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

PENSION FUND PLANS
REVENUE ACCOUNTS 2007 - SELF-ADMINISTERED PENSION FUND PLANS
REVENUE $
(1) Amount of Fund at beginning of period
(2) Contributions by employers
(3) Contributions by employees
(4) Any additional contribution by employers
to meet deficiency or back service liability
(5) Interest, Dividends and Rents
(6) Other Income
TOTAL REVENUE
19,558,728,417
259,127,456
155,223,894
3,321,481
968,457,486
872,394,727
21,817,253,461
EXPENDITURE $
(1) Superannuation Benefits
(i) Pensions to Retired Employees
(ii) Retirement Gratuities
(2) Death Grants
(3) Return of Contributions on withdrawal
(4) Other Expenditure
(5) Amount of Fund at end of period
EXPENDITURE
377,186,824
87,900,662
10,847,463
11,745,829
161,347,251
21,168,225,432
21,817,253,461
7.10 Contributions received for the years 2003 to 2007 were shared as follows:
CONTRIBUTIONS RECEIVED IN:
2003 2004 2005 2006
$ $ $ $
2007
$
EMPLOYER 168, 891,229 151,995,351 241,345,825 291,343,391 297,747,265
EMPLOYEES 119, 894,595 92,086,298 138,806,109 159,494,964 175,005,941
(See Figure 11)
REPORT ON INSURANCE AND PENSIONS 59