§ Mr. M. MAC DONALD
asked the Secretary for Scotland from what sources the income of the Scottish Teachers' Superannuation Fund is derived; what is the annual income derived from each source; and how many teachers participated in the fund in each of the years 1919-20 and 1920–21?
§ Mr. MUNRO
The monies required to meet the charges under the Superannuation Scheme of 1919 for Scottish teachers are derived from:
For the year 1919–20 the amounts under (a)£173,494 and (b) £85,120 more than sufficed to meet the total payments of £176,627, and the balance of £81,987 was paid into the Education (Scotland) Fund.
- (a) Contributions from the Vote under Section 6 of the Education (Scotland) (Superannuation) Act, 1919.
- (b) Interest on the balance of the Superannuation Fund established under the original scheme.
- (c) Balance drawn from the Education (Scotland) Fund.
For the year 1920–21 the amounts were (a) £184,120, (b) £68,481, (c) £155,823.
The number of pensioners at 1st April, 1920, was 1,507, and at 1st April, 1921, 1,837. In addition, 19 death gratuities were awarded to teachers' representatives during 1919-20, and 119 during 1920–21.