2006 - Central Bank of Trinidad and Tobago

PENSION FUND PLANSBalance Sheets7.11 The Insurance Act requires that balance sheets should be furnished only in respect of selfadministeredpension fund plans. In respect of insured pension fund plans the relevantinformation is incorporated in the Balance Sheet which the insurance company is requiredto submit with its annual financial returns.7.12 The following assets distribution statement in respect of self-administered plans has beencompiled from the balance sheets of the accounts of self-administered plans received forthe year 2006.ASSETS OF SELF-ADMINISTERED PLANSTrinidad and Tobago GovernmentSecurities denoted in TT $MortgagesReal EstateTrinidad and Tobago EquitiesFixed/Call DepositsOther Trinidad and Tobago AssetsTrinidad and Tobago GovernmentSecurities denoted in ForeignCurrency2006$1,578,656,446253,650,23424,253,4007,298,633,4351,342,439,2467,204,791,646120,527,3592005$1,511,440,380285,676,58320,931,0669,794,178,516927,842,9077,404,858,895226,438,794TOTAL LOCAL ASSETS17,822,951,76620,171,367,141Caricom/Foreign Government SecuritiesOther Caricom/Foreign SecuritiesTOTAL ASSETS IN FUND275,661,8991,800,155,88119,898,769,546101,348,5961,858,635,28322,109,004,547LOCAL ASSETS RATIO89.57%91.14%(see Figure 12)7.13 During the year 2006 the Actuarial Valuations of forty-one (41) registered pension fundplans were submitted.7.14 The reports were reviewed with particular reference to the comments and/orrecommendations of the Actuaries with respect to the solvency position of each Plan.60REPORT ON INSURANCE AND PENSIONS