETIRED EMPLOYEES $ RETIREMENT GRATUITIES $ TOTAL $ DEATH GRANTS $ Brought Forward 14,249,916,073 211,463,301 128,652,735 2,903,148 615,819,843 577,465,480 15,786,220,580 249,459,697 63,720,927 313,180,624 7,963,785 76. Trinidad and Tobago National Petroleum Marketing Company Limited Contributory Pension Plan II 214,998,602 2,908,750 1,363,478 8,985,756 7,171,171 235,427,757 7,704,740 6,541,288 14,246,028 18,309 77. Trinidad and Tobago Oil Company Limited Contributory Pension Fund “A” 740,175,318 4,584,483 2,228,394 2,826 95,308,242 842,299,263 13,605,536 3,294,372 16,899,908 607,419 78. Trinidad and Tobago Oil Company Limited Contributory Pension Fund “B” 842,866,681 8,201,923 4,095,711 47,150,442 56,978,409 959,293,166 8,580,729 1,077,465 9,658,194 697,480 79. Trinidad and Tobago Oil Company Limited Non-Contributory Pension Fund 113,577,206 7,364,233 10,747,953 131,689,392 4,412,777 4,412,777 72,810 80. Trinidad and Tobago Oil Company Limited Employeess’ Benefit Plan 81. Trinidad and Tobago Oil Company Limited Staff Retirement Plan 82. Trinidad and Tobago Petroleum Company Limited Employees Pension Fund Plan 83. Trinidad and Tobago Petroleum Company Limited Staff Pension Fund Plan 1,100,867,757 10,527,666 5,393,267 209,457 143,465,032 1,260,463,179 27,902,200 3,923,216 31,825,416 261,993 84. Trinidad and Tobago Port Contractors Limited Employees Pension Fund Plan 85. Trinidad and Tobago Telephone Company Limited Staff Pension Fund Plan 1,415,068,546 4,134,991 3,181,908 97,907,847 64,356,718 1,584,650,010 36,608,650 6,714,942 43,323,592 136,538 86. Trinidad and Tobago Unit Trust Corporation Pension Fund Plan 87. Trinmar Limited Employees Benefit Plan 415,381,550 12,526,079 7,306,879 22,622,297 31,631,010 489,467,815 10,545,525 2,089,945 12,635,470 102,204 88. Trintoplan Consultant Limited Staff Pension Plan 89. T. Geddes Grant (Trinidad) Staff Savings and Pension Fund Plan 90. T. Geddes Grant Limited Pension Fund Plan 91. Water and Sewerage Authority Pension Fund Plan 454,681,748 4,780,263 3,001,522 24,370,275 28,735,744 515,569,552 17,949,621 538,507 18,488,128 986,925 92. Y De Lima & Company Limited Staff Pension Fund Plan 11,194,936 206,050 771,761 12,172,747 417,349 417,349 GRAND TOTAL 19,558,728,417 259,127,456 155,223,894 3,321,481 968,457,486 872,394,727 21,817,253,461 377,186,824 87,900,662 465,087,486 10,847,463 RETURN OF CONTRIBUTION ON WITHDRAWAL $ 10,266,381 84,321 56,441 260,294 773,723 45,527 259,142 11,745,829 OTHER EXPENDITURE $ 122,486,746 4,390,626 2,189,161 2,882,210 545,712 1,977,222 25,165,454 1,206,627 239,985 263,508 161,347,251 TOTAL EXPENDITURE FUND AT END OF PERIOD $ $ 453,897,536 15,332,323,044 18,739,284 216,688,473 19,696,488 822,602,775 13,294,325 945,998,841 5,031,299 126,658,093 34,324,925 1,226,138,254 69,399,307 1,515,250,703 13,989,828 475,477,987 19,974,180 495,595,372 680,857 11,491,890 649,028,029 21,168,225,432 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - REPORT ON INSURANCE AND PENSIONS 207
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ISSN 1995-7173
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TABLE OF CONTENTS Paragraph Referen
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TABLE OF CONTENTS LIST OF TABLES TA
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OVERVIEW OF THE INSURANCE INDUSTRY
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PART I - INSURANCE COMPANIES 3. LON
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INSURANCE COMPANIES New Business Wr
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INSURANCE COMPANIES FIGURE 5 Long-T
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INSURANCE COMPANIES 3.06 Policies d
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INSURANCE COMPANIES 3.10 Assets pla
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INSURANCE COMPANIES Local Assets Ra
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INSURANCE COMPANIES 3.17 Net Premiu
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INSURANCE COMPANIES FIGURE 7 Long-T
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INSURANCE COMPANIES REINSURANCE 3.1
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GENERAL INSURANCE BUSINESS 4. GENER
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INSURANCE COMPANIES Statutory Depos
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INSURANCE COMPANIES DEPOSITS RETAIN
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INSURANCE COMPANIES GENERAL INSURAN
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INSURANCE COMPANIES SCHEDULE SHOWIN
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INSURANCE COMPANIES Underwriting Re
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INSURANCE COMPANIES REINSURANCE - M
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INSURANCE COMPANIES SCHEDULE SHOWIN
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INSURANCE COMPANIES FIGURE 10 OTHER
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INSURANCE COMPANIES REINSURANCE - P
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INSURANCE COMPANIES REINSURANCE - O
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INSURANCE COMPANIES MARGIN OF SOLVE
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INSURANCE COMPANIES 5. ASSOCIATION
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INSURANCE INTERMEDIARIES Examinatio
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PENSION FUND PLANS 7.09 The followi
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PENSION FUND PLANS Balance Sheets 7
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PENSION FUND PLANS FIGURE 12 PENSIO
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ACTUARIAL INVESTIGATIONS SUMMARIES
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APPENDIX A Directors: Secretary: Au
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APPENDIX A Directors: Secretary: Au
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APPENDIX A CARIBBEAN INSURANCE COMP
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APPENDIX A COLONIAL FIRE AND GENERA
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APPENDIX A CUNA CARIBBEAN INSURANCE
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APPENDIX A FURNESS ANCHORAGE GENERA
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APPENDIX A GUARDIAN GENERAL INSURAN
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APPENDIX A GULF INSURANCE LIMITED I
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APPENDIX A MARITIME LIFE (CARIBBEAN
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APPENDIX A MOTOR ONE INSURANCE COMP
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APPENDIX A THE REINSURANCE COMPANY
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APPENDIX A SAGICOR GENERAL INSURANC
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APPENDIX A SCOTIALIFE INSURANCE LIM
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APPENDIX A TATIL LIFE ASSURANCE LIM
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APPENDIX A THE GREAT NORTHERN INSUR
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APPENDIX A THE PRESIDENTIAL INSURAN
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APPENDIX A UNITED INSURANCE COMPANY
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APPENDIX B LIST OF REGISTERED AGENT
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List of Registered Agents List of A
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APPENDIX C LIST OF BROKERS REGISTER
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APPENDIX D LIST OF REGISTERED ADJUS
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Appendix e LIST OF PENSION PLANS RE
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Appendix e LIST OF PENSION PLANS RE
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Appendix e INSURED PENSION FUND PLA
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Appendix e ANNUITIES 1. A.S. Bryden
Page 158 and 159: Appendix e list of registered pensi
Page 160 and 161: TABLES TABLE I REVENUE ACCOUNT IN R
Page 162 and 163: - 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11
Page 164 and 165: 1. 2. 3. 4. 1. 2. 3. 4. TABLES TABL
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Page 168 and 169: 1. 2. 3. 4. 5. TABLES TABLE VI REVE
Page 170 and 171: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Page 172 and 173: TABLES TABLE X COMPANIES LOCAL 1. A
Page 174 and 175: 172TABLES TABLE XIA STATEMENT OF ST
Page 176 and 177: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Page 178 and 179: TABLES TABLE XV REVENUE ACCOUNT IN
Page 180 and 181: TABLES TABLE XVI REVENUE ACCOUNT IN
Page 182 and 183: TABLES TABLE XVIII REVENUE ACCOUNT
Page 184 and 185: 1. 2. 3. 4. 1. 2. 1. 2. 3. 4. 1. 2.
Page 186 and 187: TABLES TABLE XXI UNDERWRITING RESUL
Page 188 and 189: TABLES TABLE XXIII SUMMARY AND VALU
Page 190 and 191: TABLES TABLE XXV SUMMARY AND VALUAT
Page 192 and 193: TABLES TABLE XXVII SUMMARY AND VALU
Page 194 and 195: TABLES TABLE XXIX SUMMARY AND VALUA
Page 196 and 197: TABLES TABLE XXXI SUMMARY AND VALUA
Page 198 and 199: TABLES TABLE XXXIII DEPOSIT ADMINIS
Page 200 and 201: TABLES TABLE XXXIII continued DEPOS
Page 202 and 203: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Page 204 and 205: 51. 52. 53. 54. 55. 56. 57. 58. 59.
Page 206 and 207: TABLES TABLE XXXV NAME OF PLAN Fund
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